The Current State Of ObamaCare - ACA

At least they won't be taxing beer :yes: Oh, by the way, Ehealth would probably do it for free.

D.C. Council approves broad new tax on insurance to cover city’s health-care exchange - The Washington Post

The D.C. Council on Tuesday unanimously approved a broad tax on all health-related insurance products sold in the nation's capital to solve a big money problem faced by its online health insurance exchange.

Under the measure, which will take effect on an emergency basis but eventually face congressional review, the exchange will fund its operating costs through a 1 percent tax on more than $250 million in insurance premiums paid annually by those who live and work in the District.

The taxable plans will include long-term care, disability, vision, dental, hospital indemnity and dozens of other health-related policies — almost all of which are not allowed to be sold on the exchange.
 
At least they won't be taxing beer :yes: Oh, by the way, Ehealth would probably do it for free.

D.C. Council approves broad new tax on insurance to cover city’s health-care exchange - The Washington Post

The D.C. Council on Tuesday unanimously approved a broad tax on all health-related insurance products sold in the nation's capital to solve a big money problem faced by its online health insurance exchange.

Under the measure, which will take effect on an emergency basis but eventually face congressional review, the exchange will fund its operating costs through a 1 percent tax on more than $250 million in insurance premiums paid annually by those who live and work in the District.

The taxable plans will include long-term care, disability, vision, dental, hospital indemnity and dozens of other health-related policies — almost all of which are not allowed to be sold on the exchange.

Think it'll include the congressional plans?
 
At least they won't be taxing beer :yes: Oh, by the way, Ehealth would probably do it for free.

D.C. Council approves broad new tax on insurance to cover city's health-care exchange - The Washington Post

The D.C. Council on Tuesday unanimously approved a broad tax on all health-related insurance products sold in the nation's capital to solve a big money problem faced by its online health insurance exchange.

Under the measure, which will take effect on an emergency basis but eventually face congressional review, the exchange will fund its operating costs through a 1 percent tax on more than $250 million in insurance premiums paid annually by those who live and work in the District.

The taxable plans will include long-term care, disability, vision, dental, hospital indemnity and dozens of other health-related policies — almost all of which are not allowed to be sold on the exchange.

At least those are policies that are normally only guaranteed renewable so the carriers can raise rates to cover the new premium taxes...So it becomes another cost for residents of D.C.
 
October 6, 2014

The cost of ObamaCare to America has expanded beyond the realm of esoteric federal budget projections. It is now beginning to hit the small business community..hard.

"Small businesses — not to mention their workers — have good reason to be miffed. Evidence is mounting that Obamacare raises health costs for small firms and thereby reduces workers' wages. Writ large across the entire economy, the law is not just discouraging firms from creating new jobs — it's actually reducing the size of the labor force."

Excerpted from: Obamacare -- Bad for Employers, Bad for Employees - Forbes
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Allen,

I'm pretty surprised, that article implies that a CBO projection was actually in the ballpark of reality for a change. They guessed a .5% reduction in 2010, and raised it to a full 1% in February 2014.

1% of 313M is 3.13M over 10 years, or about 313,000/year. This article states 355,000 for the first year, pretty darn close.

Lets not forget the democratic spin on this topic, Senate Majority Leader Harry Reid pointed out that Obamacare is not going to result in job loss. In fact, it will free Americans up to pursue other employment options rather than experience job lock. Sebelius, of course, denied that the job loss is even possible and claimed that the CBO and other experts were flat out wrong. I guess there's a reason she's not steering the ship anymore.
 
Allen,

I'm pretty surprised, that article implies that a CBO projection was actually in the ballpark of reality for a change. They guessed a .5% reduction in 2010, and raised it to a full 1% in February 2014.

1% of 313M is 3.13M over 10 years, or about 313,000/year. This article states 355,000 for the first year, pretty darn close.

The total population is 313M.....many older and younger, disabled, non-working folks in that number.

So it is actually worse.
 
I recant my previous statement based on this new information: Reality is somewhere between half and double CBO's estimates, like it always has been.

(155M actively at work according to last weeks report from BLS. 355,000 losses is about 2%, or double their estimate. Right back on track CBO! Keep in mind, CBO estimates are 10-year, and this would be 1/10th or .2%)
 
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