The Current State Of ObamaCare - ACA

[justthefacts]

June 15, 2015

ObamaCare has to be the most inefficient use of taxpayer dollars since taxes were first collected in this country.

Before ObamaCare became law in March 2010, 85% of the American public were satisfied with their health insurance.

Here we are, 5 years, $100 Billion dollars later, and the satisfaction index has skyrocketed to...(drum roll).... 86%.


See Exhibit #10 at: Americans' Experiences with Marketplace and Medicaid Coverage - The Commonwealth Fund
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inefficient use of taxpayer money agreed! since taxes were collected ahhhh??????
food stamps--medicaid nursing home care--our spectacular training of the Iraq army--since 1987 never has been never will be federal cost saving scam called"Medicare advantage" Dollars to donuts you could line up quite a list that in the end will beat out the romney/obama boondogle. That said it is a waste of alot of $$$$$$!!

 

[sman]

inefficient use of taxpayer money agreed! since taxes were collected ahhhh??????
food stamps--medicaid nursing home care--our spectacular training of the Iraq army--since 1987 never has been never will be federal cost saving scam called"Medicare advantage" Dollars to donuts you could line up quite a list that in the end will beat out the romney/obama boondogle. That said it is a waste of alot of $$$$$$!!

Let's assume for a second that Obamacare stays as is for the next 50 years. There aren't going to be many things which cost more. Maybe Medicare.

And nice of you to place Romney's name on this. I'm pretty sure he's never been a member of Congress nor the president. This is all on Obama and the Democrats.

 

[justthefacts]

Let's assume for a second that Obamacare stays as is for the next 50 years. There aren't going to be many things which cost more. Maybe Medicare.

And nice of you to place Romney's name on this. I'm pretty sure he's never been a member of Congress nor the president. This is all on Obama and the Democrats.

CBO has a study out that would refute your opinion(source 2014 aca outlays) enough said. Regardless ,ACA stinks and hopefully will be replaced by real reform that will finally target the biggest challenge we face, the high cost of our healthcare system and the selling of t-notes to fund the public side(medicare bcd, and federal portion of medicaid)
I gave the devil his due by referencing Governor Romney/your right though the Dems went along with this stinker sooooo

 

[sman]

CBO has a study out that would refute your opinion(source 2014 aca outlays) enough said.

So Obamacare has no costs? Interesting. Then why the need to raise taxes? And just where does the government get the money to provide subsidies? Is that not a cost as well?

I think you're referencing whether or not it adds to the debt. Of course the jury is still out on that. Let's give it a few decades.

 

[RayNY]

CBO has a study

I don't trust anything that has a margin of error of -100% to +200%.

You could throw a brick at a dartboard and get just as accurate an estimate as their studies.

2010, they estimated ACA at $0.6T, then $0.9T, and as of the most recent "study" from 2014, it was at $1.5T.

If they did it again this year, I guarantee it would be another few hundred billion dollars off.

EDIT: They did release a new report (not study) this year, it's now at $1.993T, another $493B added on to the tab...(They had a $1.839T estimate released in the interim as well, I can't keep track of all these guesses they throw out)

 

[justthefacts]

So Obamacare has no costs? Interesting. Then why the need to raise taxes? And just where does the government get the money to provide subsidies? Is that not a cost as well?

I think you're referencing whether or not it adds to the debt. Of course the jury is still out on that. Let's give it a few decades.

Obamacare has plenty of costs!!!! The CBO study just does not put it in the top tier of budget busters like medicare bcd, medicaid nursing home care, military ...........it's down the list that's all. Still wasteful and need of replacement! Only good thing that I can see out of ACA is that we are taking baby steps on cost controls. BTW we don't raise taxes we sell t-notes to pension funds,Chinese and all the above with the generational pride that our grand kids will pick up our bar tab!!!!

 

[sman]

Obamacare has plenty of costs!!!! The CBO study just does not put it in the top tier of budget busters like medicare bcd, medicaid nursing home care, military ...........it's down the list that's all. Still wasteful and need of replacement! Only good thing that I can see out of ACA is that we are taking baby steps on cost controls. BTW we don't raise taxes we sell t-notes to pension funds,Chinese and all the above with the generational pride that our grand kids will pick up our bar tab!!!!

You're just full of interesting tidbits. We don't raise taxes? Awesome. So the maximum rate didn't just recently go from 35% to 39.6% (really 43.4%, but no need to get all technical up in here)? And there isn't a new Medicare tax for those over a certain income level ($200k for individual and $250k for married filing jointly)? And those who don't get insurance aren't paying a tax (that's what Obama's team argued before the Supreme Court) for not having insurance? Capital gains taxes didn't go from 15% to 23.8%? Dividend taxes didn't go from 15% to a max of 43.4%? And those who earn over a certain level don't get to pay more for Part B and Part D (I know that's not called a tax, but when the government requires you to pay something based on how much money you make, it sure feels like a tax).

I'm pretty sure my taxes went up recently (as a percentage of income). Do you mind letting the IRS know that the government doesn't really raise taxes? That would help some of us tremendously.

 

[AllenChicago]

From: How Many Obamacare Taxes Are There? - Forbes

""For that 'how many taxes' question, it depends how you count and what you regard as a tax. But here's my tally:

1. 2.3% Tax on Medical Device Manufacturers (this doesn't hit you directly, but indirectly it sure can).

2. 3.8% Net Investment Income Tax. This one is a big one. Depending on your income, it adds a 3.8% tax on top of your interest, dividends and capital gains.

3. Employer Mandate on business with over 50 full-time equivalent employees to provide health insurance to full-time employees. $2000 per employee $3000 if employee uses tax credits to buy insurance on the exchange.

4. 40% Excise Tax on high-end (Cadillac) Health Insurance Plans (40% excise tax on the portion of employer-sponsored health coverage that exceeds $10,200 a year and $27,500 for families).

5. Medical Deduction Threshold tax increase (threshold to deduct medical expenses as an itemized deduction increases to 10% from 7.5%).

6. Individual Mandate (a tax for not purchasing insurance, though the tax penalty is called a Shared Responsibility Payment, for 2014 it was the greater of, 1% of your income above the filing threshold of $10,150 for singles and $20,300 for married couples filing jointly or $95 per adult ($47.50 per child), with a maximum of $285 for a family, whichever is higher. This tax doubles in 2015.

7. Excise Tax on Charitable Hospitals which fail to comply with the requirements of ObamaCare.

8. Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D.

9. Medicare Part A Tax increase of .9% over $200k/$250k.

10. An annual $63 fee levied by ObamaCare on all plans (decreased each year until 2017 when pre-existing conditions are eliminated) to help pay for insurance companies covering the costs of high-risk pools.

11. Medicine Cabinet Tax (over the counter medicines no longer qualify as medical expenses for flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), health savings accounts (HSAs), and Archer Medical Saving accounts (MSAs).

12. Additional Tax on HSA/MSA Distributions

13. Health savings accounts or Archer medical savings accounts, penalties for non-qualified medical expenses of 10% to 20% in the case of a HSA and from 15% to 20% for an MSA.""

-end-

 

[somarco]

Full List of Obamacare Tax Hikes | Congressman Jeff Duncan

 

[justthefacts]

You're just full of interesting tidbits. We don't raise taxes? Awesome. So the maximum rate didn't just recently go from 35% to 39.6% (really 43.4%, but no need to get all technical up in here)? And there isn't a new Medicare tax for those over a certain income level ($200k for individual and $250k for married filing jointly)? And those who don't get insurance aren't paying a tax (that's what Obama's team argued before the Supreme Court) for not having insurance? Capital gains taxes didn't go from 15% to 23.8%? Dividend taxes didn't go from 15% to a max of 43.4%? And those who earn over a certain level don't get to pay more for Part B and Part D (I know that's not called a tax, but when the government requires you to pay something based on how much money you make, it sure feels like a tax).

I'm pretty sure my taxes went up recently (as a percentage of income). Do you mind letting the IRS know that the government doesn't really raise taxes? That would help some of us tremendously.

I stand corrected I guess we are not selling t-notes to pay for our budget shortfalls.My bad everything is paid for absolutely no reason to raise taxes!! I was being sarcastic. How about this pull your taxes for say 1984- I paid a whole lot more % than the above mentioned rates you quoted.