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Affect of Repealing ACA on GDP - 6/20/2015 6:41:07 PM   
KenDckey


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GDP would raise about 0.7% (estimated $1400/household)

https://www.cbo.gov/sites/default/files/114th-congress-2015-2016/reports/50252-Effects_of_ACA_Repeal.pdf
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RE: Affect of Repealing ACA on GDP - 6/20/2015 8:01:17 PM   
MasterJaguar01


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quote:

ORIGINAL: KenDckey

GDP would raise about 0.7% (estimated $1400/household)

https://www.cbo.gov/sites/default/files/114th-congress-2015-2016/reports/50252-Effects_of_ACA_Repeal.pdf


OK... That is an estimate. So what is your point? That ACA should be repealed?

Look at other parts of the SAME report:

For many reasons, the budgetary and economic effects
of repealing the ACA could differ substantially in
either direction from the central estimates presented in
this report. The uncertainty is sufficiently great that
repealing the ACA could reduce deficits over the
2016–2025 period—or could increase deficits by a
substantially larger margin than the agencies have
estimated. However, CBO and JCT’s best estimate is
that repealing the ACA would increase federal budget
deficits by $137 billion over that 10-year period.



Or this:

Effects on Direct Spending for Medicare,
Medicaid, and Other Programs

The ACA made numerous changes to payment rules and
rates for Medicare and Medicaid, and it made other
changes to certain other federal health programs as well.
On net, CBO estimates, repealing those provisions would
increase direct federal spending by $879 billion over the
2016–2025 period, mostly because of changes in spending
for Medicare, which would rise by an estimated
$802 billion (see Table 4). Repealing the provisions of the
ACA that are not related to insurance coverage would
increase federal spending for Medicaid by about $66 billion
over that period, mostly because of increases in
payments for prescription drugs and payments to hospitals
that treat a disproportionate share of uninsured or lowincome
patients.11 On net, direct spending for other health
programs would increase by about $10 billion, CBO estimates.

(in reply to KenDckey)
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RE: Affect of Repealing ACA on GDP - 6/20/2015 8:45:14 PM   
MasterG2kTR


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The more appalling fact here is that nearly 25% of this nations GDP is related to healthcare rather than production of domestic goods. Most nations hover in the 8%-10% range for healthcare in their GDP. Increasing the GDP anymore via healthcare is absurd to having a robust and healthy economy.

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RE: Affect of Repealing ACA on GDP - 6/20/2015 10:39:14 PM   
Sanity


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Old, but still relevant



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RE: Affect of Repealing ACA on GDP - 6/21/2015 1:24:00 AM   
joether


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I was once part of a small business enterprise of about thirty people. The owner of the company would bring everyone together for 'town hall meetings' to discussion medium and large issues that could effect the company. He wanted everyone to give their input, regardless if the information was good or not. And then we would vote on it. By reasoning, the good ideas should advance quickly and the dumb ones should be filtered out. Unfortunately, on topics in which certain individuals had skills in that area were given as much 'weight' as people that were faking they had 'expert knowledge' on.

Two examples: In the first, was regards to releasing their software package to a new operating system. It would be sold to a test bed of about fifty companies. When I quizzed the engineering group on whether the product worked well on different set ups, they did not give a very satisfactory answer. They behaved more like sheep, because the owner of the company was ALSO heading up the engineering group. I asked, as I was heading up the customer service group. Since any of their fuck-ups would be immediately known by my group. I would have to play 'diplomat' while finding solutions for up to and including fifty companies. And when their systems are screwed up, or the software doesn't run, their business does not run (i.e. they are not making a profit). So I asked the sales group if they had made any guarantees this would work well on the new operating system; of course they said 'yes'. So I stated based on their information gathered, plus what I knew of the software coding, it would be unwise to release it to all fifty. That we might instead try it out on three or four companies and devote resources to fixing what ever problems came up. So I was overruled by the majority whom wanted to kiss the owner's ass. Five weeks later, we fixed the last of the fifty company's whom were down. Most of them didn't get fixes until just two days earlier. The owner of the company didnt want to talk to me for the full month. I knew what was going to happen, and it happened. Fifty pissed off companies worth of customers in the tourism business, with their companies shut down during the busiest season of the year.

The other was on healthcare for everyone in the company. The person that had researched the shit out of this (his figures were solid by my study), got shot down by three people that didn't know shit about the information. They were just more influential with the 'mob crowd' at the time. So we went with another health system that ended up costing each of us 12% more over the next three years. That's not taking into account all the other adjustments. And the three that were bitching? They bitched when they learned of the details; None of us that argued for the better option wanted to listen to it!

How does it relate to the topic? The grand majority of Americans do not have a clue about the ACA. Wouldn't it make more sense to understand what the ACA 'is' and 'isn't' from an informed stance, rather than being completely ignorant? Most Americans could not explain the law's intent, purpose, or what the law does exactly. Over the last five years, I've had to educated the people on this forum about the seventy or eighty issues they got wrong. On big and small issues. Most from conservatives and libertarians, and some from the liberals. And when I did this, I removed the 'usual' political shit, and tried to explain the law in politically neutral terms. Some people had some legitimately good questions, and others got stuff wrong upon hearing it from someone trying to manipulate their viewpoints.

There is a time I'm pushing the idea of good healthcare for all US Citizens (that includes good healthcare for our veterans). And times in which I was explaining what the law does in a particular situation. For instance, those that didnt know what would happen if they didnt have a healthcare plan in effect for the following year's income tax form. I explained the numbers for the current year, and how the cost would rise in each year until it 'stabilized' to its final incarnation for 2015 (whih will show up on your 2015 Income Tax form). When people were bitching about the President and Democrats removing their policies for another; I pointed out it was the insurance companies that took this step. It was about three years ago, if I recall correctly. I had to explain what criteria a policy could be 'grandfathered' in under the law. And to a manner, how the insurance company looked at their products in relationship to the law. From there it was simple but logical to deduced based upon human behaviors how a business entity would proceed given the legal conditions.

Would it not be better to have the ones that understand this subject, discuss it? Or just have people that don't know shit decide on something that creates more problems for the nation and its people?

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RE: Affect of Repealing ACA on GDP - 6/21/2015 5:24:34 PM   
KenDckey


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Joe I believe that all people SHOULD have healthcare. My objection is there is no opt out provision without violating the law. There is a long way between should and SHALL.

(in reply to joether)
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RE: Affect of Repealing ACA on GDP - 6/21/2015 9:38:09 PM   
joether


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quote:

ORIGINAL: KenDckey
Joe I believe that all people SHOULD have healthcare. My objection is there is no opt out provision without violating the law. There is a long way between should and SHALL.


There is an 'opt out' in the law. If you had read the law, you would know that provision. Its on Healthcare.gov!

For 2015, you'll pay the higher of one of these two amounts (which will be reported on your 2016 Income Tax statement):

1 ) 2% of your yearly household income. (Only the amount of income above the tax filing threshold, about $10,150 for an individual, is used to calculate the penalty.) The maximum penalty is the national average premium for a Bronze plan.

2 ) $325 per person for the year ($162.50 per child under 18). The maximum penalty per family using this method is $975.

For 2016+, you'll pay the higher of one of these two amounts (on your 2017 and proceeding onward):

1 ) 2.5% of your yearly household income
2 ) $695 per person ($347.50 per child under 18)

The people that tell you, you cant not opt out, are LYING! They are taking advantage of your ignorance to push a political agenda.

SOURCE

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RE: Affect of Repealing ACA on GDP - 6/21/2015 10:06:03 PM   
MrRodgers


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quote:

ORIGINAL: Sanity


Old, but still relevant



.....and the lobbyists for Trump et al actually write the bills they (he and his ilk) seek. Hell the last Telecommunications act was written by their lobbyists knowing full well that once it became law, they'd take it to court claiming among other aspects, that the specifics the exec. agency charged with adding that they knowingly left out, were not part of the of actual law.

So Trump has a problem with what the CATO inst. in 1989 promulgated and the repubs submitted on '92. How 'bout that ?

I imagine GDP suffers from many repub policies and law and ones they were paid to put into effect. let me count the ways.

< Message edited by MrRodgers -- 6/21/2015 10:09:53 PM >

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RE: Affect of Repealing ACA on GDP - 6/22/2015 12:09:32 AM   
Owner59


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Just bringing up the donald or quoting the clown stick says everything one needs to know......

The belly laugh made scrolling the tread worth it.

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RE: Affect of Repealing ACA on GDP - 6/22/2015 11:55:07 AM   
Sanity


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Because Obamas insurance industry cronies Grubering us is all that and more?

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Inside Every Liberal Is A Totalitarian Screaming To Get Out

(in reply to MrRodgers)
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