ObamaCares saves billions for customers

Usually anytime you add an extra level of bureaucracy, the costs are going to rise for the consumer and the taxpayer, the "returns" are going to be much smaller than the final cost of the full implementation of ACA. Employees must be paid, and it takes money and time for businesses and consumers to comply.

Anyone else think this might be a deal where 30% of American and non-citizens benefit at the expense of the 70%?

Science Chic wrote:

gmule wrote: That will be passed on to the consumer. What you should be asking is how are the poor going to absorb this extra cost because in the end they are the ones that will be paying it not the insurance companies.

Maybe, maybe not - I think this is an assumption made an awful lot that doesn't necessarily automatically happen in reality. They can only pass it on to the customer if they won't drive away business because they've priced themselves right out of it. There are other things businesses can do to absorb the costs, passing it along to customers is only one option.

Now that it is a law that everyone must buy health care I don't see how every insurance company won't pass on this cost. Companies that continuously absorb cost often go out of business sooner rather than later.

There is no law that everyone must buy health care. ACA does mandate that most individuals must have health insurance or pay a small penalty, but there are many exceptions. The insurance companies love this act even with restrictions on profits, as it will add many, many healthy individuals such as twenty somethings to the insurance pool who have traditionally not had insurance. Since the revenue from these individuals should be much greater than the payouts on them, it will greatly reduce the cost of administering insurance overall. Additionally, since the issue with free riders will be minimized, the overall cost of medical care will not rise as exponentially as it has in the past.

Something the Dog Said wrote: ACA does mandate that most individuals must have health insurance or pay a small penalty

It's a tax, and $2500 is not small.

Nobody that matters wrote:

Something the Dog Said wrote: ACA does mandate that most individuals must have health insurance or pay a small penalty

It's a tax, and $2500 is not small.

$2500 is not small, but the mandate penalty is only $95 per adult, $47.50 per child and no more than $285 or 1% of family income per family in 2014. this rises to $695 per adult and $2085 or 2.5% of family income by 2016. There are also tax credits available to those who qualify, and exemptions for those who meet certain criteria.

2 articles on Obamacare:

http://lewrockwell.com/sowell/sowell116.html

http://globaleconomicanalysis.blogspot. ... ct-of.html

Architect of obamacare jumps ship,

http://libertyblitzkrieg.com/2012/12/06 ... n-johnson/

Martin Ent Inc wrote: 2 articles on Obamacare:

http://lewrockwell.com/sowell/sowell116.html

http://globaleconomicanalysis.blogspot. ... ct-of.html

There are actually thousands of articles on ObamaCares.

The two you cited are the typical conservative BS claptrap. the sowell article is claiming that the power of the President to grant waivers is somehow unconstitutional. What it does not tell you is that the waivers are limited to one year in duration and then are only applicable to certain instances. The intent of the waivers is to give more time to companies that are unable to transition to healthcare insurance(i.e., fast food industry) in time, or where health care insurance is already in place but needs to be changed to meet the requirements of the law (unions, large companies). The waivers are only for a limited duration.

the other article tries to stretch the rise in employment to ObamaCares, in an awkward manner and makes no sense at all.

Martin Ent Inc wrote: Architect of obamacare jumps ship,

http://libertyblitzkrieg.com/2012/12/06 ... n-johnson/

Gee, hard to understand why someone would move to a private sector job in the medical care industry since according to the "experts" here they will be so unprofitable.