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(Investors Business Daily)   A government report says ObamaCare will add $6.2 trillion to deficits. Here are five reasons it's sure to add much more than that   (news.investors.com) divider line 124
    More: Fail, obamacare, federal deficits, insurance exchange, health spending, deficits  
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1855 clicks; posted to Politics » on 27 Feb 2013 at 12:37 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-02-27 10:24:42 AM
"The Alabama senator asked the office to estimate what would happen if the cost containment provisions in the law -- the Independent Payment Advisory Board, excise tax on high-cost plans, and reductions in Medicare payments to providers -- are 'phased out over time' while the coverage provisions remain."

This is roughly the equivalent of the Boston Celtics' coach asking someone on his staff, "Figure out what our record would be if our opponents' points didn't count." Then, soon after, the coach called a press conference to declare, "Good news everyone! We're undefeated! We've won every game in a shutout!" Link
 
2013-02-27 11:27:06 AM
The article is about why those are reasonable assumptions.
 
2013-02-27 11:40:28 AM
What will happen if Obamacare mandates everyone gets a unicorn that craps gold bars?!?!?! The budget hawks demand answers!
 
2013-02-27 11:43:08 AM
There sure always seems to be plenty of money for wars, though.
 
2013-02-27 11:43:33 AM
And what does this mean for the Benghazi investigation?
 
2013-02-27 11:47:21 AM
I heard that even with obamacare you're still going to die anyway so lets talk about some nice tax cuts instead.
 
2013-02-27 11:55:55 AM
This is exactly the dollar figure Obamacare was sold to us with.
 
2013-02-27 12:09:02 PM

MaxxLarge: There sure always seems to be plenty of money for wars, though.


So much so that we didn't even have to count it as part of the budget as we spent it!

/Yippie!
 
2013-02-27 12:30:37 PM

beantowndog: I heard that even with obamacare you're still going to die anyway so lets talk about some nice tax cuts instead.


I heard that everybody is still going to die someday BECAUSE of Obamacare.
 
2013-02-27 12:30:51 PM
6.2 trillion over the course of 75 years, or in other terms, a tiny fraction of what Bush's Medicare Part D costs.
 
2013-02-27 12:34:16 PM
FTFA: When you strip out these unrealistic cost control measures, ObamaCare ends up adding $6.2 trillion to federal deficits over the next 75 years, the GAO concludes, accelerating the nation's drive toward the real fiscal cliff.

Federal budget projections are ten years at a time. This doesn't even make sense. The war against Alpha Ceti 1 led by Emperor Springsteen II in 2035 will dwarf that cost alone.

/oops, I've said too much already
 
2013-02-27 12:38:22 PM
I'll take point here guys.

First, these are nonsense numbers extrapolated out over a stupid amount of time. Now onto the meat.


'Obamacare' adds government subsidies for people who cannot afford healthcare insurance to get it. Without healthcare insurance, these people still use healthcare and do not pay, causing healthcare organizations to charge more to everyone else to make up for it. One way or another, YOU are paying for it. The benefit of paying through the government means that they can negotiate lower paid prices to the healthcare organizations, driving down the average price paid for procedures, offsetting the increased cost of the initial subidies. Otherwise, what motivation does the healthcare organization have to lower prices? They'll simply take the new increased revenue as profit and say "Thank you very much." The government actually has some of the lowest reimbursement rates across the board.

 
The argument that Obamacare is going to force employers to drop employee health insurance plan is at best, laughably stupid. Just because it's cheaper to pay a fine than to pay for insurance they already provide, doesn't mean they'll drop it. Right now it's EVEN CHEAPER THAN THAT to drop employee insurance and pay no fine, yet it's not being done. The only reasons why a company would now decide to remove your insurance is twofold; because they were going to anyway, or because it's politically motivated (we can blame the blah guy)
 
2013-02-27 12:38:27 PM
And I've never even gotten a call back on my death panel application!
 
2013-02-27 12:45:12 PM
Good point.  Lets change to single payer instead.

Or just scrap everything (including medicare, medicaid) and let the "Free market" continue sucking the lifeblood from our economy.
 
2013-02-27 12:46:03 PM
In 75 years I'll be either dead or too senile to care.
 
2013-02-27 12:46:43 PM
Investors.com is pure republican math.......they even oppose Obama when he's bailing out banks/wall street.
 
2013-02-27 12:47:55 PM
Presidential fartiness IS at an all time high

i.imgur.com
 
2013-02-27 12:48:46 PM

justtray: I'll take point here guys.

First, these are nonsense numbers extrapolated out over a stupid amount of time. Now onto the meat.


'Obamacare' adds government subsidies for people who cannot afford healthcare insurance to get it. Without healthcare insurance, these people still use healthcare and do not pay, causing healthcare organizations to charge more to everyone else to make up for it. One way or another, YOU are paying for it. The benefit of paying through the government means that they can negotiate lower paid prices to the healthcare organizations, driving down the average price paid for procedures, offsetting the increased cost of the initial subidies. Otherwise, what motivation does the healthcare organization have to lower prices? They'll simply take the new increased revenue as profit and say "Thank you very much." The government actually has some of the lowest reimbursement rates across the board.

 
The argument that Obamacare is going to force employers to drop employee health insurance plan is at best, laughably stupid. Just because it's cheaper to pay a fine than to pay for insurance they already provide, doesn't mean they'll drop it. Right now it's EVEN CHEAPER THAN THAT to drop employee insurance and pay no fine, yet it's not being done. The only reasons why a company would now decide to remove your insurance is twofold; because they were going to anyway, or because it's politically motivated (we can blame the blah guy)


Its Investors.com. Nobody's paying you overtime to refute them.

Could have just wrote "Hurrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr"
 
2013-02-27 12:53:14 PM
Someone explain to subby the difference between deficits and debt - actually, someone explain that to Investors.com, too. If you aren't literate in financial terms, you probably shouldn't be giving investment advice.
 
2013-02-27 12:54:32 PM
Investor's Business Daily's editorial page?  You might as well be getting financial advice from a drunken Jim Cramer high on cocaine laced with Courtney Love's vaginal mucus.
 
2013-02-27 12:55:36 PM
 
2013-02-27 12:55:48 PM
jeff sessions......6.2 trillion....is that the outrage du jour this time?

ok jeff....see ya in another month or two when you have new numbers and/or you smooth-talk another online rag to publish your derp.
 
2013-02-27 12:56:20 PM

MaxxLarge: There sure always seems to be plenty of money for wars, though.


Its very far from being that simple.  Healthcare is a limited resource - the equipment takes time and skilled workers to construct and the practitioners required to deliver care take time to train.

Saying that "we have money for wars" assumes that the resources used to equip and execute warfare (soldiers, contractors, etc) can be reallocated to health care (doctors, techs, etc) at a one-to-one ratio and that simply isn't true.  It takes time to train and enable health care providers and the number of resources that are capable of providing these services doesn't increase just because we need more of them.

A butcher can't become a baker just because there is a bread shortage.
 
2013-02-27 12:56:40 PM

CPennypacker: justtray: I'll take point here guys.

First, these are nonsense numbers extrapolated out over a stupid amount of time. Now onto the meat.


'Obamacare' adds government subsidies for people who cannot afford healthcare insurance to get it. Without healthcare insurance, these people still use healthcare and do not pay, causing healthcare organizations to charge more to everyone else to make up for it. One way or another, YOU are paying for it. The benefit of paying through the government means that they can negotiate lower paid prices to the healthcare organizations, driving down the average price paid for procedures, offsetting the increased cost of the initial subidies. Otherwise, what motivation does the healthcare organization have to lower prices? They'll simply take the new increased revenue as profit and say "Thank you very much." The government actually has some of the lowest reimbursement rates across the board.

 
The argument that Obamacare is going to force employers to drop employee health insurance plan is at best, laughably stupid. Just because it's cheaper to pay a fine than to pay for insurance they already provide, doesn't mean they'll drop it. Right now it's EVEN CHEAPER THAN THAT to drop employee insurance and pay no fine, yet it's not being done. The only reasons why a company would now decide to remove your insurance is twofold; because they were going to anyway, or because it's politically motivated (we can blame the blah guy)

Its Investors.com. Nobody's paying you overtime to refute them.

Could have just wrote "Hurrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr"


It's nice, though, when someone takes the time to refute Republican positions using reasoned arguments.  Otherwise, one day we might find ourselves in the "Anti-idiot, rape-is-bad, not-anti-browns-people" camp, and not remember why.
 
2013-02-27 12:57:27 PM
Investors Business Daily is World Net Daily minus some racism
 
2013-02-27 12:57:57 PM

The Stealth Hippopotamus: The article is about why those are reasonable assumptions.


Meh, I don't quite trust IBD as a reasonable source.

You know who else doesn't trust IBD as a reasonable source?

www.independent.co.uk

http://scienceblogs.com/dispatches/2009/08/12/hawking-serves-crow-to -i nvesto/
 
2013-02-27 12:58:15 PM

Duke Phillips' Singing Bears: beantowndog: I heard that even with obamacare you're still going to die anyway so lets talk about some nice tax cuts instead.

I heard that everybody is still going to die someday BECAUSE of Obamacare.


Sounds like a good way to solve the social security and medicare problems!
 
2013-02-27 01:04:30 PM
I like how Fark Cons were citing this yesterday like it was the end all of all reports.
 
2013-02-27 01:07:54 PM
Dogs are getting fatter. At the present rate, in 75 years, dogs will be bigger than cows.
 
2013-02-27 01:10:03 PM

Somacandra: FTFA: When you strip out these unrealistic cost control measures, ObamaCare ends up adding $6.2 trillion to federal deficits over the next 75 years, the GAO concludes, accelerating the nation's drive toward the real fiscal cliff.

Federal budget projections are ten years at a time. This doesn't even make sense. The war against Alpha Ceti 1 led by Emperor Springsteen II in 2035 will dwarf that cost alone.

/oops, I've said too much already


And I'm sure MRI's are going to cost just as much in the year 3000.  Medical technology probably won't become any more advanced or less expensive in 75 years.
 
2013-02-27 01:10:49 PM
When you strip out these unrealistic cost control measures, ObamaCare ends up adding $6.2 trillion to federal deficits over the next 75 years, the GAO concludes, accelerating the nation's drive toward the real fiscal cliff.

So, $82.6 billion a year.

Meanwhile, our annual defense budget is about 8 times as much.

Hell, the interest we're paying on debts from past wars is  $109.1-$431.5 billion (in 2012).

http://en.wikipedia.org/wiki/Military_budget_of_the_United_States#Bu dg et_breakdown_for_2012

Let's just not get into any more long-term wars of choice based on made-up intelligence and we should be fine.

But thanks for the concern, subby & hack journalist.
 
2013-02-27 01:11:03 PM

Uranus Is Huge!: Dogs are getting fatter. At the present rate, in 75 years, dogs will be bigger than cows.


24.media.tumblr.com
 
2013-02-27 01:14:24 PM
The real question is: How many Stephen Hawkings must Obama personally murder before we realize that Obamacare is an abomination?
 
2013-02-27 01:17:51 PM
It's all free anyway. No need to work or serve. All we have to do is sit back
call our friends on our free phone and chill.
Cause YOU owe ME.
 
2013-02-27 01:18:03 PM

thurstonxhowell: The real question is: How many Stephen Hawkings must Obama personally murder before we realize that Obamacare is an Obamanation?


FTFY
 
2013-02-27 01:19:41 PM

chiett: It's all free anyway. No need to work or serve. All we have to do is sit back
call our friends on our free phone and chill.
Cause YOU owe ME.


This is what Republicans actually believe!
 
2013-02-27 01:20:31 PM

rufus-t-firefly: So, $82.6 billion a year.


And that's assuming nothing at all changes for 75 years.
 
2013-02-27 01:20:58 PM
Is there anyone out there who has been really sick (or a family member) that doesn't supper a single payer system? I can't imagine anyone who receives a $100,000 hospital bill and their insurance only covers 80% is going to think "gee we have a great system"
 
2013-02-27 01:24:41 PM

rufus-t-firefly: When you strip out these unrealistic cost control measures, ObamaCare ends up adding $6.2 trillion to federal deficits over the next 75 years, the GAO concludes, accelerating the nation's drive toward the real fiscal cliff.

So, $82.6 billion a year.


and $80 billion a year has been cut from Medicare to cover the cost.
 
2013-02-27 01:26:11 PM

chiett: It's all free anyway. No need to work or serve. All we have to do is sit back
call our friends on our free phone and chill.
Cause YOU owe ME.


this is what Republicans are actually programmed to believe
 
2013-02-27 01:27:41 PM
chiett:
It's all free anyway. No need to work or serve. All we have to do is sit back
call our friends on our free phone and chill.
Cause YOU owe ME.


Natgrey:
 "This is what Republicans actually believe! "


Actually it's what all the bleeding hearts I've met believe (usually Democrats)
 
2013-02-27 01:27:55 PM
This is a blog from Investor's Business Daily, whose initials are IBD.

IBD also stands for Inflammatory Bowel Disease.

Therefore, does Investor's Business Daily = Inflammatory Bowel Disease?

Coincidence? I think not.
 
2013-02-27 01:28:20 PM

Carth: Is there anyone out there who has been really sick (or a family member) that doesn't supper a single payer system? I can't imagine anyone who receives a $100,000 hospital bill and their insurance only covers 80% is going to think "gee we have a great system"


But without the insurance it would have been much higher, think of all the guns and freedom you could buy with all the money you're saving!
 
2013-02-27 01:28:33 PM

PanicMan: rufus-t-firefly: So, $82.6 billion a year.

And that's assuming nothing at all changes for 75 years.


Baby Boomers will be nearly 150 years old in 75 years.  Do you have any idea how expensive it will be to keep them alive?
 
2013-02-27 01:30:13 PM

chiett: chiett:
It's all free anyway. No need to work or serve. All we have to do is sit back
call our friends on our free phone and chill.
Cause YOU owe ME.

Natgrey:
 "This is what Republicans actually believe! "


Actually it's what all the bleeding hearts I've met believe (usually Democrats)


Why do you keep such poor company?
 
2013-02-27 01:33:46 PM

rufus-t-firefly: When you strip out these unrealistic cost control measures, ObamaCare ends up adding $6.2 trillion to federal deficits over the next 75 years, the GAO concludes, accelerating the nation's drive toward the real fiscal cliff.

So, $82.6 billion a year.

Meanwhile, our annual defense budget is about 8 times as much.

Hell, the interest we're paying on debts from past wars is  $109.1-$431.5 billion (in 2012).

http://en.wikipedia.org/wiki/Military_budget_of_the_United_States#Bu dg et_breakdown_for_2012

Let's just not get into any more long-term wars of choice based on made-up intelligence and we should be fine.

But thanks for the concern, subby & hack journalist.


The other thing to note is that actual dollars is fairly meaningless without context. Over those same 75 years our working population will increase as will our GDP. Of course we will spend more, but what that spending amounts to per capita, or more importantly as a percentage of our GDP is much more meaningful.
 
2013-02-27 01:34:16 PM

chiett: Actually it's what all the bleeding hearts I've met believe (usually Democrats)


You and clane need to learn how to use a quote button.

What a Fark Con trying to respond to someone looks like:
 
2013-02-27 01:34:55 PM
That's nothing. Over 750 years, the cost will be $620 trillion dollars. That's almost a Brazilian dollars or something. Thanks a lot, Fartbongo!
 
2013-02-27 01:34:58 PM
That's $6.2 trillion each, per day.
 
2013-02-27 01:35:13 PM

chiett: chiett:
It's all free anyway. No need to work or serve. All we have to do is sit back
call our friends on our free phone and chill.
Cause YOU owe ME.

Natgrey:
 "This is what Republicans actually believe! "


Actually it's what all the bleeding hearts I've met believe (usually Democrats)


It is what you pretend others believe because intellectually honest discourse is too difficult for you. Literally no one you've met believes this.
 
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