ObamaCare will contribute to ever increasing national debt

After the “bipartisan” bill to suspend the debt ceiling was signed by Obama, the debt jumped a third of a trillion dollars in one day, but you ain’t seen nothing yet.

ObamaCare alone will be ringing up more and more spending as premiums increase in price but taxpayers continue to pick up those increases.

As the Las Vegas newspaper reported the other day, premiums on the Nevada exchange are expected to rise an average of 8.7 percent, but federal tax credits should also increase to cancel out most of the gain, according to a Nevada Health Link spokesman. So, taxpayers pick up the increase.

But that 8.7 percent is probably based on the increase in the Silver plan rates, which the federal government uses as its base because the IRS uses the Silver plan as a “benchmark” for tax purposes, according to The Daily Caller.

Nationally, the feds have been saying premiums will rise 7.5 percent, using only the Silver plan rates. If you average all the metal plans — Platinum, Gold, Silver and Bronze — the average increase tops 20 percent, according to a Daily Caller News Foundation analysis.

For Nevadans the average increase tops 15 percent.

The plans are broken down like this:

  • Bronze plans cover about 60 percent
  • Silver plans cover about 70 percent
  • Gold plans cover about 80 percent
  • Platinum plans cover about 90 percent

This less coverage the lower the monthly premium. Next year the deductibles for the Silver and Bronze plans are increasing.

According to the Las Vegas paper, the premium increases for those suckers who are not collecting tax credits in nearly 10 percent. So those people get hit coming and going and standing still.

Varvel cartoon

 

 

 

 

 

 

Advertisements

46 comments on “ObamaCare will contribute to ever increasing national debt

  1. Steve says:

    Did you see Michelle Mortenson on channel 8 last night?

    “In the 1980’s, most ER doctors were hospital employees who didn’t bill separately for their services. Today, 65 percent of hospitals contract their emergency room doctors, so they aren’t hospital employees.

    That means those doctors can choose which plans they work with. Many are not taking insurance at all, especially since the Affordable Care Act went into effect, and there’s nothing patients can do about it.”

    http://www.lasvegasnow.com/news/8-on-your-side-surprise-emergency-room-bills

    So, when you are out cold, near death in the ambulance and brought to the nearest ER; be sure to ask the ER doctor if they take your insurance, if your insurance will pay for the procedure and what the copay will be…

    Great job with ACA! Thanks Democrats! we are SO grateful!

  2. Bruce Feher says:

    No problem here. The geniuses in Washington will just print more money, I mean Federal Reserve Notes.

  3. Barbara says:

    I read that the ACA is getting only about half of the people signing up as was estimated, so going forward the the financials are only going to get worse.

    Obamacare was a major issue in the Kentucky Gov race where the Tea Party candidate handily won. This issue is going to be a major drag on Hillary. Rominey really couldn’t make it an issue since he started Obamacare in MA when he was Gov. The Republicans should not have that problem this year.

    I and my daughter continue to be uninsured since loosing my insurance last year due to the ACA. Having to pay over $6000 in premium and then satisfy a $6700 deductible per person does not make sense. I have not even priced plans for this year since I know they have went up.

  4. Nyp says:

    According to the CDC, the percentage of Americans without health insurance is now down to 10.3%

  5. Steve says:

    McInsurance companies are “lovin’ it!”

  6. nyp says:

    Today’s jobs report: Unemployment down to 5%. 271,000 jobs created in the month of October alone, 137,000 in September, 136,000 in August.

    I blame that job-killing ObamaCare.

  7. Barbara says:

    From Newsmax:

    “The CBO also determined that most of the net coverage gains for Obamacare are coming from Medicaid recipients, at 59 percent of the net increase for 2015.”

  8. nyp says:

    And your point is ….?

  9. nyp says:

    Net change in private sector jobs under President Obama: plus 9.3 million.
    Net change in private sector jobs under President Bush: minus 463,000

  10. Steve says:

    The labor participation rate is horrible, the jobs are likely due to the santa clause rally. Lets see what the adjustment is. Lets see if they last into the new year. Six years after the recession “ended”….good job on that turn around. Tell it to all those people who stopped looking for work!
    Sustainability is easy with such low participation in the workforce and this is good news for those who might have taken needed employment but what it really does is indicate an increase interest rates.

    Not that it matters too much, my stocks are moving in the right direction with the help of HZNP!

  11. Nyp says:

    Clearly, ObamaCare is responsible for long-term trends in the labor force participation rate – whatever that is.

  12. Nyp says:

    Clearly, The ACA is responsible for long-term trends in the labor force participation rate – whatever that is.

  13. Patrick says:

    Republican boogie men:

    “Raising minimum wage will kill jobs”
    “Passing ObamaCare will kill jobs”
    “Regulating industry will kill jobs”
    “Failing to enact bush’s tax cuts will kill jobs”
    “Increasing the debt limit/national debt, will kill jobs”

    http://www.marketwatch.com/story/there-are-more-full-time-jobs-than-before-the-great-recession-hit-2015-11-06

  14. Steve says:

    Hey nyp,,, I know it’s a libby tool used to befuddle the masses but repeating things doesn’t make them “right”!

    Patrick,
    “That said, the jobs market was 83% full-time when the recession hit. It’s 82% now.

    Pay growth also has been historically weak. It has taken six years for average hourly earnings to rise at the 2.5% year-over-year clip that it did in October.”

    new normal.

  15. Rincon says:

    When adjusted for inflation, average (median) hourly earnings haven’t risen for 50 years. Now you’re blaming Obama for this too?

    Don’t expect the ACA to keep the lid on medical costs forever. The major causes have not been addressed. This is partly Obama’s fault and partly that of Republicans – mostly, it’s the Republicans.

    “So, when you are out cold, near death in the ambulance and brought to the nearest ER; be sure to ask the ER doctor if they take your insurance, if your insurance will pay for the procedure and what the copay will be…” The problem isn’t the ACA; the problem is “capitalism” in medicine. You can’t be a good price shopper when you’re flat on your back.

  16. Steve says:

    The problem isn’t the ACA; the problem is “capitalism” in medicine.

    According to the report, it was ACA that made contract doctors in ER’s popular. Prior to its enactment ER doctors were employees of the hospital, nullifying insurance issues.
    It is the ACA that caused this particular problem. It will take an act of Congress to fix it nationwide. States are already passing laws trying to fix it. But this makes for 50 different ways of fixing the problem and that is one of the complaints made people who want a national solution….can’t have it both ways, ACA has to be fixed by Congress.

  17. Patrick says:

    As usual, the problem is greed, furthered by capitalism. Hospitals are moving to but more physician practices so that they can earn more. Mores siring physicians employed by them to order more, and more expensive tests. This pattern began long ago when a kaiser convinced Nixon to change the rules regarding corporate control of medical practices and thereby allow Kaiser, and other HMOs to screw up the American practice of medicine forever.

    http://www.nytimes.com/2012/12/01/business/a-hospital-war-reflects-a-tightening-bind-for-doctors-nationwide.html?_r=0

    But it has nothing to do with the ACA.

  18. Steve says:

    “But it has nothing to do with the ACA.”

    ACA specifically requires people to get insurance from those very companies you describe, Patrick.
    Complicity is irrevocably intertwined with ACA.

  19. Patrick says:

    Nothing in the ACA requires hospitals to make physicians employees. Nothing in the ACA requires physicians to sell their practices to hospitals and become ER room physicians. nothing in the ACA requires hospitals to pressure their physicians to order unnecessary expensive tests.

    Only greed, and the capitalist system does. As the article suggested.

  20. Nyp says:

    Today’s fun fact: the economy has gained private sector jobs every single month since ObamaCare was enacted 5 years ago

  21. Steve says:

    You have placed your finger squarely on the problem Patrick. While people are required to buy insurance from private companies, nothing in the ACA requires doctors to accept insurance…no matter where it’s sourced.
    Hence people who have no control over who takes care of their injuries at the ER are now finding themselves presented with exorbitant bills from doctors who contract with the hospital while not accepting any insurance.
    Implementation of ACA has brought this to the forefront and elevated it to a new high. Doctors are taking full advantage and hospitals are getting their services for a pittance, while patients are getting the screwing of their lives.

    And, nyp, jobs returning while exiting the worst recession since 1929, under any set of burdens, should come as no surprise. Daily life must go on, after all.

  22. Rincon says:

    Steve, Steve, you’re starting to sound like a Liberal! How can you complain about the most capitalistic part of Obamacare? This is the marketplace! If patients want to avoid this problem, they need to shop around, either beforehand or while they are on their backs. After all, most of them have Smart phones. Isn’t it the fault of the patient?

    But if you really think that it’s a bad thing, an act of Congress could quickly fix it, except of course, that Republicans are happy to let patients swing in the breeze so they can make political hay.

  23. Steve says:

    “How can you complain about the most capitalistic part of Obamacare?”

    “We Have to Pass the Bill So That You Can Find Out What Is In It” is a lousy way to enact policy

    A conservative view on this is and was;
    IF, IF, IF you insist on doing something, do it RIGHT.

  24. Patrick says:

    Problem with conservatives is that they are ALWAYS interested in doing things “right” and far less interested in doing them for the benefit of the country.

    And PLEASE let’s all discuss the very thorough process by which conservatives “consider” the “right” laws they pass.

    https://sunlightfoundation.com/blog/2009/03/02/congress-had-no-time-to-read-the-usa-patriot-act/

  25. Steve says:

    Nice to see Patrick now wishes to change the subject.

    Thanks for acknowledging the efficaciousness of my eloquence.

  26. Rincon says:

    Fact remains that your Republicans are the only thing perpetuating this problem and they are doing it entirely for selfish reasons, knowing their minions would never think to criticize their team..

  27. Patrick says:

    “We Have to Pass the Bill So That You Can Find Out What Is In It” is a lousy way to enact policy

    Steve makes an issue a subject but refuses to discuss the hypocrisy of what he has made an issue.

  28. Steve says:

    Fact is the whole thing was, initiated, written and passed by Democrats. And at the last second, because Democrats knew it was do it then with something they knew wasn’t ready or they they would have been forced to work with conservatives on it in the next Congress.

    Talk about obstruction.

  29. Rincon says:

    Easily fixed. Republicans won’t do it.

  30. Steve says:

    That is what happens when you take the ball and make all the rules, shutting out the weaker players.

  31. Rincon says:

    You mean that they take revenge at the expense of their constituents and you approve? You have a mean streak Steve.

  32. Rincon says:

    Steve’s inevitable reply: “Quit putting words into my mouth.” Sorry Steve. I can draw no other conclusion from your words.

  33. Steve says:

    “and you approve”

    ASSumption.

    Otherwise you pretty much get it. Another example, Reid “filling the tree” to block republican amendments in the Senate.

  34. Steve says:

    Why would I approve of Democrats taking the ball and making all the rules?

  35. Rincon says:

    CORRECT ASSumption. By defending their actions, you indicate your approval.

  36. Steve says:

    You think I am “defending” their actions?

    Re read my words, Rincon.

  37. Rincon says:

    I did. We may have had a misunderstanding. I’m claiming that you are defending the Republicans here, not the Democrats. The Democrats clearly made a mistake – call it a big one, but the Republicans intentionally prevent those Democrats from fixing their mistake. So who’s worse?

  38. Steve says:

    Worse is an interesting word. One side will compromise only if the other side gives everything away. The other side holds all the cards, though this may be changing.

    The country works best when the state of government is where the founders appear to have intended for it.
    Almost equal, forcing all to give and take.

  39. Rincon says:

    .Let me rephrase: The Democrats screwed many of our citizens by mistake. The Republicans are screwing them intentionally.

  40. Steve says:

    IF I am to be screwed, I want to be screwed honestly.

    A level playground is also a hard surface when you land on it. But is the best one for all to have an equal opportunity.

  41. Rincon says:

    So it’s OK for Republicans to do this because you think the Democrats are even worse? Didn’t you just criticize this kind of thinking?

    Obamacare is the law. Whining about it all being unfair isn’t impressive.

  42. Steve says:

    “So it’s OK for Republicans to do this because you think the Democrats are even worse?”

    spin

  43. Rincon says:

    Great retort Steve. I’m convinced!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s