(09-28-2017 03:43 PM)Redwingtom Wrote: (09-28-2017 03:21 PM)umbluegray Wrote: (09-28-2017 11:51 AM)Redwingtom Wrote: (09-28-2017 11:15 AM)VA49er Wrote: Anything to complain about I guess.
You still remember the last president's two terms, yes? 
Remember them? I'm still out of functional health coverage because of them.
Right...I forgot. Every RW poster on this site was not covered under an employer plan and/or had their coverage dropped or rates sky-rocketed simply due to Obama. The odds of this happening or like impossible.
Let's talk about one of the ways as to how ObamaCare was supposed to be paid for. I mean, we all understand that it's not
really free, right? It's funded by tax payers. As tax payers we give the government our money and they spend it how they see fit.
So again, ObamaCare doesn't magically create
free health care. That kind of thing doesn't exist.
I can't speak for every RW poster here, but I can share what happened to millions of Americans.
Forbes
Robert W. Wood
NOV 28, 2016 @ 09:18 AM
Trump Will Repeal Obamacare 40% Cadillac Tax, Other Taxes Too
Quote:Viewed from 2010, the Cadillac tax was supposed to rake in huge dollars to help pay for Obamacare. The Cadillac tax is a 40% tax on the cost of employer-sponsored health coverage exceeding certain thresholds: $10,800 for self-only coverage, and $29,100 for family coverage. The cost of wellness programs, on-site clinics and other plan features meant to reduce expenses are also included. Vast number of participants in numerous employer-sponsored plans will be affected.
The cadillac tax is 40%. Employers would pay that tax to the government to help pay for ObamaCare.
Except the law of unintended consequences took over.
Democrat-blue Hawaii did this evil thing when they dropped universal healthcare for children. I mean, why would they want children to die?
OK, hyperbole -- but that's what the left specializes in.
Anyway, in 2008 Hawaii became the only state to offer universal health care for children. After 7 months -- SEVEN -- they dropped it. Why? Because it failed.
Hawaii Ends Universal Child Health Care 7 Months After Start
Published October 18, 2008 Associated Press
Why did it fail? The governor's official answer was "budget shortfalls." Well, that and "other health care options." The other options? Private insurance.
Quote:Gov. Linda Lingle's administration cited budget shortfalls and other available health care options for eliminating funding for the program.
Here's the money shot:
Quote:"People who were already able to afford health care began to stop paying for it so they could get it for free," said Dr. Kenny Fink, the administrator for Med-QUEST at the Department of Human Services. "I don't believe that was the intent of the program."
Unintended consequences.
If I'm a Hawaiian tax payer AND I have medical insurance through my employer, why should I pay taxes for children AND pay premiums for my children?
Why not just pay the taxes and sign my children up? That way I'm only paying once instead of twice.
I share all of that as an example of the law of unintended consequences.
So many brilliant people design a plan but they tend to overlook the obvious.
The authors of ObamaCare knew that certain employers offered very robust health insurance for their employees. My employer was one of them.
Each employer's health insurance plan has a very specific cost that is included in their financial statement. ObamaCare put thresholds in place and would tax the overage at 40%.
Let's use the dollar thresholds included in the Forbes article.
- $10,800 for self-only coverage
- $29,100 for family coverage
Let's say hypothetically that one particular employer offered a plan that was worth $15,000 per individual and $35,000 per family.
$15,000 - 10,800 = $4,200 x 40% = $1,680
$35,000 - 29,100 = $5,900 x 40% = $2,360
Let's say this employer has 50,000 employees, most of whom are married. Let's use a 65/35 split.
50,000 employees x 35% single = 17,500 single employees
50,000 employees x 65% married = 32,500 married employees
How much would the employer pay in cadillac taxes for ObamaCare?
17,500 single employees x $1,680 tax = $29,400,000
32,500 married employees x $2,360 tax = $76,700,000
Total ObamaCare Cadillac tax = $106,100,000
That's $106 MILLION for just one employer. And that's just for ONE year. Health care costs continue to rise forcing the cost of cadillac plans to continue to rise. Meaning the amount of the 40% tax would also continue to rise year over year.
So, the law of unintended consequences kicked in and employers started scaling back on what their plans cover. Premiums, co-pays and deductibles increased.
How Many Employers Could be Affected by the Cadillac Plan Tax?
Aug 25, 2015 | Gary Claxton and Larry Levitt
Quote:As fall approaches, we can expect to hear more about how employers are adapting their health plans for 2016 open enrollments. One topic likely to garner a good deal of attention is how the Affordable Care Act’s high-cost plan tax (HCPT), sometimes called the “Cadillac plan” tax, is affecting employer decisions about their health benefits. The tax takes effect in 2018.
Quote:The potential of facing an HCPT assessment as soon as 2018 is encouraging employers to assess their current health benefits and consider cost reductions to avoid triggering the tax.
How many people were impacted by cuts due to the Cadillac tax?
Cost of the Cadillac: The Obamacare story reporters are missing
Columbia Journalism Review
By Trudy Lieberman
FEBRUARY 27, 2017
Quote:The result? “In a few short years, the tax will affect all employer plans,” says Steve Wojcik, a vice president at the National Business Group on Health, which is working to repeal the tax. If employers need to reduce the value of their plans to avoid the tax, then they will need to reduce benefits or increase their workers’ share of the cost, which could result in significant increases in out-of-pocket costs for 177 million workers.
ObamaCare could've impacted 177 MILLION workers. Let's say it's actually less than half. Let's say it impacted only 60 million people.
So, I'll say it again.
My premiums INCREASED.
My coverage DECREASED.
My deductibles INCREASED.
My co-pays INCREASED.
And I'm just one of millions of Americans who are in the same boat.
So, regarding your comment:
Quote:Right...I forgot. Every RW poster on this site was not covered under an employer plan and/or had their coverage dropped or rates sky-rocketed simply due to Obama. The odds of this happening or like impossible.
I hope I addressed it and I hope it helps explain why many people do not like ObamaCare.
/
Why did Trump wait almost two weeks to lift the Jones Act?
