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Old 09-26-2010, 08:30 AM
 
Location: Summerville
7,934 posts, read 15,061,137 times
Reputation: 1350

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Quote:
Originally Posted by Luvsdabeach View Post
Hubby found out the other day our insurance premiums are going up 25% and our deductible is also.
Welcome to Obama care.....

I am sure ours will be going up at the next open enrollment also.....

They have already changed the way the cover a family.....
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Old 09-26-2010, 08:53 AM
 
435 posts, read 732,066 times
Reputation: 75
The increase is from shifting cost not Obama care. Health care cost is also a lagging stats...enough said.

Healthcare costs: Employers push rise in costs onto workers - latimes.com
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Old 09-26-2010, 08:59 AM
 
Location: SC
9,038 posts, read 14,285,241 times
Reputation: 3488
I think ALL of you guys ought to brush up on your Austrian Economics. First of all Roosevelt did NOT bring us out of the Great Depression with the New Deal. He only managed to make the pain last longer just as Bush and Obama and Ben Bernanke are doing with these bailouts and artificial stimulation which by now should have proved to EVERYONE does NOT WORK! The Free Market: How FDR Made the Depression Worse

There was a similar depression in 1920, "The Forgotten Depression" where the government did not intervene, President Harding allowed the market to correct itself and it was over in a matter of months because he did what Obama SHOULD be doing which was to cut spending and taxes and let the market forces resume equilibrium. The Forgotten Depression of 1920 - Thomas E. Woods, Jr. - Mises Daily

The whole housing boom and subsequent crash could have been avoided if Greenspan hadn't lowered the interests rates to one percent. The Federal Reserve shouldn't be setting interests rates in the first place. The marketplace should.

Keynesian Economics which says that you have to artificially stimulate the economy to get it going again doesn't work. You'd think they'd have figured it out in Washington D.C. by now that if lowering the interest rates to 1% set the scene for the housing crisis, having Bernanke lower it to 0% isn't going to worik either and has justbeen make things worse. (Doing the same thing over and over and expecting different results is the definition of insanity.)

Regarding mandatory health insurance, all we have to do is look at how the cost of health insurance has risen as government has gotten more and more involved requiring insurance cover this test and that preventative test and in come cases in Massachusetts, health insurance covered non-medically necessary things like hair transplants for men!

If you can't see how government involvment raises prices of health insurance and medical care, look at the price of college tuitions. Before there were government backed student loans college tuition was affordable. Ever since the government has gotten involved they have risen into the stratosphere and the quality of education has declined.

I can promise you that not only will health insurance be more expensive but the protection you get for your money will be a lot worse. There will be NO STOP-LOSS protection for starters.

Stopping losses is the WHOLE POINT of insurance. A good insurance plan eventually pays 100% of everything after you meet your out of pocket responsibility ( or pay your deductible and or coinsurance). This would be a Health Savings Account qualified plan or the kinds of plans they had in the old days before HMOs and co-pay plans (which offer terrible protection because the co-pays go on forever and you never get to a point where the insurance company pays for everything). Now that the government is involved to THIS extent, the quality is CERTAIN to plummet while rates rise. Check it out for yourself: Here is the new Government Healthcare website. It is deplorable what they are offering for what you have to pay. Health Care - HealthCare.gov
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Old 09-26-2010, 09:21 AM
 
435 posts, read 732,066 times
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Emily believes what you want, guess what type of economics Austrians practice in real life...Keynesian to the maximum, their health care is FREE paid by the government. You also forget the panic of 1907, but things are never that simple. Ever heard of panic of 1907?
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Old 09-26-2010, 04:52 PM
 
Location: Summerville
7,934 posts, read 15,061,137 times
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Quote:
Originally Posted by JimmyCh View Post
The increase is from shifting cost not Obama care. Health care cost is also a lagging stats...enough said.

Healthcare costs: Employers push rise in costs onto workers - latimes.com
Yes but why is the cost going up?

Could it be that Obama care requires coverage be made for people with preexisting conditions or requires that kids be covered until they are 26 or a whole host of other things that make insurance cost more?
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Old 09-26-2010, 06:43 PM
 
435 posts, read 732,066 times
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Mighty Tom, you are always right okay...btw, health care cost go up more than 9% each year for years...

The High Cost of No Price — The American, A Magazine of Ideas

http://www.cms.gov/NationalHealthExp...ads/tables.pdf
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Old 09-26-2010, 07:53 PM
 
Location: SC
9,038 posts, read 14,285,241 times
Reputation: 3488
Quote:
Originally Posted by JimmyCh View Post
Emily believes what you want, guess what type of economics Austrians practice in real life...Keynesian to the maximum, their health care is FREE paid by the government. You also forget the panic of 1907, but things are never that simple. Ever heard of panic of 1907?
The panic if 1907 was hardly a panic by today's standards. The stock market lost 8% of its value. Educate Yourself - J.P. Morgan - Savior -- The Panic of 1907

In Oct of 87 it lost more than a third of its value and by LEAVING IT ALONE and allowing it to correct itself, if was back to where it was in 6 months!

Face the facts. Our leaders in Washington except for a few like Ron Paul are leading us DOWN THE TUBES! Mark my words!

Just look at what has happened to the dollar! U.S. Dollar Index (DX, ICE [NYBOT]): Monthly Price Chart

It has lost more than one third of the value since all the artifical tampering of Greenspan, Bush, Obama and Bernanke started! Has all of your incomes and portfolios increased by at least a third JUST TO MAINTAIN the purchasing power you had in the early 2000s??????

Look at Peter Schiff's comments on Ben Bernanke's latest comments on saying he thinks we need MORE INFLATION here>>>> http://www.youtube.com/watch?v=rZj640CCJd0





YouTube - Peter Schiff - Dollar Collapse - Gold As A Hedge Against The Fed's Commitment To Raise Inflation

Last edited by emilybh; 09-26-2010 at 08:25 PM..
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Old 09-26-2010, 08:22 PM
 
435 posts, read 732,066 times
Reputation: 75
Emily this is from your link...the market lost 8% in one day and steadily erode over 39% more than a third total...and the Federal government did step in to help Morgan reorganize the bank with treasury money and make him a even richer man. Btw, the 6 months after time period you quoted, it is the official end of recession which last 12 months total, our recession based on the same measure was officially over last year (18 months). The stock market are also very close to the peak again if you adjust with inflation...Don't feel like it though huh. As for the dollars, look at where it starts to dip (Greenspan who is a libertarian has been in office more than 20 years at that time; so what changed)...Like I said believe what you want and make financial move accordingly. The government intervention did work because as a short seller, I can tell you how frustrating is to time the government action to maximize return.
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Old 09-27-2010, 10:47 AM
 
4,465 posts, read 7,003,775 times
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Quote:
Originally Posted by emilybh View Post
I think ALL of you guys ought to brush up on your Austrian Economics.
Why? History has proven it simply is wrong.

Sort of like learning Racial classification systems from the 1930's.
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Old 09-27-2010, 10:48 AM
 
4,465 posts, read 7,003,775 times
Reputation: 796
Quote:
Originally Posted by Luvsdabeach View Post
Hubby found out the other day our insurance premiums are going up 25% and our deductible is also.
Bet you wish we had gotten the public option.
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