U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Retirement
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 12-01-2016, 07:56 AM
 
30,064 posts, read 47,297,325 times
Reputation: 16009

Advertisements

Quote:
Originally Posted by TuborgP View Post
Thank Republican's or thank the energy industry which is now facing headwinds. Is the the following data as reassuring as you would want? Is it to anyone else who bothers to actually digest it? You decide!
Key Economic Indicators As with the US economy it is the future that we all really are keyed on.


Also when ranked per capita and equalizing for population Texas is 14th.
https://en.wikipedia.org/wiki/List_o...GDP_per_capita

Also NJ is ahead of Texas and ranked 8th and we know the state of their economy. Illinois is 16th and oh well enough said!

Interesting little state debt to revenue growth chart. I have in reference to your post highlighted Texas but any one can use it to find their own state.
State of Texas Debt Clock
Our state constitution sort of requires we have a balanced budget...
Unfortunately that does not mean our Legislature (Republican majority through the past 2 or more decades) makes wise choices with how it actually spends our tax money...

We have seen lot of population growth because we have had some large companies relocate here
But that growth has put lot of pressure on certain cities' infrastructures
Our legislature hated the ACA, and because the insurance lobby is very powerful we have very poor health services for most people who don't get insurance through an employer...
Even people who,DO have health insurance through an employer get a lower quality of health services for a higher premium...

Case in point...my son and DIL both work for same company in Richardson, Dallas suburb, which is local office of home company in Minnisota...they have a MN version of Blue Cross, Blue Shield which has much better coverage at decent price than the Blue Cross, Blue Shield plan they were on w/original company that was bought by the MN company...
Why...MN as a state has higher standards for insurance providers than Texas...

When Trump's goons reform the ACA AND Medicare and Medicaid and allow insurance companies to sell policies across state's borders they will go,for states with the lowest standards of performance...not the higher ones-- because that will mean MORE money for the companies---not better services for the end user...

 
Old 12-01-2016, 08:16 AM
 
29,764 posts, read 34,848,700 times
Reputation: 11675
^^^^^^^ The debt isn't a deficit it is money borrowed that needs to be paid back and that debt load as a percentage of current production. It is a measurement of the future challenge of paying back what has been borrowed. That is why I mentioned NJ and Illinois which have GDP per capita comparable to Texas and are in horrible financial shape with their debt load.

Selling across state lines doesn't mean all companies will offer in all states. Won't they still have to comply with individual state insurance agency regulations?
 
Old 12-01-2016, 08:24 AM
 
29,764 posts, read 34,848,700 times
Reputation: 11675
What is flying under the radar in discussions about repeal of the ACA is the employee mandate.
https://www.irs.gov/affordable-care-act/employers

Repeal of that will find a lot of folks losing or paying more for workplace insurance who are clueless of what is about to happen. What is interesting is that much of the movement up in the stock market, especially small caps is the company benefit of being able to get out of having to offer health care to employees. This part of it is discussed on the business shows but the impact on people is sorely missing in the general news reporting.

http://www.businessinsurance.com/art...plate=printart

Quote:
Posted On: Dec. 1, 2016 9:25 AM CST
Jerry Geisel

Repealing the Affordable Care Act's 40% excise tax on high-cost health care plans and the employer mandate are at the top of employers' “wish list” for changes they would like Congress to make to the health care reform law, according to a new survey.

Eighty-five percent of 644 employers surveyed by Mercer L.L.C. want the excise tax, which goes into effect in 2020, repealed, while 70% back repeal of the employer mandate. Under the mandate, employers in 2016 are liable for a $2,160 per employee penalty if they do not offer coverage to at least 95% of their full-time employees — those working an average of at least 30 hours per week.

In addition, the employer penalty for offering coverage in which the share of the premium the employee pays for single coverage exceeds 9.5% of household is $3,240 for each affected employee.

Employers are staunchly opposed to the mandate “not because they don't want to offer coverage. It's because proving that they offer coverage is so much work,” Tracy Watts, Mercer health reform leader in Washington said in a statement Wednesday. Among other things, employers have to file detailed coverage reports.
If it is just the regulations that get cut that will be one thing if enrollment gets reduced another.
 
Old 12-01-2016, 09:13 AM
 
Location: University City, Philadelphia
22,592 posts, read 12,328,149 times
Reputation: 15493
Concerning the future of Medicare, Medicaid, and even Social Security ...

I am worried ...

VERY WORRIED ...
 
Old 12-01-2016, 09:30 AM
 
Location: Baltimore, MD
3,745 posts, read 4,213,572 times
Reputation: 6866
Quote:
Originally Posted by lenora View Post
There is a reason Paul Ryan and others emphasize the need to curtail "entitlement" programs. I will guarantee you that many many Trump voters equate "entitlements" with food stamps, public housing, Medicaid and welfare (TANF) benefits. To them, "entitlements" are benefits that are given to leaches, people who never worked a day in their life, blah blah blah. They have no clue that the largest entitlements are Medicare and Social Security benefits and that these two are the ones that Ryan and others are referring to when they intentionally use the word "entitlements".
Dang it! Leeches, not leaches. Sorry, I could not leave this stupid spelling error as is. Ugh.
 
Old 12-01-2016, 09:45 AM
 
30,064 posts, read 47,297,325 times
Reputation: 16009
Quote:
Originally Posted by BestintheWest View Post
You can thank a Republican for this:::The $1.6 trillion Texas economy is the second biggest in the U.S., behind only California. Texas ranks first for current economic climate thanks to the second fastest economic growth and third fastest job growth over the past five years.
I live in TX and I know there is a strong economy but there is also a decided indifference to to the working poor, women's' and minorities rights on many issues...
Texas while it has a huge Mexican American/Latino population is run by white, Protestant good-ol-boys who listen to big business and conservative political groups...

We have terrible insurance system, have public/state employees' pensions and health programs close to failure.
We have a bad reputation for dealing with pollution by big business and don't want to fund our public education system fairly.

The fact that we are a "right to work" state which provides almost no protection for the working class and there is no state income tax have made Texas a go-to spot for company relocations. There are often big tax incentives (like Carrier was just offered) to lure companies to relocate. Unfortunately that always doesn't translate into the "best of all possible worlds" in reality.

More people mean more drivers because TX has almost no,public transportation systems, our roads are beat to pieces in many areas and the state has decided to go to publicly funded toll roads (privatization) vs raising taxes to,improve roads...it has been good for big investors (in some cases) but citizens think it stinks...

Schools get overcrowded but the state doesn't want to add more money from its coffers so local districts raise taxes on homeowners ... But we have a Robin Hood plan that siphons money away from wealthy districts that want to,put more money into,their local,schools...it goes outside the district to help,pay what the state won't.

If you don't live in Texas and know what you are citing as good policy/strong economy, then don't act like an expert on TX government...
 
Old 12-01-2016, 09:51 AM
 
30,064 posts, read 47,297,325 times
Reputation: 16009
Quote:
Originally Posted by TuborgP View Post
What is flying under the radar in discussions about repeal of the ACA is the employee mandate.
https://www.irs.gov/affordable-care-act/employers

Repeal of that will find a lot of folks losing or paying more for workplace insurance who are clueless of what is about to happen. What is interesting is that much of the movement up in the stock market, especially small caps is the company benefit of being able to get out of having to offer health care to employees. This part of it is discussed on the business shows but the impact on people is sorely missing in the general news reporting.

Employers hope to dump ACA's excise tax, employer mandate | Business Insurance

If it is just the regulations that get cut that will be one thing if enrollment gets reduced another.
Re the first part of your post (all which is very insightful)...
Even IF the news media reported on this threat to working people's insurance half of them won't believe it
They don't pay attention to "hard news" that tells them what they don't want to hear...
This is huge factor in why Trump was elected in the first place...

Most voters don't believe not just liberal media but even conservative papers that critiqued Trump and his policies...
 
Old 12-01-2016, 09:56 AM
 
30,064 posts, read 47,297,325 times
Reputation: 16009
Quote:
Originally Posted by TuborgP View Post
^^^^^^^ The debt isn't a deficit it is money borrowed that needs to be paid back and that debt load as a percentage of current production. It is a measurement of the future challenge of paying back what has been borrowed. That is why I mentioned NJ and Illinois which have GDP per capita comparable to Texas and are in horrible financial shape with their debt load.

Selling across state lines doesn't mean all companies will offer in all states. Won't they still have to comply with individual state insurance agency regulations?
My understanding is that those states are not required to balance,their state's budget...
Texas is --as per our constitution...
It is the only thing that keeps the knuckleheads running our gov't from really screwing up our state...
 
Old 12-01-2016, 10:17 AM
 
Location: Chesapeake Bay
6,048 posts, read 3,868,534 times
Reputation: 3502
Quote:
Originally Posted by Clark Park View Post
Concerning the future of Medicare, Medicaid, and even Social Security ...

I am worried ...

VERY WORRIED ...
There is no way to sugarcoat it.

This could be total financial disaster for millions of people if Ryan and his friends are successful in their quest.
 
Old 12-01-2016, 10:59 AM
 
1,185 posts, read 661,897 times
Reputation: 4104
Quote:
Originally Posted by Weichert View Post
There is no way to sugarcoat it.

This could be total financial disaster for millions of people if Ryan and his friends are successful in their quest.
The amazing result is many of the Trump supporters will be the ones really hurt from losing their safety net in many areas, but unfortunately will take the rest of us down with them.

No wonder Trump said he loved the "poorly educated", also probably meaning the uninformed or those who chose to not believe the warnings. Talk about the fox in the hen house . . .
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Closed Thread

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Retirement
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top