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Um... no. Former CBO director Douglas Holtz-Eakin calls Obama's and the Dems' claim that the deficit will be reduced with the enactment of the HCR bill "fantasy in, fantasy out."
"How can the budget office give a green light to a bill that commits the federal government to spending nearly $1 trillion more over the next 10 years? The answer, unfortunately, is that the budget office is required to take written legislation at face value and not second-guess the plausibility of what it is handed. So fantasy in, fantasy out. In reality, if you strip out all the gimmicks and budgetary games and rework the calculus, a wholly different picture emerges: The health care reform legislation would raise, not lower, federal deficits, by $562 billion." The Real Arithmetic of Health Care Reform - NYTimes.com
1/2 a trillion dollars here, 1/2 a trillion dollars there. Pay up, suckers!
Um... no. Former CBO director Douglas Holtz-Eakin calls Obama's and the Dems' claim that the deficit will be reduced with the enactment of the HCR bill "fantasy in, fantasy out."
"How can the budget office give a green light to a bill that commits the federal government to spending nearly $1 trillion more over the next 10 years? The answer, unfortunately, is that the budget office is required to take written legislation at face value and not second-guess the plausibility of what it is handed. So fantasy in, fantasy out. In reality, if you strip out all the gimmicks and budgetary games and rework the calculus, a wholly different picture emerges: The health care reform legislation would raise, not lower, federal deficits, by $562 billion." The Real Arithmetic of Health Care Reform - NYTimes.com
1/2 a trillion dollars here, 1/2 a trillion dollars there. Pay up, suckers!
[YAWN]
The CBO overestimated the Bank Bailout costs.
They overestimated the 2009 Budget deficit.
Now the wingers have found a former CBO Director to sling their mud....LOL
I suppose they need to cut their budget and move into smaller quarters.
Of course I'd be willing to vote for higher aid for these people, whereas you just hope to go back to the status quo where their children didn't have any insurance and they just stiffed the hospital and emergency rooms for their vital medical care.
You don't give a tinkers dam about poor families.
Not so fast... who's to say that family didn't have insurance that was subsidized by an even higher amount through their employer(s), but the employer(s) dropped their plan because it was cheaper to pay the fine. Now, in order to purchase the government-required insurance, the family has to pay 4 times as much when using the government's insurance exchange.
Now it's YOU who doesn't care about poor families.
Not so fast... who's to say that family didn't have insurance that was subsidized by an even higher amount through their employer(s), but the employer(s) dropped their plan because it was cheaper to pay the fine. Now, in order to purchase the government-required insurance, the family has to pay 4 times as much when using the government's insurance exchange.
Now it's YOU who doesn't care about poor families.
Even WITH the "subsidy"...
Individuals with an income as low as $20,600 will pay 12% of their annual income.
Families of 4 with an income as low as $42,000 will pay 13% of their annual income.
...That's for average medical services on the 30% co-pay Silver Plan. Those in need of a higher level of, or more, medical services will pay even more.
Wrong, Bold Faced lie, Wrong.....
In the chart you were referring to it would be the 2nd column not the last. The one titled Premium Cap as a Share of Income. Secondly, that was based off the Original Senate Bill, the subsidies for the Reconciliation Bill are a bit higher. The link in the Health Reform Subsidy Calculator would be the one to go by (link is in the post above yours.
Now using your two examples
Individual $20,600, would pay 5.85% of their total income or $1,205.
Family of four $42,000 would pay 5.9% of their total income or $2,462
In the chart you were referring to it would be the 2nd column not the last. The one titled Premium Cap as a Share of Income. Secondly, that was based off the Original Senate Bill, the subsidies for the Reconciliation Bill are a bit higher. The link in the Health Reform Subsidy Calculator would be the one to go by (link is in the post above yours.
Now using your two examples
Individual $20,600, would pay 5.85% of their total income or $1,205.
Family of four $42,000 would pay 5.9% of their total income or $2,462
Look again... you're forgetting about the 30% co-pays. Medical care for the insured is NOT free. That adds to the expense.
The only way anyone would pay only the premiums and nothing else is if they never received any medical care or treatment. Not very likely, especially for a family...
Look again... you're forgetting about the 30% co-pays. Medical care for the insured is NOT free. That adds to the expense.
The only way anyone would pay only the premiums and nothing else is if they never received any medical care or treatment. Not very likely, especially for a family...
Actually wrong again. For the income levels you used in your example ($42,000 for family of four, $20,600 for Individual) the out of pocket expenses and co-pays would be capped at 15% of total cost.
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