IRS Chief Says No Thanks On Obama Care

Discussion in 'Too Hot for Swamp Gas' started by diehardgator1, Aug 1, 2013.

  1. wgbgator
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    wgbgator Sub-optimal Poster Premium Member

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    Assuming healthy young people sign up, this isnt the worst thing in the world.
  2. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Definitely, but what does that have to do with his quote/decision?
  3. DaveFla
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    DaveFla Well-Known Member

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    Key words highlighted for you...
  4. wgbgator
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    wgbgator Sub-optimal Poster Premium Member

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    Well, thanks Dave, but I'm already aware that a plan isnt an inevitable outcome, like every single other plan I've ever made regarding anything.
  5. DaveFla
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    DaveFla Well-Known Member

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    You're quite welcome.
  6. oragator1
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    oragator1 Premium Member

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    The CBO just lowered its long term estimated medicare costs by 618 billion.
    PWC did a study that health care costs have greatly slowed their rate of rise this year, in part because of the provision in the ACA that penalizes hospitals for readmissions of some groups, along with other non ACA related factors. The states that are fully using it for the most part have seen better than expected results. The white house had some good numbers this week too, though I understand those will be treated with suspicion. I am not one who is gung ho about the law by any stretch, it just seems from a cost perspective overall it's doing what it's supposed to do, or at a minimum not doing the damage some claim.

    To Matt's point though, copays and out of pocket costs have in fact gone up, but that has actually driven overall prices down because people are actually starting to shop for medicine instead of a "cost doesn't matter because I am not paying" approach (I think that's also in the pwc study). Some will end up paying more, those in good health on individual plans for instance, but overall the results don't seem to line up with the doomsday predictions.

    If there are studies that say the opposite I am more than amenable to reading them, but all of this anecdotal or predictive stuff doesn't say much except how someone is predisposed to feel about the act.

    By the way, the house is voting for the 40th time this week to repeal it. One last one before vacation I guess.
  7. gator85jd
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    gator85jd New Member

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    Certainly! Because healthy young people always rush out to buy grossly overpriced health insurance. Really!
  8. wgbgator
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    wgbgator Sub-optimal Poster Premium Member

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    Well, that's why there is an a) mandate and b) heavy subsidies. In the business, we call those incentives.
  9. baygator1
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    baygator1 Premium Member

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    If you have an individual plan, like I do, you don't have any choice sans paying the penalty tax.

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