Supreme Court Upholds Health Care Mandate

Slingin Sammy 33

haha, agree.

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Slingin Sammy 33

You are absolutely correct, after reading your link my numbers were off. I stated $ 700B added to the defecit....and per the CBO estimate the number is over $ 1T. My bad.

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...[If] an angel fairy came down and said, '[You can have anything]....you would like to own,' I wouldn't be surprised if you said a football club and particularly the Washington Redskins.'' — Jack Kent Cooke, 1996.

12thMan

You're still kinda missing the point or you didn't read it. The legislation is projected to pay for itself or come close. If you only take into consideration outlays and spending and don't factor in revenue and savings well, of course, it appears to explode the deficit.

It doesn’t include the Medicare cuts, or many of the tax increases, that pay for the legislation. “CBO and JCT have previously estimated that the ACA will, on net, reduce budget deficits over the 2012–2021 period; that estimate of the overall budgetary impact of the ACA has not been updated.”

The bottom line is this, CBO will roll out more concrete deficit reduction numbers at some point in the future. I imagine more than once. Each year a new projection is done the legislation tends to cost a little more...and save more.

12thMan

One more thing SS33, your $700B estimate is looking at a different time frame when the law was originally passed. The first two years of it didn't cost much because there wasn't much implementation. The new estimates cover 2011-2012.

On a side note every year it costs more to repeal the law, which explodes the deficit. CBO says repeal would costs $230 billion. Basically Republicans are full of shit when they say repeal and replace.

saden1

Its really comical to hear the GOP talk about how they will cut taxes, increase defense spending, increase Medicare/Medicaid spending and reduce the deficit. If they can do that and get a better cbo score I will be the first to vote republican every election.

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Giantone

[quote=Slingin Sammy 33;923298]




Doctors will still be making money,very,very ,very good money.Sammy CNN,really,I would'nt quote them from now on...according to them the healthcare Law was shot down!Remeber this is still a matter of choice and you can get whatever it is you need done wherever you want it done,you keep saying the UK and Canada........well we ain't them.

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Giantone

.........this.

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....DISCLAIMER: All of my posts/threads are my expressed typed opinion and the reader is not to assume these comments are absolute fact, law, or truth unless otherwise stated in said post/thread.

firstdown

Yea right, please name a major federal program that has not run way over its projected cost when it became law.

12thMan

Got me there. But given that healthcare represents 17% of GDP, it's the one that has the biggest drain on the economy, doing nothing and repeal this and repeal that isn't an option any longer.

firstdown

Not sure if I would say its a total drain. Isn't that 17% of GDP going back into the system one way or another. Medical providers, hospitals, medical equipment, nurses, ambulance, construction, etc... make a living of medical cost and that 17%. I agree we need to cut cost but this is not the way.

12thMan

This is absolutely the way. We have more waste, fraud and abuse within our healthcare system than any other. We spend more on healthcare than any other industrialized nation. It's really now or never. That repeal bullshit is for the birds.

Chico23231

How come the right fails to look at the waste, fraud and mismanagement in the DoD? This is latest from them:

Again in 2011, the GAO could not "render an opinion on the 2011 consolidated financial statements of the federal government", with a major obstacle again being "serious financial management problems at the Department of Defense (DOD) that made its financial statements unauditable".[19]

In December 2011, the GAO found that "neither the Navy nor the Marine Corps have implemented effective processes for reconciling their FBWT." According to the GAO, "An agency’s FBWT account is similar in concept to a corporate bank account. The difference is that instead of a cash balance, FBWT represents unexpended spending authority in appropriations." In addition, "As of April 2011, there were more than $22 billion unmatched disbursements and collections affecting more than 10,000 lines of accounting."[20]

So how come we are good with this? Cut the pentagon's budget from ear to ear until we can at least get an audit of there expendures. As a citizen im outraged by this, why arent others?

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12thMan

Naw, they're just concerned with ObamaScare and delusional talking points.

Mind you Obamacare was oringially conceived by Republicans, instituted by the Republican nominee, and upheld by a Republican Supreme Court Justice. So much for socialism I guess.