Unhappy Anniversary - CBO: ObamaCare's cost jumps 8.6%

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    Mar 23, 2011 7:29 PM GMT
    http://online.wsj.com/article/SB10001424052748703858404576214622084940078.html?mod=WSJ_hpp_sections_opinion

    To wit, CBO says the entitlement's health insurance subsidies will cost $1.13 trillion between 2012 and 2021, not $1.04 trillion, the prior estimate. This 8.6% jump is the result of revised assumptions, the so-called technical factors in CBO's budget model. The bill's total cost now stands at $1.445 trillion, according to another recent CBO estimate.

    Remember that all of these are fictitious numbers that reflect Congressional gaming of CBO conventions to make it seem as if ObamaCare "saves" money. But now, even under these conventions, CBO is conceding that it significantly underestimated the bill's cost. If the propeller heads decide to add a few more trillion dollars in new spending, they might get somewhat closer to the bill's true cost.


    But, that's not all:
    "Small business isn’t celebrating Obamacare"
    http://www.washingtontimes.com/news/2011/mar/22/obamacare-one-year-later/print/

    Congresswoman Renee Ellmers (R-NC): "ObamaCare — One Year Later"
    http://www.redstate.com/reneeellmers/2011/03/23/obamacare-one-year-later/ - "The more than $500 billion in tax increases, IRS 1099 reporting requirements and other employer mandates associated with the bill threatened an already struggling economy, creating uncertainty with its job-crushing provisions."

    Kyle Wingfield: "ObamaCare, one year later"
    http://blogs.ajc.com/kyle-wingfield/2011/03/23/obamacare-one-year-later/?cxntfid=blogs_kyle_wingfield - pointing out left wing sites aren't exactly celebrating the bill. So if the President's supporters aren't even happy with the bill, who is? Healthcare insurers?
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    Mar 23, 2011 7:33 PM GMT
    Why would small business celebrate Obamacare, it's not good for them, or for America.. But sadly even down in Oz and not just America our left wing socialist government love nothing more than a new bloody tax.
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    Mar 23, 2011 7:42 PM GMT
    As unpopular as ever - polling from a source that has been favorable to the bill:
    http://www.kff.org/kaiserpolls/upload/8166-F.pdf

    Little has changed on the public opinion front since President Obama signed the Patient Protection and Affordable Care Act (ACA) into law last March 23. More than half of Americans continue to report that they are confused about the law and don’t understand how it will impact them personally. Meanwhile, the public remains divided in their views of the ACA, and a stark partisan opinion gap persists. In terms of next steps for health reform, a majority of Americans like the idea of allowing states to substitute their own plans for the federal one, with the caveat that the states’ plans are of equal quality and cover just as many people, but most are opposed to the idea of defunding the ACA. The public is still split on repeal, with slightly more wanting to expand the law or leave it as is than wanting to repeal it entirely or replace it with a Republican alternative. A majority do want to repeal the individual mandate, but opposition falls markedly when people are told that the mandate will not change the existing health care arrangements of most Americans.  


    Then there's Rasmussen: http://www.rasmussenreports.com/public_content/politics/current_events/healthcare/health_care_law

    53% Favor Repeal of Health Care Law, 50% Say Repeal At Least Somewhat Likely

    Most voters still want the national health care law repealed, and the number who are at least somewhat confident that repeal will happen is at the second highest level since the law's passage by Democrats in Congress a year ago.
    The latest Rasmussen Reports national telephone survey finds that 53% of Likely Voters at least somewhat favor repeal of the new health care law, including 43% who Strongly Favor it. Forty-two percent (42%) oppose repeal, with 27% who are Strongly Opposed.


    I suppose people are still waiting to figure out what's in it and have an epiphany of how wonderful it is?
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    Mar 23, 2011 7:50 PM GMT
    http://www.npr.org/blogs/itsallpolitics/2011/03/23/134794083/healthcare-law-at-year-one-more-questions-than-answers

    "Healthcare Law At Year One: More Questions Than Answers"

    Usually a year's passage brings greater clarity to an issue. But one year on it seems there are more questions than answers.

    In part, that's because various pieces of the law take effect over several years. In part, it's because of the legal challenges likely to only be resolved when the Supreme Court decides the question of whether the law is constitutional.

    And, of course, the health care system is so vast, with so many moving parts, only those who follow it closely really have a chance to understand many of the changes. And even some of them will admit to be confused.

    Still, there are a few places to look to try and get a handle on what's happening. Kaiserhealthnews.org is a valuable information source. For instance, KHN asked experts how they expect health care will play out over the next year.
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    Mar 23, 2011 8:45 PM GMT
    small business have a ligament fear that Obamacare will have a negative impact on jobs and the economy.
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    Mar 23, 2011 8:51 PM GMT
    True_Blue_Aussie saidsmall business have a ligament fear that Obamacare will have a negative impact on jobs and the economy.
    You better fear your own 'ligaments'.. put the bottle down patty.
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    Mar 23, 2011 8:59 PM GMT
    Here is the Gallup poll.. with strikingly different numbers.........

    http://www.gallup.com/poll/File/146732/Healthcare_topical_110321.pdf
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    Mar 23, 2011 9:39 PM GMT
    TropicalMark saidHere is the Gallup poll.. with strikingly different numbers.........

    http://www.gallup.com/poll/File/146732/Healthcare_topical_110321.pdf


    Here's the release:
    http://www.gallup.com/poll/146729/One-Year-Later-Americans-Split-Healthcare-Law.aspx

    More Americans See the Law Making Things "Worse" Rather Than "Better"

    Well less than half of Americans believe the law will make medical care better either for the United States as a whole, or for them personally. In both regards, more believe the law will make things worse rather than better.

    Opinions on the impact of the healthcare law on medical care in the U.S. are divided in similar fashion to Americans' overall reactions to the bill: 39% say it will improve medical care in the United States, while 44% say it will make it worse. Small percentages say the law won't change anything or offer no opinion.
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    Mar 23, 2011 10:02 PM GMT
    And another 'poll'.. guess none of them are 'truth'...

    http://www.latimes.com/news/nationworld/nation/wire/sns-cnn-health-care-law-anniversary,0,4599411.story
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    Mar 23, 2011 10:21 PM GMT
    TropicalMark saidAnd another 'poll'.. guess none of them are 'truth'...

    http://www.latimes.com/news/nationworld/nation/wire/sns-cnn-health-care-law-anniversary,0,4599411.story


    Not sure why you'd say that... from your link:

    According to a CNN/Opinion Research Corporation survey released Wednesday, on the one year anniversary of the signing of the law, 37 percent of Americans support the measure, with 59 percent opposed. That's basically unchanged from last March, when 39 percent supported the law and 59 percent opposed the measure.


    Consistently and across the board, the healthcare act is deeply unpopular - the proponents of the bill believed in large measure - to the point of actually using procedural tricks to pass the bill, that people would like the bill after they became more familiar with what was in it. In fact, Nancy Pelosi specifically said that "we have to pass the bill so that you can find out what is in it":



    What's interesting about the polling is that one year later, polling is showing that people are either as unenthused if not even more unhappy over the bill. What's particularly interesting politically, and probably unanticipated is that the bill really galvanized the people who don't like the bill moreso than the ones who do - which is why you don't see strong (perhaps marginal at best) support for the bill on your traditional left wing sites.

    I'm sure you'd probably agree that it doesn't even accomplish many of the objectives proponents originally said it would and risks making things far more complicated than it was.
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    Mar 24, 2011 12:54 AM GMT
    riddler78 said
    TropicalMark saidAnd another 'poll'.. guess none of them are 'truth'...

    http://www.latimes.com/news/nationworld/nation/wire/sns-cnn-health-care-law-anniversary,0,4599411.story


    Not sure why you'd say that...

    Seems he doesn't understand that the sources he is citing contradict his own statements. icon_lol.gif
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    Mar 24, 2011 1:15 AM GMT
    southbeach1500 saidJust wait until all those families who earn less than $81,200 get that $10,000 annual subsidy from the Federal government so that they can purchase their own health insurance with government money (well, the money of the 48% of us who pay Federal taxes).

    If it's 5 million households (a very LOW estimate), that is an additional half a TRILLION dollars PER YEAR that the Federal government will need to borrow.

    In short, Obamacare - if not defunded and / or overturned by the courts once and for all - will destroy the country.


    How about we deduct the half a trillion from the 1.2 trillion we spend on war mongering and then use what's left over to pay down the deficit?
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    Mar 24, 2011 4:42 AM GMT
    TropicalMark said
    True_Blue_Aussie saidsmall business have a ligament fear that Obamacare will have a negative impact on jobs and the economy.
    You better fear your own 'ligaments'.. put the bottle down patty.


    was that meant to hurt; diddums you fail; again. Now whats got your knickers in a knot? But put the bottle down, it never hits the ground because red keeps taking it.

    I know you don't like the truth of what one said.