Obamacare "bailout" will cost government...nothing since taxpayers will gain $8 billion profit

  • TroyAthlete

    Posts: 4269

    Feb 05, 2014 6:53 PM GMT
    http://thehill.com/blogs/on-the-money/budget/197367-cbo-now-says-obamacare-risk-corridors-help-deficit#ixzz2sTWMqBP5The non-partisan Congressional Budget Office (CBO) on Tuesday threw a potential wrench into House Republican plans to tie an elimination of ObamaCare risk corridors to the next debt-ceiling increase.

    The CBO now says that the program, which critics deride as an insurance "bailout," will earn the government $8 billion over the 2015 to 2017 period. Last May, the CBO said that the program had not net budgetary effect.

    The government will pay insurers $8 billion over the period but will collect $16 billion in return from companies, yielding a net benefit.

    The fact the program helps the budget could make GOP arguments against it more difficult and could require the party to find an offset in any bill repealing it.


    The media must have been embarrassed by their shoddy reporting on the CBO report yesterday due to being duped by right-wing Teathuglican talking points.
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    Feb 06, 2014 1:02 AM GMT
    Only if peeps sign up as projected , which so far has not happened. 79% of the enrolled are now subsided ......and they aren't young and healthy.
  • toughpup94

    Posts: 65

    Feb 06, 2014 1:49 AM GMT
    Obama ruined this country financially.
  • chadwick1985

    Posts: 391

    Feb 06, 2014 6:33 AM GMT
    southbeach1500 said
    toughpup94 saidObama ruined this country financially.


    Nice to see someone else here has figured it out too!



    He's done more than ruin our country financially. He has literally ruined how Americans will live for the next foreseeable future. I am 100% against OBAMACARE and believe it is one of many steps being taken by the Obama administration to move to a socialist nation.
  • TroyAthlete

    Posts: 4269

    Feb 08, 2014 5:25 PM GMT
    chadwick1985 said
    southbeach1500 said
    toughpup94 saidObama ruined this country financially.


    Nice to see someone else here has figured it out too!



    He's done more than ruin our country financially. He has literally ruined how Americans will live for the next foreseeable future. I am 100% against OBAMACARE and believe it is one of many steps being taken by the Obama administration to move to a socialist nation.


    Hopefully Rethuglicans nationwide will thus take this opportunity to relocate to a place more favorable to their worldview -- like Antarctica.
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    Feb 08, 2014 5:36 PM GMT
    TroyAthlete said
    chadwick1985 said
    southbeach1500 said
    toughpup94 saidObama ruined this country financially.


    Nice to see someone else here has figured it out too!



    He's done more than ruin our country financially. He has literally ruined how Americans will live for the next foreseeable future. I am 100% against OBAMACARE and believe it is one of many steps being taken by the Obama administration to move to a socialist nation.


    Hopefully Rethuglicans nationwide will thus take this opportunity to relocate to a place more favorable to their worldview -- like Antarctica.


    I'm not a republican but $1,000 a month for minimal health insurance is beyond my means so what am I supposed to do? Quit working so I can get subsidized insurance?
  • TroyAthlete

    Posts: 4269

    Feb 08, 2014 10:45 PM GMT
    Alpha13 said
    TroyAthlete said
    chadwick1985 said
    southbeach1500 said
    toughpup94 saidObama ruined this country financially.


    Nice to see someone else here has figured it out too!


    He's done more than ruin our country financially. He has literally ruined how Americans will live for the next foreseeable future. I am 100% against OBAMACARE and believe it is one of many steps being taken by the Obama administration to move to a socialist nation.


    Hopefully Rethuglicans nationwide will thus take this opportunity to relocate to a place more favorable to their worldview -- like Antarctica.


    I'm not a republican but $1,000 a month for minimal health insurance is beyond my means so what am I supposed to do? Quit working so I can get subsidized insurance?


    I don't know your situation, but a single middle-aged adult making $100,000 with no dependents, for example, would pay about $300/month for the most minimal plan through the California healthcare exchange (and about $650 a month for a "cadillac" plan). People making less would pay less, and people paying more will pay more. So I am curious about how much you make that makes a $1,000 plan both your minimum and unaffordable.
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    Feb 08, 2014 10:47 PM GMT
    chadwick1985 said
    southbeach1500 said
    toughpup94 saidObama ruined this country financially.


    Nice to see someone else here has figured it out too!



    He's done more than ruin our country financially. He has literally ruined how Americans will live for the next foreseeable future. I am 100% against OBAMACARE and believe it is one of many steps being taken by the Obama administration to move to a socialist nation.


    You should be most pleased by recent events then that show how incompetent the Obama Administration has been lol. I think he single handedly has built a new generation of libertarians icon_smile.gif
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    Feb 09, 2014 1:02 AM GMT
    riddler78 said
    You should be most pleased by recent events then that show how incompetent the Obama Administration has been lol. I think he single handedly has built a new generation of libertarians icon_smile.gif

    Keep complaining and by all means, keep posting your stupid "I hate the ACA" threads. I'm certain that if you just post enough, Congress will decide that it cares what a brain-damaged, morally corrupt Canadian in the grip of fantasy thinks.
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    Feb 09, 2014 1:11 AM GMT
    I will say that the quality of my life has improved enormously under President Obama. I am now married. My spouse and I are now covered with the security blanket that heterosexual married couples have always enjoyed. My total contribution to our joint healthcare coverage from my employer went up $9 per week. I was able to keep my doctor. The cost of some things went down, while the cost of others went up, which makes perfect sense. I am enormously grateful that Barack Obama is POTUS. I would block a bullet for this man, and I can assure you, I would never have said that for any other president in my lifetime.
  • Posted by a hidden member.
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    Feb 09, 2014 1:26 AM GMT
    My monthly insurance premiums have risen by $75.00 under the "Affordable Care Act" which is proving to be anything but affordable.
  • Posted by a hidden member.
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    Feb 09, 2014 1:33 AM GMT
    Premiums vs. coverage. You can't bitch about the premiums without discussing the coverage. You coverage has improved. Should you get hit by a bus driven by a psycho convervative on a rampage, you won't have a lifetime limit for care. You can remain hooked up to a life support system forever. I suspect it wouldn't be vastly different from your current situation.
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    Feb 09, 2014 1:40 AM GMT
    It doesn't really much matter because if you can't afford your monthly premiums. Oh...but if you don't have insurance you will be hit with a tax.
  • Posted by a hidden member.
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    Feb 09, 2014 1:41 AM GMT
    This was never not the case. Insurance has ALWAYS supplemented the costs of things we don't need personally. That's the point of insurance. It's a gamble. It's a gamble where you try to ensure that you won't go broke if you get sick. Insurance comes in many forms, car insurance, life insurance, home owners insurance, flood insurance, boat insurance and it's all there for very good reasons. For example, south beach, you might get your leg bitten off by a shark, in which case, hundreds of thousands of dollars would be needed for your fake leg and your rehabilitation. Unless you'd rather just bleed out on the beach, in which case, I'll bring my video cam and forget the gauze.
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    Feb 09, 2014 1:47 AM GMT
    Yeah, custom fit, by hocus pocus bullshit "insurance" providers. And get off your high moral bullshit horse about my closing thought before you get a nosebleed, you phoney baloney tough guy. You really should just prance outta town before some girl kicks your thonged ass.