Seven million will lose insurance under Obama health law

Posted in the Minneapolis Forum

Comments
1 - 7 of 7 Comments Last updated Feb 5, 2013

Since: Sep 11

Rogers, MN

|
Report Abuse
|
Judge it!
|
#1
Feb 5, 2013
 
Like we didn't see this coming. And so did Congress when they voted for it. They just didn't care. Their "cadillac" health coverage is safe and sound.

http://www.washingtontimes.com/blog/inside-po...
Maxamillion

Saint Paul, MN

|
Report Abuse
|
Judge it!
|
#2
Feb 5, 2013
 
Obama PROMISED nobody would be forced out of their insurance plans.

Broken promises.

Obama is untrustworthy.
Schmahl Spew

Minneapolis, MN

|
Report Abuse
|
Judge it!
|
#3
Feb 5, 2013
 

Judged:

1

1

1

Except that the story is totally untrue.
non-starter

Saint Paul, MN

|
Report Abuse
|
Judge it!
|
#4
Feb 5, 2013
 

Judged:

1

1

1

Schmahl Spew wrote:
Except that the story is totally untrue.
President Obama's health care law will push 7 million people out of their job-based insurance coverage — nearly twice the previous estimate, according to the latest estimates from the Congressional Budget Office released Tuesday.

CBO said that this year's tax cuts have changed the incentives for businesses and made it less attractive to pay for insurance, meaning fewer will decide to do so. Instead, they'll choose to pay a penalty to the government, totaling $13 billion in higher fees over the next decade.

But the non-partisan agency also expects fewer people to have to pay individual penalties to the IRS than it earlier projects, because of a better method for calculating incomes that found more people will be exempt.

Overall, the new health provisions are expected to cost the government $1.165 trillion over the next decade — the same as last year's projection.

Read more: http://www.washingtontimes.com/blog/inside-po...

Maybe it is not true, but I haven't seen anything to rebut it yet.

Since: Sep 11

Rogers, MN

|
Report Abuse
|
Judge it!
|
#5
Feb 5, 2013
 

Judged:

1

1

1

non-starter wrote:
<quoted text>
But the non-partisan agency also expects fewer people to have to pay individual penalties to the IRS than it earlier projects, because of a better method for calculating incomes that found more people will be exempt.
Someone help me understand what the hell "a better method for calculating incomes" means. If you make $20.00 an hour, is there some other mystical method of calculating that than $20.00 x 40hrs x 52wks?
ist

Duluth, MN

|
Report Abuse
|
Judge it!
|
#6
Feb 5, 2013
 
cantmakeitup wrote:
<quoted text>
Someone help me understand what the hell "a better method for calculating incomes" means. If you make $20.00 an hour, is there some other mystical method of calculating that than $20.00 x 40hrs x 52wks?
I'm pretty sure they mean income net of taxes, which is different for everyone because of our tax code. They must have come up with a system to calculate what 'sweet spot' percentage would result in being able to announce that less people would need to enroll in federal health plans.

The reality is that we won't know how many people will be on Obamacare until a) employers start dumping their plans for employees and b) cash strapped families navigate the sea of paperwork and bureaucracy to see if they qualify.
Amused Slew

Seattle, WA

|
Report Abuse
|
Judge it!
|
#7
Feb 5, 2013
 
Gotta LOVE blogs that predict disaster, right teabaggers ?? Nothing like actual proof, but who cares ?? LMAOROTFU~! My favorite part is they get paid for drama and you morons suck it up...

Tell me when this thread is updated: (Registration is not required)

Add to my Tracker Send me an email

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

•••
•••
•••

Minneapolis Jobs

•••
Enter and win $5000
•••
•••

Minneapolis People Search

Addresses and phone numbers for FREE

•••

Minneapolis News, Events & Info

Click for news, events and info in Minneapolis
•••

Personal Finance

Mortgages [ See current mortgage rates ]
•••