Seven million will lose insurance under Obama health law

[cantmakeitup]

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]

Obama PROMISED nobody would be forced out of their insurance plans.

Broken promises.

Obama is untrustworthy.

[Schmahl Spew]

Except that the story is totally untrue.

[non-starter]

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.

[cantmakeitup]

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]

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]

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...