CBO: Obamacare ‘delay’ will add $12 billion in debt, put another 500,000 on welfare

Now we get another bad news report from the Congressional Budget Office.

This time it's more ObamaCare 'decision' fallout that will cost taxpayers more money.

The dominoes keep 'a tumblin' in this fiasco.

It seems the delay in the employer reporting mandate will cause revenues to fall, and cause some people to receive more assistance.

One big question still looms.....

Is the 'delay' only for 'reporting' and still requires large employers to pay for insurance ?
Or, does the 'delay' include a delay in coverage also ?

Another question is whether the 'delays' in reporting also take employers 'off the hook' for penalties until 2015, or will they have to pay retroactive penalties later after the 'delayed' reporting is reported ?

It seems the 'answers' are more confusing than the 'questions'

Here is the Congressional Budget Office’s cost estimate of the Obama administration’s one-year employer mandate delay (which many believe will be repealed altogether.) The Obama administration’s unilateral decision to put off the mandate — after CEOs groused to the administration about the cost of implementation — will increase federal spending by $3 billion in 2014, reduce federal revenues by a net $9 billion, and add $12 billion more in debt than previously estimated.

CBO: Obamacare ‘delay’ will add $12 billion in debt, put another 500,000 on welfare

reply to post by xuenchen


Let's look at the original source.

All told, as a result of the announced changes and new final rules, roughly 1 million fewer people are expected to be enrolled in employment-based coverage in 2014 than the number projected in CBO’s May 2013 baseline, primarily because of the one-year delay in penalties on employers.

CBO: Analysis of the Administration’s Announced Delay of Certain Requirements Under the Affordable Care Act

So it would seem that yet again, the Employee of big business is getting shafted and the rest of us are picking up the tab for the Corporate Welfare State.

Well done bleeding heart conservatives. I'm proud of you.

reply to post by BritofTexas


Maybe I'm wrong, but wasn't it Obama and the HHS secretary that implemented the delay ?

Where are the 'conservatives' in that 'decision' ?

The law apparently allowed this.

reply to post by xuenchen


Aren't the Rabid Right Wingknuts trying to block it at every turn? Isn't that why the Employer Mandate was postponed?

(P.S. For the record, I'm not a huge fan of Obamacare. I want single payer.)

Originally posted by BritofTexas
reply to post by xuenchen

 

Aren't the Rabid Right Wingknuts trying to block it at every turn? Isn't that why the Employer Mandate was postponed?

(P.S. For the record, I'm not a huge fan of Obamacare. I want single payer.)

Can you show us where the Rabid Right Wingknuts DID the delay ?

According to Rabid Obama, it was the businesses saying the reporting procedures are too confusing and lengthy.

Obama and Aunt Kathy said "O.K."....

What is single payer ?

Rabid Right Wingknuts tr

How dare they!

Block that corporate product!

How bloody evil!

Of course the Potus delayed it because it was pure trash that many people are trying to get out of including it's enforcers the IRS, and others.

reply to post by BritofTexas


I don't know if u r a disinfo agent or just straight up dumb. Obama forced the delay in order to benefit from the mid term election. He doesn't want to shaft the population yet and lose the election, so he implimented the delay. This is all him.

Originally posted by neo96

Rabid Right Wingknuts tr

How dare they!

Block that corporate product!

How bloody evil!

Of course the Potus delayed it because it was pure trash that many people are trying to get out of including it's enforcers the IRS, and others.

I am taking from your post that you are concerned about having to buy health insurance. Oh, besides the job killing nature of it, you don't want to be forced to go out and buy it. Some times people need to be forced to do what they need to do. Should you ever get sick and I mean sick, with out it. It could be a serious bump in your road.And quit likely require some subsidy from us who are paying into the risk mitigation pool known as health insurance.

The drain of the health or sick care industry is becoming a tremendous drain and the costs do not reflect an acceptable profit or cost to revenue ratio. Bending this cost curve is the only solution. Doctors and especially hospitals are not going to be happy about this.

Originally posted by BritofTexas


So it would seem that yet again, the Employee of big business is getting shafted and the rest of us are picking up the tab for the Corporate Welfare State.

Well done bleeding heart conservatives. I'm proud of you.

You do know without Employers, there isn't ANY employees.........







But dont worry, you always have this to fall back on.............

reply to post by xuenchen

will increase federal spending by $3 billion in 2014, reduce federal revenues by a net $9 billion, and add $12 billion more in debt than previously estimated.

Can someone help me out with the wording in this statement?

Are they trying to label $9 billion in estimated and projected revenue from penalties that have never been collected before an actual debt? Since when is loss of "potential" income an actual debt?

It looks like I need to go view the whole report.

Originally posted by BritofTexas
reply to post by xuenchen

 

Aren't the Rabid Right Wingknuts trying to block it at every turn? Isn't that why the Employer Mandate was postponed?

(P.S. For the record, I'm not a huge fan of Obamacare. I want single payer.)

Partisan nonsense. Both sides are trying to # us over. Do not drink the kool aid, and stop pointing fingers at conservatives/liberals. This is what THEY want you to do instead of realizing that all of them are traitors.

Obama Solves Health Care Problem for Lawmakers, Staff

Basically, OPM needed to determine that the federal government could help pay the cost of premiums on the exchanges for Congressional employees.

www3.blogs.rollcall.com...

Originally posted by Stormdancer777
Obama Solves Health Care Problem for Lawmakers, Staff

Basically, OPM needed to determine that the federal government could help pay the cost of premiums on the exchanges for Congressional employees.

www3.blogs.rollcall.com...

sounds like we have a new term now....

"Super-Subsidies"

All we've been hearing is how great the "regular" subsidy and tax credits are going to be.

I just came across this statement and had to laugh, as well as share it...

When asked by the Times whether it was within his legal authority to unilaterally delay the employer mandate, Obama said he will take whatever administrative steps necessary to do what’s in the best interest of the American people where Congress fails to act.

“And if Congress thinks that what I’ve done is inappropriate or wrong in some fashion, they’re free to make that case,” he added. “But there’s not an action that I take that you don't have some folks in Congress who say that I’m usurping my authority. Some of those folks think I usurp my authority by having the gall to win the presidency. And I don’t think that’s a secret.

But ultimately, I’m not concerned about their opinions -- very few of them, by the way, are lawyers, much less constitutional lawyers.”

www.ibtimes.com...

It looks to me like Obama's definition of "very few" is about as accurate as how he defines the constitution.

The current Congress is comprised of 34% lawyers, which is the largest occupation in Congress right now.

Out of 535 members of Congress, 183 of them are lawyers and 130 of them are business people.

www.businessweek.com...

Brand me a pariah, but why do we even have a healthcare debate? Let Nature run its, trim off a little bit of our excess.

You don't tend to your teeth and an infected tooth kills you? Those are the breaks and your lack of attention to dental hygiene was a positive as it thinned you from the herd and hopefully before you passed on that weakness.

You hit age X and you need meds A, B & C to add a few more years to your life where even more $ will be spent? Let's not even give you meds A, B & C when you hit age X as that is when you were supposed to die. Nature has a perfect plan, we're supposed to live and then we are supposed to die.

Vaccines? Why? Completely allowing the less fit genetic lines survive when Nature's plan was for them to die.

Also why discourage smoking and poor eating habits? If someone isn't bright enough to realize that they are what they put into their body, why bother to discourage them & their ignorance as we have over 7 billion people clogging up the planet already.

Really, the chances of any of us being 'exceptional' are slimmer than that of the bible being true.

Derek

reply to post by Viesczy


But here's the thing... Our system is no longer "natural". Nature isn't as cut throat as people like to make it out to be - yes, snakes eat bunnies, but lions work together to bring down prey, and large predators who live in packs have been seen tending to older packmates by bringing them food. What is un-natural is playing King of the Hill in everything in our lives, and pretending like it matters who is at the top of the rubbish pile.

Just a FYI - I currently have an infected tooth. I do have dental insurance, but guess what? They still want 2000 US dollars to fix a small hole in my tooth. My husband and I will have to take out a loan to make sure I don't die from it; we both work, have reasonably well jobs, yet we still get slammed for more money when we need it the most. So even though I have done everything right, does that mean I should die because, like most Americans, I don't have 2000 in the bank?

I may be flamed for this, but at least Obamacare will provide -something-. I had to cancel my health insurance ( different than dental ) which was costing my husband 300 USD a month so we can have enough money to start saving for school and a new to us car. Right now I have panic attacks over what could happen to me if my tooth gets worse, or if I need to have an operation for some ongoing issues... It's not the best thing, but it's some thing, and even though I think Obama was a sad causality of the back room power struggle in Washington I will use Obamacare so I can, ya know, live a healthy life and stuff.

My husband and I are opting OUT. We will not be buying into obama care, we will not have anything to do with it at all. I have obtained a job where I'm paid under the table and my money will not be stolen from this "tax" enforced upon the populace for this sham that is being pulled on the American people. My husband is in the process of finding a job like mine, and from there we will network with friends, family and neighbors to buy sell or trade anything we need. Food, jobs, child care, and whatever else comes up. There are people out there who are not going to stand for this and we will not be enslaved.

Everyone in congress is EXEMPT from having to buy into obamacare and so shall I be as well.

They won't see a penny of my hard earned money for this pyramid scheme. It will go directly on my family, my kids, my bills, my food, my life.

reply to post by ScarletNyx


ObamaCare doesn't include dental work as far as I know.

Don't hold your breath.

reply to post by Starchildren




Finally, we hear a solution !!

Originally posted by ScarletNyx
reply to post by Viesczy

 

Just a FYI - I currently have an infected tooth. I do have dental insurance, but guess what? They still want 2000 US dollars to fix a small hole in my tooth. My husband and I will have to take out a loan to make sure I don't die from it; we both work, have reasonably well jobs, yet we still get slammed for more money when we need it the most. So even though I have done everything right, does that mean I should die because, like most Americans, I don't have 2000 in the bank?

I may be flamed for this, but at least Obamacare will provide -something-. I had to cancel my health insurance ( different than dental ) which was costing my husband 300 USD a month so we can have enough money to start saving for school and a new to us car. Right now I have panic attacks over what could happen to me if my tooth gets worse, or if I need to have an operation for some ongoing issues... It's not the best thing, but it's some thing, and even though I think Obama was a sad causality of the back room power struggle in Washington I will use Obamacare so I can, ya know, live a healthy life and stuff.

Would you please come back to this thread in 6 mos and then a year and let us know how that tooth problem worked out and how much YOU had to pay. (Obamacare doesn't cover dental). And if you wouldn't mind, let us know how much your new premiums are and what type of healthcare insurance you end up with.

Thanks