Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Lounge > D.C.

Reply
 
Thread Tools Display Modes
Old 02-04-2014, 04:37 PM  
Loneiguana Loneiguana is offline
Veteran
 
Loneiguana's Avatar
 
Join Date: Nov 2012
Location: Springfield
Casino cash: $33161
What the CPO actually Said

You may want to sit down for this, because it may shock you, but...

Why the new CBO report on Obamacare is good news

Quote:
The Congressional Budget Office is out with its latest report on the Affordable Care Act, and here are a few bottom lines:
— The ACA is cheaper than it expected.
— It will "markedly increase" the number of Americans with health insurance.
— The risk-adjustment provisions, which Congressional Republicans want to overturn as a "bailout" of the insurance industry, will actually turn a profit to the U.S. Treasury.

Given all this, why are the first news headlines on the CBO report depicting it as calling Obamacare a job killer?

You can chalk up some of that to the crudity of headline-writing, and some to basic innumeracy in the press. But it's important to examine what the CBO actually says about the ACA's impact on the labor market. (You can find it at pages 117-127, excerpted here.)

The CBO projects that the act will reduce the supply of labor, not the availability of jobs. There's a big difference. In fact, it suggests that aggregate demand for labor (that is, the number of jobs) will increase, not decrease; but that many workers or would-be workers will be prompted by the ACA to leave the labor force, many of them voluntarily.

As economist Dean Baker points out, this is, in fact, a beneficial effect of the law, and a sign that it will achieve an important goal. It helps "older workers with serious health conditions who are working now because this is the only way to get health insurance. And (one for the family-values crowd) many young mothers who return to work earlier than they would like because they need health insurance. This is a huge plus."

The ACA will reduce the total hours worked by about 1.5% to 2% in 2017 to 2024, the CBO forecasts, "almost entirely because workers will choose to supply less labor — given the new taxes and other incentives they will face and the financial benefits some will receive." That translates into about 2.5 million full-time equivalents by 2024 — not the number of workers, because some will reduce their number of hours worked rather than leaving the workforce entirely.

The overall impact on the community will be muted, moreover, because most of that effect will be seen at the lowest levels of the wage-earning scale. The effect will be "small or negligible for most categories of workers," the CBO says, because there will be almost no impact on workers who get their insurance from their employers or who earn more than 400% of the federal poverty line (for a family of three, that's $78,120), the point at which eligibility for federal premium disappears.

As for labor demand, the CBO estimates that on balance, the ACA will increase aggregate demand for goods and services, in part by relieving lower-income people of the burden of health insurance or healthcare expenses, so they can increase their spending on other things. In turn, that will "boost demand for labor," especially in the near term, while the economy remains slack.

The rest of the CBO's economic and budgetary analysis has only modest changes from previous projections. It reduced its estimate of the net costs of the ACA by a vanishingly small $9 billion over 10 years compared to its previous estimate, issued in May. In part this is because many states failed to expand Medicaid, which would be almost entirely paid for by the federal government, and also because premiums are lower than it previously projected. Also, the problems of the healthcare.gov website reduced enrollments, cutting the government's bill for premium subsidies. Overall, the CBO reaffirmed its conclusion that that "the total effect of the ACA would be to reduce federal deficits."

The CBO report cuts the legs out from the GOP's attack on "risk corridors," a provision of the ACA that balances costs and expenses for insurance companies participating in the act by paying insurers whose coverage expenses exceed expectations by a certain margin in the first few years of the act, and collecting excess revenues from those whose expenses come in unexpectedly lower.

We've previously identified this GOP position as the most cynical attack on the ACA of all — the Republicans choose to call it a "bailout" of insurers; actually, it's a way of keeping premiums for some plans from getting out of hand, until the industry has more experience dealing with its new clientele. Unsurprisingly, the GOP is doubling down on this dishonesty by talking about eliminating the risk corridors as a condition for raising the federal debt limit.
The CBO, in any case, says that in 2015-2024, the government will pay out $8 billion in risk subsidies to the insurers but collect $16 billion. Real-world math says this is a gain to the Treasury of $8 billion; GOP math says it's a "bailout." You be the judge.

Regarding its most important bottom-line finding, the CBO says enrollment in individual insurance exchanges may reach only 6 million this year, down from its previous estimate of 7 million, thanks to the problems with the federal enrollment website, healthcare.gov. But it says enrollment will likely surge as the April 1 deadline for signing up approaches, and the 7-million goal is still attainable.

The ACA will increase the number of Americans with health insurance by 13 million this year, 20 million next year, and 25 million each year from then through 2024. Some 80% of those enrollees will be receiving federal subsidies to keep their coverage affordable.
There will be fewer uninsured people living in the United States, and most of those with individual coverage will be getting help to pay for it. Is there another other conclusion to draw from those statistics than the Affordable Care Act is working?
http://www.latimes.com/business/hilt...#axzz2sOnNHEGd
Posts: 3,625
Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.Loneiguana would the whole thing.
  Reply With Quote
Old 02-04-2014, 07:06 PM   #16
fan4ever fan4ever is offline
Veteran
 
fan4ever's Avatar
 

Join Date: Oct 2002
Location: Scottsdale, AZ
Casino cash: $45138
Quote:
Originally Posted by BucEyedPea View Post
Sounds like a good gig. Remember, there was a time when people didn't retire at all.
That will be my life...but then again, I don't know what I'd do with myself unless I was working.
__________________
“It's easier to fool people than to convince them that they have been fooled.” - Mark Twain
Posts: 4,096
fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.fan4ever Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 02-04-2014, 07:17 PM   #17
chiefzilla1501 chiefzilla1501 is offline
MVP
 

Join Date: Aug 2008
Casino cash: $127044
Just curious. Does the CBO account for all the money they've invested in consultants and marketing? I find it very hard to believe that it did. Because they spent an assload of money trying to convince young people to sign up.
Posts: 19,630
chiefzilla1501 is too fat/Omaha.chiefzilla1501 is too fat/Omaha.chiefzilla1501 is too fat/Omaha.chiefzilla1501 is too fat/Omaha.chiefzilla1501 is too fat/Omaha.chiefzilla1501 is too fat/Omaha.chiefzilla1501 is too fat/Omaha.chiefzilla1501 is too fat/Omaha.chiefzilla1501 is too fat/Omaha.chiefzilla1501 is too fat/Omaha.chiefzilla1501 is too fat/Omaha.
  Reply With Quote
Old 02-04-2014, 07:42 PM   #18
HonestChieffan HonestChieffan is offline
Country Santa Year Around
 
HonestChieffan's Avatar
 

Join Date: Jan 2006
Location: In the Country in MO
Casino cash: $1264215
Quote:
Originally Posted by chiefzilla1501 View Post
Just curious. Does the CBO account for all the money they've invested in consultants and marketing? I find it very hard to believe that it did. Because they spent an assload of money trying to convince young people to sign up.

They got Lone and Cosmo
__________________
Frazod to KC Nitwit..."Hey, I saw a picture of some dumpy bitch with a horrible ****tarded giant back tattoo and couldn't help but think of you." Simple, Pure, Perfect. 7/31/2013

Dave Lane: "I have donated more money to people in my life as an atheist that most churches ever will."

Come home to Jesus Dave. Come home.
Posts: 27,909
HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.
  Reply With Quote
Old 02-04-2014, 07:44 PM   #19
HonestChieffan HonestChieffan is offline
Country Santa Year Around
 
HonestChieffan's Avatar
 

Join Date: Jan 2006
Location: In the Country in MO
Casino cash: $1264215
Nancy said it would create 400,000 jobs……but the bitch is nuts.


__________________
Frazod to KC Nitwit..."Hey, I saw a picture of some dumpy bitch with a horrible ****tarded giant back tattoo and couldn't help but think of you." Simple, Pure, Perfect. 7/31/2013

Dave Lane: "I have donated more money to people in my life as an atheist that most churches ever will."

Come home to Jesus Dave. Come home.
Posts: 27,909
HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.
  Reply With Quote
Old 02-04-2014, 08:04 PM   #20
HonestChieffan HonestChieffan is offline
Country Santa Year Around
 
HonestChieffan's Avatar
 

Join Date: Jan 2006
Location: In the Country in MO
Casino cash: $1264215
Shit now Reuters are saying it. Damn right wing nut case Reuters…..
__________________
Frazod to KC Nitwit..."Hey, I saw a picture of some dumpy bitch with a horrible ****tarded giant back tattoo and couldn't help but think of you." Simple, Pure, Perfect. 7/31/2013

Dave Lane: "I have donated more money to people in my life as an atheist that most churches ever will."

Come home to Jesus Dave. Come home.
Posts: 27,909
HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.
  Reply With Quote
Old 02-04-2014, 08:05 PM   #21
cosmo20002 cosmo20002 is offline
Debunking your bullshit
 
cosmo20002's Avatar
 

Join Date: Aug 2002
Location: KC area
Casino cash: $121637
Quote:
Originally Posted by HonestChieffan View Post
Retired in todays world does not mean a reduction in employment. I am retired from one career. I have a second I have not retired from. I was rehired by my previous employer in a consulting role. And I have an independent business doing research consulting and product development.

The days of retirement meaning not working are long gone.

What is it you do?
What you do wasn't the point. You said leaving the workforce is always bad, but people do actually retire in the conventional way as well.

What do I do? Paid shill--everyone knows that.
__________________
Quote:
Originally Posted by Chris616 View Post
As long as Jesus Christ was the president of the US and approved of it Yes.
Posts: 17,326
cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.
  Reply With Quote
Old 02-04-2014, 08:07 PM   #22
mlyonsd mlyonsd is offline
Supporter
 

Join Date: Aug 2000
Location: Spink, SD
Casino cash: $53984
Quote:
Originally Posted by cosmo20002 View Post
What you do wasn't the point. You said leaving the workforce is always bad, but people do actually retire in the conventional way as well.

What do I do? Paid shill--everyone knows that.
Obama pays you for this?
Posts: 24,867
mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.
  Reply With Quote
Old 02-04-2014, 08:09 PM   #23
HonestChieffan HonestChieffan is offline
Country Santa Year Around
 
HonestChieffan's Avatar
 

Join Date: Jan 2006
Location: In the Country in MO
Casino cash: $1264215
Quote:
Originally Posted by cosmo20002 View Post
What you do wasn't the point. You said leaving the workforce is always bad, but people do actually retire in the conventional way as well.

What do I do? Paid shill--everyone knows that.
What your point is never the case when confronted with reality


I was honest and upfront with you….what do you do?
__________________
Frazod to KC Nitwit..."Hey, I saw a picture of some dumpy bitch with a horrible ****tarded giant back tattoo and couldn't help but think of you." Simple, Pure, Perfect. 7/31/2013

Dave Lane: "I have donated more money to people in my life as an atheist that most churches ever will."

Come home to Jesus Dave. Come home.
Posts: 27,909
HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.
  Reply With Quote
Old 02-04-2014, 08:12 PM   #24
KC native KC native is offline
a toda madre o un desmadre
 
KC native's Avatar
 

Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $1069715
Quote:
Originally Posted by HonestChieffan View Post
Retired in todays world does not mean a reduction in employment. I am retired from one career. I have a second I have not retired from. I was rehired by my previous employer in a consulting role. And I have an independent business doing research consulting and product development.

The days of retirement meaning not working are long gone.

What is it you do?
Selling thrifty nickel ads on a 1099 basis isn't product development.
__________________
The diameter of your knowledge is the circumference of your actions. Ras Kass

Quote:
Originally Posted by Iowanian View Post
I'm just a little pussy from Iowa
Posts: 16,816
KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.KC native Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 02-04-2014, 09:23 PM   #25
patteeu patteeu is offline
The 23rd Pillar
 
patteeu's Avatar
 

Join Date: Sep 2002
Casino cash: $473425
Free agents = people discouraged from working by social safety web.
__________________


"I'll see you guys in New York." ISIS Caliph Abu Bakr al-Baghdadi to US military personnel upon his release from US custody at Camp Bucca in Iraq during Obama's first year in office.
Posts: 75,743
patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.
  Reply With Quote
Old 02-04-2014, 09:41 PM   #26
cosmo20002 cosmo20002 is offline
Debunking your bullshit
 
cosmo20002's Avatar
 

Join Date: Aug 2002
Location: KC area
Casino cash: $121637
Quote:
Originally Posted by mlyonsd View Post
Obama pays you for this?
Oh yeah, sure...everyone knows that. You guys shill for free...suckers.
__________________
Quote:
Originally Posted by Chris616 View Post
As long as Jesus Christ was the president of the US and approved of it Yes.
Posts: 17,326
cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.cosmo20002 is obviously part of the inner Circle.
  Reply With Quote
Old 02-04-2014, 09:50 PM   #27
nstygma nstygma is offline
Veteran
 
nstygma's Avatar
 

Join Date: Nov 2008
Location: Ώ
Casino cash: $53505
Sorry if this has been covered somewhere.
Anyone have a chart or any figures of ACA plan costs post-tax $$ vs Employer-based plans paid from pre-tax money?
Posts: 2,186
nstygma 's adopt a chief was Sabby Piscitellinstygma 's adopt a chief was Sabby Piscitellinstygma 's adopt a chief was Sabby Piscitellinstygma 's adopt a chief was Sabby Piscitellinstygma 's adopt a chief was Sabby Piscitellinstygma 's adopt a chief was Sabby Piscitellinstygma 's adopt a chief was Sabby Piscitellinstygma 's adopt a chief was Sabby Piscitellinstygma 's adopt a chief was Sabby Piscitellinstygma 's adopt a chief was Sabby Piscitellinstygma 's adopt a chief was Sabby Piscitelli
  Reply With Quote
Old 02-04-2014, 10:40 PM   #28
aturnis aturnis is offline
MVP
 
aturnis's Avatar
 

Join Date: Apr 2001
Location: Iowa
Casino cash: $93330
How is people leaving the workforce a bad thing? You know someone will take their place right? Even when people willfully choose to work part time, the employer will need to hire somebody to pick up those extra 20hrs.

More Jobs = less unemployment

Only a republican could tell you one day that 2 job openings at $7.25 is better than 1 job opening at $14.50. Then the next, tell you that 1 job at 40hrs/week is better than 2 jobs at 20hrs/week.
Posts: 10,575
aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 02-04-2014, 10:44 PM   #29
aturnis aturnis is offline
MVP
 
aturnis's Avatar
 

Join Date: Apr 2001
Location: Iowa
Casino cash: $93330
Quote:
Originally Posted by patteeu View Post
Free agents = people discouraged from working by social safety web.
What's wrong with freeing up jobs for those in need of them?

How is being able to work, contribute to society by paying taxes, and having more time to focus on the well-being of your family all while prospering a bad thing?

It's okay for people born into money but to good for my spouse?
Posts: 10,575
aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.aturnis Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 02-04-2014, 10:57 PM   #30
patteeu patteeu is offline
The 23rd Pillar
 
patteeu's Avatar
 

Join Date: Sep 2002
Casino cash: $473425
Quote:
Originally Posted by aturnis View Post
What's wrong with freeing up jobs for those in need of them?

How is being able to work, contribute to society by paying taxes, and having more time to focus on the well-being of your family all while prospering a bad thing?

It's okay for people born into money but to good for my spouse?
Your spouse can do whatever he/she wants. But I don't want a social welfare system that encourages people to choose subsidies over work.
__________________


"I'll see you guys in New York." ISIS Caliph Abu Bakr al-Baghdadi to US military personnel upon his release from US custody at Camp Bucca in Iraq during Obama's first year in office.
Posts: 75,743
patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -6. The time now is 03:36 AM.


Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.