Posted on 11/01/2013 3:08:56 PM PDT by aimhigh
There has been plenty of news about health insurance premium and deductible increases. The focus has been on the impact to the individual households. What hasn't been mentioned is the impact on the economy as a whole. If the average family sees their disposable income reduced by 10 to 30%, the negative impact on the nation's economy will be huge.
The greatest impact would be in the first 4 months of the year, as disposable income gets redirected to pay deductibles.
“The greatest impact would be in the first 4 months of the year, as disposable income gets redirected to pay deductibles.”
The greatest impact is the premiums... deductibles for these policies are unlikely to be hit in a year for most folks.
It isn't consumption that drives the economy [contrary to popular opinion]. The shift in consumer spending from one area to another results in a net nothing to GDP.
Where Obamacare will harm the economy is by curtailing production. Entrepreneurs are not investing their capital in new production or expansion of existing production for fear of what the future may bring. This is resulting in fewer jobs and lower incomes for those who keep theirs.
Capital growth creates economic growth. Obamacare is consuming capital.
I’ve been saying this all along. You take hundres a month more out of a family pocket and that money isnt going to eating out, movies, shopping or other private sector businesses.
Economy will be IMO hit by lightening with Obamacare.
The greatest destructive force on families will be the deductible. The current thought that a major use of hospitals will be if the cost of the service is over the deductible they will ask the that amount in cash before the service. Emergent service could result in the hospital suing the family if they do not have ready cash. I heard a cancer victim deductible was 34,000. This could bankrupt most all middle class. The poor will be on Medicare and the rich don’t give a shi!.
It will be a Hard Candy Christmas
Tax increases are deflationary. Obamacare’s mandate is a form of tax, but not even recorded as such for many people.
We’ll see spending crash, and federal income drop.
So those folks who take part in Obamacare will still have to foot the full bill for their monthly premium(s).
I have a feeling 2014 will be a terrible year for the economy (hopefully, the GOP can take advantage of it in the midterms, but this is the GOP we're talking about), and the sticker shock will also have a negative impact on this year's Holiday season, as well.
It will be a Hard Candy Christmas
I don’t speak to liberals. I don’t have liberal friends. It would almost be worth speaking to liberals again just to hear them cry. Almost.
Subsidies will be advanced to the carriers. Insured people will pay only their part.
Another thing; for Medicare Advantage you are forced to choose a doctor. Are there even doctors to be chosen in Obamacare?
That is incorrect
The subsidy (aka your and my tax money) is sent to the insurance company and the insured person only pays the difference.
http://www.csmonitor.com/USA/DC-Decoder/2013/1001/Obamacare-101-how-the-federal-subsidy-works-video
I've heard otherwise, yet again just today. But who the hell really knows for sure, what with 2,500 pages of law and more than 20,000 additional pages (so far, and exploding by the day!) of implementing regulations? Fact is, *nobody* knows *anything* for sure. And this is by design.
It will give that nutjob Yellen an excuse for yet another -- more aggessive!!! -- round of quantitative easing. Further destruction of our currency, all in line with Cloward-Piven.
Send me a link (that you heard from) and I’ll investigate.
I showed my basis for commenting.
I heard it this morning on the Chris Plante show, on WMAL, maybe the second hour. I don’t recall him citing his source.
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