Why Some Can’t Wait for a Repeal of Obamacare

New York Times ^ | May 12, 2017 | By ABBY GOODNOUGH

[Oldeconomybuyer]

For Linda Dearman, the House vote last week to repeal the Affordable Care Act was a welcome relief.

Ms. Dearman, of Bartlett, Ill., voted for President Trump largely because of his contempt for the federal health law. She and her husband, a partner in an engineering firm, buy their own insurance, but late last year they dropped their $1,100-a-month policy and switched to a bare-bones plan that does not meet the law’s requirements. They are counting that the law will be repealed before they owe a penalty.

“Now it looks like it will be, and we’re thrilled about that,” Ms. Dearman, 54, said. “We are so glad to feel represented for a change.”

The voices of people like the Dearmans helped spawn a political movement after the passage of the health law seven years ago. But unlike the pro-Obamacare forces that have flooded congressional phone lines and town hall meetings, opponents of the health care law have been quieter as Mr. Trump and Republicans in Congress have worked to fulfill their promise to get rid of the law.

In interviews over the last few days, people who support repealing the Affordable Care Act pointed to their long-simmering resentment of its mandate that most Americans have health insurance or pay a tax penalty. Many also said that they could no longer afford the comprehensive coverage available on the individual market, and that they were eager to once again be allowed to choose skinnier policies without a penalty.

“Now I will no longer be expected to pay twice what I should for a product I don’t need and be treated like a criminal with a fine if I refuse,” said Edward Belanger, 55, a self-employed business appraiser in Dallas.

[Oldeconomybuyer]

Yes, this is from the failing NY Times.

[Liz]

ACA architect, MIT economics prof Jonathan Gruber, argued that ACA's perceived rising premium costs are really a one-time increase in 2016 to cover “massively underpriced” policies for the first two years of the 2010 law. He also said the increase “fixed” the problem because insurance companies were seeking signs of profitability and talking optimistically about continued participation in the program.

I guess Obama didn't let Gruber in on the "billion dollar secret." Probably Obama was depending on Gruber's stupidity (smirk).

"Now, I don't want you insurers to worry; when you start
losing money, we are going to jump in and bail you all out."

Obama Siphoned off GSE Dividends To Prop Up OBAMACARE

ZeroHedge ^ | April 2, 2017 / FR Posted on by Zakeet

Earlier this month, Harvard Ph.D. Jerome Corsi of InfoWars (@jerome_corsi) and a CPA "who worked for two years for a major U.S. accounting firm as an outside auditor for Freddie Mac," confirmed a 2012 scheme hatched by the Obama administration.

The audacious looting involved funnelling hundreds of billions in dividends from Government Sponsored Enterprises (GSE) Fannie Mae and Freddie Mac to prop up the failing Obamacare program - by paying subsidies to insurers to remain in the system. [Snip]

The conclusion reached by Corsi and others is that this was probably illegal. In fact, House Republicans actually sued the Obama Administration in 2014 over the fact that the subsidies to insurers weren't appropriated by congress and won, which the Obama administration appealed.

Zerohedge and the Atlanta Journal Constitution pointed out last week, the Trump administration has until May 22nd to decide whether or not to pursue the appeal: (Excerpt) Read more at zerohedge.com ...

[Liz]

ACA architect, MIT economics prof Jonathan Gruber, argued that ACA's perceived rising premium costs are really a one-time increase in 2016 to cover “massively underpriced” policies for the first two years of the 2010 law. He also said the increase “fixed” the problem because insurance companies were seeking signs of profitability and talking optimistically about continued participation in the program.

I guess Obama didn't let Gruber in on the "billion dollar secret." Probably Obama was depending on Gruber's stupidity (smirk).

"Now, I don't want you insurers to worry; when you start
losing money, we are going to jump in and bail you all out."

Obama Siphoned off GSE Dividends To Prop Up OBAMACARE

ZeroHedge ^ | April 2, 2017 / FR Posted on by Zakeet

Earlier this month, Harvard Ph.D. Jerome Corsi of InfoWars (@jerome_corsi) and a CPA "who worked for two years for a major U.S. accounting firm as an outside auditor for Freddie Mac," confirmed a 2012 scheme hatched by the Obama administration.

The audacious looting involved funnelling hundreds of billions in dividends from Government Sponsored Enterprises (GSE) Fannie Mae and Freddie Mac to prop up the failing Obamacare program - by paying subsidies to insurers to remain in the system. [Snip]

The conclusion reached by Corsi and others is that this was probably illegal. In fact, House Republicans actually sued the Obama Administration in 2014 over the fact that the subsidies to insurers weren't appropriated by congress and won, which the Obama administration appealed.

Zerohedge and the Atlanta Journal Constitution pointed out last week, the Trump administration has until May 22nd to decide whether or not to pursue the appeal: (Excerpt) Read more at zerohedge.com ...

[Liz]

The American Health Care Act (HR 1628) repeal passed by the House reduces taxes on the American people by over $1 trillion. The bill abolishes the following taxes imposed by Obama and the Democrat party in 2010 as part of Obamacare:

-Abolishes the Obamacare Individual Mandate Tax which hits 8 million Americans each year.

-Abolishes the Obamacare Employer Mandate Tax. Together with repeal of the Individual Mandate Tax repeal this is a $270 billion tax cut.

-Abolishes Obamacare’s Medicine Cabinet Tax which hits 20 million Americans with Health Savings Accounts and 30 million Americans with Flexible Spending Accounts. This is a $6 billion tax cut.

-Abolishes Obamacare’s Flexible Spending Account tax on 30 million Americans. This is a $20 billion tax cut.

-Abolishes Obamacare’s Chronic Care Tax on 10 million Americans with high out of pocket medical expenses. This is a $126 billion tax cut.

-Abolishes Obamacare’s HSA withdrawal tax. This is a $100 million tax cut.

-Abolishes Obamacare’s 10% excise tax on small businesses with indoor tanning services. This is a $600 million tax cut.

-Abolishes the Obamacare health insurance tax. This is a $145 billion tax cut.

-Abolishes the Obamacare 3.8% surtax on investment income. This is a $172 billion tax cut.

-Abolishes the Obamacare medical device tax. This is a $20 billion tax cut.

-Abolishes the Obamacare tax on prescription medicine. This is a $28 billion tax cut.

-Abolishes the Obamacare tax on retiree prescription drug coverage. This is a $2 billion tax cut.

As a presidential candidate in 2008, Barack Obama had promised repeatedly that he would not raise any tax on any American earning less than $250,000 per year. He broke the promise when he signed Obamacare. With the passage of the House GOP bill, tens of millions of middle income Americans will get tax relief from Obamacare’s long list of tax hikes.

[Liz]

THE ANTI-AMERICAN ROYAL IDIOT NEVER STOPPED LYING TO AMERICANS

As a presidential candidate in 2008, Barack Obama had promised repeatedly that he would
not raise any tax on any American earning less than $250,000 per year. He broke his
promise when he signed Obamacare.

Obama screws-over Americans. Pelosi and the Democrats are ecstatic.

[Grampa Dave]

This is why the NY Slimes is going ballistic re what might happen to Obamacare!

[Alberta's Child]

One of the challenges in repealing Obamacare is that its strongest critics fall into a pretty narrow demographic group in the U.S. Without even reading the full article I can tell you that most of the people quoted in it who are pushing for the repeal are in the 50-65 age range and are either self-employed or wealthy early retirees. These are the people who are paying the most ridiculous costs for insurance under Obamacare.

[Liz]

The NY Slimes was already half-cocked BEFORE the repeal........must be time to call the men in the white coats into the newsroom.

[Grampa Dave]

Looks like Pelosi is having an illegal sexual contact with Obama's chair re the look on her face!

[detsaoT]

Self-employed is the only qualifier that counts. A family plan that used to cost me $300 a year is over $1,500 today. But that doesn't piss me off as much as the "open enrollment period" lockout that prevents me from changing my insurance companies at any point that I feel they no longer serve me. Like when my doctors stopped accepting their plans.

Of course, my current provider just announced they're ending their business in Virginia, so I'm down to just one option left. In one of the wealthiest bubbles in the entire country.

The issue of course arises in the fact that very few Americans bother trying to be self-employed any longer due to the tax and paperwork burden that governments at all levels place on us. It's much easier to just go Galt and work a 9-5 job getting W-2 income at this point.

[dwg2]

I was sitting this morning waiting to have blood drawn at the Dr.’s office. Another guy was there and I heard him tell the tech he was glad maybe something would be done about Obamacare. He told the tech that before Obamacare, his health insurance was reasonable. But since he was forced on to Obamacare, his premium for health insurance was now more than his mortgage. Just one story. My wife has no coverage right now because she doesn’t qualify for it. They told her to get Medicaid, but she doesn’t qualify for that, so she is out of luck. This was never about health insurance. Money and power grab.

[detsaoT]

(meant a month, not a year)

[Alberta's Child]

I was in the exact same situation last year. I got an ObamaCare exemption by joining a religious health care cost-sharing group. For me, “going Galt” would mean pushing to keep ObamaCare in place as-is ... because in my industry I can thrive among competitors who have to operate under ObamaCare’s costly mandates.

[taildragger]

I know of 20 people that lost their policies, many small business men and women or independent contractors like the Dearman's. I know how they got screwed, and their insurance went into $10,000+ out of their own pocket vs a benefit. One in particular called me a great deal looking for an answer, all I could offer was moral support. One couple has since gone to a Christian Cost Sharing Ministry and are thumbing their nose at 0care. Note, and this isn't even getting into the stories I have heard of the effects of OCare and Dodd Frank combined, literally being the left right combo that made many a business close, they couldn't survive both hits.

You see this is what sucks about America at the moment. Scott Adams aka Mr Dillbert nailed it, we are in 2 different movie theaters. Our leftist friends and relatives, especially those on a screed on social media, do not know the Dearman's of the world, and how they have been effected.

I'll go one step further, these folks were not Obama voters, and I can't prove it, but the legislation went right at them, don't tell me that wasn't planned.

I stand with the Dearman's and all those I know that got whip sawed by this piece of crap legislation. Hopefully relief will be here soon...

[Brian Griffin]

Pelosi is a San Francisco Congresswoman.

The University of California at San Francisco is a leading drug development center.

San Francisco drug development fat cats are guaranteed billons by the PPACA.

“pre-existing conditions” <-> expensive drugs (and mental hospitalizations)

Lots of that money trickles down to her constituents.

If you were a Congresswoman and a federal law guaranteed billions for your district each year, you would be happy too.

[Principled]

i want it repealed bc i cannot afford to go to doc.

i have a $12500 deductible. So, I don’t get a benefit... unless i have a catastrophe... but they won’t let me buy a catastrophic policy. I have to pay a ton for the crap policy.

[Logical me]

This person may find some relief if only the idiot Republicans in both the House and Senate will get their ars in gear. It must be soon or this year is a loss in helping her.

[griswold3]

Same here.
Had a perfectly good catastrophic plan until 2010. Cost only $400/mo $5000 ded. had a $8M (each) limit.
Covered 100% after deductible and covered everything I needed. (Used to work as insurance billing clerk at a hospital, so I know)
Now, $1200/mo. $25,000 ded. (no limit of course) Lost my long time care provider. Can’t go out of ‘network’ and won’t be covered if I leave the state. ( We’re in the Transportation Business. )
After my last physical my doctor told me I was going to live forever. I didn’t know whether to laugh or cry.

[griswold3]

Dems continue to help their friends and punish their enemies.

[publius911]

Why Some Can’t Wait for a Repeal of Obamacare

What distant universe is this from?

According to the MSM wall to wall TV reports, all I see are the hysterical screaming indolent, who have never paid for anything, or whose genes perpetuate constant need for expensive permanent medical care; often several to many times.

I would like to see a tiny token contribution from everybody, from whatever source of income, yes, even imputed income (benefits in kind). Say, 2%?
I specially look forward to drivers of escalades with zero job experience, or stealers of identities.