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View Full Version : Remember all the doom-and-gloom predictions of what the ACA would do to business?



Norman Bernstein
02-19-2015, 04:36 PM
It didn't happen.


“The biggest entitlement legislation in a generation is causing barely a ripple in corporate America,”Bloomberg (http://www.bloomberg.com/news/articles/2015-02-19/obamacare-proving-not-a-burden-to-u-s-from-chipotle-to-wal-mart) reports.

A review of conference-call transcripts and interviews finds the Affordable Care Act “is putting such a small dent in the profits of U.S. companies” that many refer to its impact as “not material” or “not significant.”

“That’s even after a provision went into effect this year requiring companies with 50 or more full-time workers to provide coverage, and after more workers are choosing to enroll in existing company coverage because of another requirement that all Americans get insured.”

Wonk Wire (http://wonkwire.rollcall.com/2015/02/19/republican-flip-flop-obamacare/): A GOP flip flop on Obamacare

Also: 8 ways Obamacare has proved it's critics wrong:

http://www.vox.com/2015/2/19/8069117/obamacare-critics-wrong

One example:

https://cdn1.vox-cdn.com/thumbor/lP03EsTiaMHd8LoWPSD-x9E6KvU=/800x0/filters:no_upscale()/cdn0.vox-cdn.com/uploads/chorus_asset/file/3424578/1-28-15bud__1_.0.0.png

BrianY
02-19-2015, 04:41 PM
Yah, but we spent $611 billion less than last year. Surely some businesses are suffering because of the lack of all that spending/lost revenue ? ? :p

Paul Pless
02-19-2015, 04:48 PM
A review of conference-call transcripts and interviews. . .wtf?

no seriously, wtf?

Norman Bernstein
02-19-2015, 04:51 PM
wtf?

Probably from intensive polling done via methods like establishing conference calls with major corporations, etc. If you're looking for a subjective answer ('How significant is the ACA on your economic bottom line?'), then you need to get a verbal response ('It really hasn't affected us very much, if at all')

Paul Pless
02-19-2015, 04:55 PM
why not real data? real numbers?

RonW
02-19-2015, 05:30 PM
DEMOCRATS BEG OBAMA TO BEND OBAMACARE RULES TO AVOID TAX PENALTIES FOR MILLIONS.

Three senior House Democrats are pleading with the Obama administration to bend the Obamacare rules to prevent their constituents and millions of Americans from being hit with Obamacare tax penalties.

Reps. Sander Levin (D-MI), Jim McDermott (D-WA), and Lloyd Doggett (D-TX) have strongly requested a special sign-up for the uninsured who will all be hit with a $325 fine or two percent of their income (whichever is higher) for failure to enroll in 2015. In 2016, the Obamacare tax penalty will be an average $1,100, reports the Associated Press. For 2014, the Obamacare tax was $95 or one percent of income.

“Open enrollment period ended before many Americans filed their taxes,” the three lawmakers said in a statement. “Without a special enrollment period, many people (who will be paying fines) will not have another opportunity to get health coverage this year.”

The lawmakers’ pleas come on the heels of a devastating New York Times article published last week titled, “Insured, but Not Covered,” which revealed that many Obamacare customers are hitting the harsh wall of reality about how expensive and flimsy their Obamacare plans truly are. As the Times notes, “A recent New York Times/CBS poll found that 46 percent of Americans said they had trouble affording health care, up 10 percentage points in just one year.”

Obamacare remains deeply unpopular. According to the RealClearPolitics average of polls, just 39% of Americans support Obama’s signature legislative achievement.

http://media.breitbart.com/media/2015/01/Obamacare-website-laptop-AP.jpg

http://www.breitbart.com/big-government/2015/02/16/democrats-beg-obama-to-bend-obamacare-rules-to-avoid-tax-penalties-for-millions/

S.V. Airlie
02-19-2015, 06:36 PM
Asking Obama for an extension or addition to the sign up period isn't nec. disgruntlement about Obamacare as a whole. It's a tweak!

Michael D. Storey
02-19-2015, 06:39 PM
Yah, but we spent $611 billion less than last year. Surely some businesses are suffering because of the lack of all that spending/lost revenue ? ? :p
Collecting taxes and then spending them works well to redistribute wealth, but it is not an efficient way to promote the growth of business.

ccmanuals
02-19-2015, 06:57 PM
wtf?

no seriously, wtf?

Business that trade publicly are required by law to have conference calls with their shareholders. You didn't know that?

ljb5
02-19-2015, 08:53 PM
Asking Obama for an extension or addition to the sign up period isn't nec. disgruntlement about Obamacare as a whole. It's a tweak!

Is it just me, or is Jamie really starting to make sense?

I hope this means you're overcoming those medical problems that were messing you up.

Keith Wilson
02-19-2015, 09:05 PM
An extension to the signup period? OMG! It's a disaster, going to destroy America! More people want to sign up and didn't have enough time! The horror, the horror! :D


Is it just me, or is Jamie really starting to make sense?He is indeed.


Collecting taxes and then spending them works well to redistribute wealth, but it is not an efficient way to promote the growth of business.WAY too simplistic. It depends a great deal on what taxes are spent on. For example, a good public educational system is an excellent long-term investment in a well-educated workforce. Efficient spending on roads and airports and bridges and high-speed internet and other infrastructure is often an good way to stimulate commerce. Other things we spend taxes on aren't so useful. The trillion-plus dollars we put into invading Iraq, for example, might as well have been burned in a bonfire on the mall in Washington for all the return we got.

Making sure that everybody gets good medical care might be an excellent use of tax money, if the experience of the rest of the civilized world is any indication. I'll post that awkward damn chart one more time, just so nobody forgets that the US spends twice the average of the developed countries on health care, for no better results. Systems vary a lot, but one major difference is that almost every other country finances a lot more of health care out of taxes. The US is the red line at the top, starting to flatten out recently.

http://s.wsj.net/public/resources/images/OB-YH203_HEALTH_G_20130723135724.jpg