CBO Says Obamacare is Not Imploding

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  • Arizona Bay
    Molecules of Freedom
    • Feb 2011
    • 6524

    CBO Says Obamacare is Not Imploding

    Contrary to the 45 Gang's spew...

    Unless they sabotage it, which is well within the scope of possibility.

    CBO says the Affordable Care Act will stabilize

    Over the past year, the Affordable Care Act’s marketplaces for individual health insurance purchases have been rocked by a series of bad stories. A lot of insurers have raised premiums, and a lot of insurers have decided to stop participating in the program, which encourages those that remain to raise premiums. The higher premiums mean that for a certain number of more affluent and relatively healthy consumers, it makes financial sense to simply pay the penalty rather than purchase insurance. Removing relatively health consumers from the marketplace, in turn, encourages higher premiums.

    If that cycle were to simply continue unabated, the law really might implode. But CBO says that’s not what’s happening:

    Under current law, most subsidized enrollees purchasing health insurance coverage in the nongroup market are largely insulated from increases in premiums because their out-of-pocket payments for premiums are based on a percentage of their income; the government pays the difference. The subsidies to purchase coverage combined with the penalties paid by uninsured people stemming from the individual mandate are anticipated to cause sufficient demand for insurance by people with low health care expenditures for the market to be stable.


    Translating from wonk-ese, the subsidies offered to lower-income people under ACA are scaled both to income and to the local price of health insurance. Which means that for heavily subsidized customers, the higher premiums don’t drive people out of the marketplace. And there are enough young and healthy people who qualify for generous subsidies to ensure a stable long-term risk pool.

    The ACA’s most enthusiastic proponents had higher aspirations for the marketplaces than that. But the point is that this is still a stable and workable outcome. There is no implosion that people need rescuing from.


    http://www.vox.com/policy-and-politics/2017/3/14/14921594/obamacare-implosion-ahca
    Greg H. - from before the great crash, 20th century member 108

    "(T)he Republican Party no longer recognizes the legitimacy of any opposition."
  • McMike
    Senior Member
    • Oct 2009
    • 11721

    #2
    Re: CBO Says Obamacare is Not Imploding

    Lol, the only way Trump and the Republicians don't fail is if they do single payer.
    In the US this perverted idea of “blood and soil” over “constitutional principles” is the most radical and anti-democratic and anti-Conservative idea I have heard in my lifetime.

    ~C. Ross

    Comment

    • Arizona Bay
      Molecules of Freedom
      • Feb 2011
      • 6524

      #3
      Re: CBO Says Obamacare is Not Imploding

      This is their chance to do something positive for the US citizens, it could be the first in who knows how many generations.

      Slim chance, but the possibility is growing.
      Greg H. - from before the great crash, 20th century member 108

      "(T)he Republican Party no longer recognizes the legitimacy of any opposition."

      Comment

      • Arizona Bay
        Molecules of Freedom
        • Feb 2011
        • 6524

        #4
        Re: CBO Says Obamacare is Not Imploding

        Just a reminder to those that are awaiting its failure.
        Greg H. - from before the great crash, 20th century member 108

        "(T)he Republican Party no longer recognizes the legitimacy of any opposition."

        Comment

        • jack grebe
          Misunderstood
          • Feb 2001
          • 13530

          #5
          Re: CBO Says Obamacare is Not Imploding

          Originally posted by Arizona Bay
          Just a reminder to those that are awaiting its failure.
          Yeah....... And while we're at it, let's talk about how Hillary can't lose.
          Originally posted by George Jung
          Don't under-estimate Jack. He's purty damned talented

          Comment

          • David G
            Senior Member
            • Dec 2003
            • 89764

            #6
            Re: CBO Says Obamacare is Not Imploding

            Wait... are you saying... D.Tramp LIED??? Tell me it ain't so.
            David G
            Harbor Woodworks
            https://www.facebook.com/HarborWoodworks/

            "It was a Sunday morning and Goddard gave thanks that there were still places where one could worship in temples not made by human hands." -- L. F. Herreshoff (The Compleat Cruiser)

            Comment

            • oznabrag
              Historical Illiterate
              • Nov 2008
              • 40798

              #7
              Re: CBO Says Obamacare is Not Imploding

              Originally posted by jack grebe
              Yeah....... And while we're at it, let's talk about how Hillary can't lose.
              Rattling the teacups.

              Comment

              • Arizona Bay
                Molecules of Freedom
                • Feb 2011
                • 6524

                #8
                Re: CBO Says Obamacare is Not Imploding

                I doubt the CBO was tasked with predicting the elections.

                But, I would like the Clinton clan to just go away quietly back to the woods.
                Greg H. - from before the great crash, 20th century member 108

                "(T)he Republican Party no longer recognizes the legitimacy of any opposition."

                Comment

                • Norman Bernstein
                  Liberaltarian
                  • Nov 2004
                  • 25217

                  #9
                  Re: CBO Says Obamacare is Not Imploding

                  The real question is this: since Trump is fully invested in seeing Obamacare fail, what executive actions will he, or his HHS lackey, make, to try to MAKE it fail?
                  "Reason and facts are sacrificed to opinion and myth. Demonstrable falsehoods are circulated and recycled as fact. Narrow minded opinion refuses to be subjected to thought and analysis. Too many now subject events to a prefabricated set of interpretations, usually provided by a biased media source. The myth is more comfortable than the often difficult search for truth."






                  Comment

                  • Keith Wilson
                    Trying to be reasonable
                    • Oct 1999
                    • 64122

                    #10
                    Re: CBO Says Obamacare is Not Imploding

                    Originally posted by jack grebe
                    Yeah....... And while we're at it, let's talk about how Hillary can't lose.
                    Dear Mr. Grebe:

                    We regret to inform you that as of 3-17-17 you have used the 'Hillary Prediction Fallacy' 3,141 times, and have exceeded the number of permissible uses for any single logical fallacy. We must insist that in the future you desist from using this particular fallacy. There are many other fallacies to choose from, including the ever-popular Ad Hominem, the old standby Tu Quoque, and many others. Thank you for your consideration in this matter.

                    Sincerely,
                    Grubb, Grubb, Pinchfeather and Snit, LLC
                    Last edited by Keith Wilson; 03-27-2017, 11:13 AM.
                    "For a successful technology, reality must take precedence over public relations,
                    for nature cannot be fooled."

                    Richard Feynman

                    Comment

                    • Canoez
                      Did I say that out loud?
                      • Sep 2007
                      • 20615

                      #11
                      Re: CBO Says Obamacare is Not Imploding

                      Originally posted by Norman Bernstein
                      The real question is this: since Trump is fully invested in seeing Obamacare fail, what executive actions will he, or his HHS lackey, make, to try to MAKE it fail?
                      They've been working at it for 7 years, so nothing really new.

                      Thinking about it, if they haven't been able to make it fail in that period of time, with all of the efforts of the Republican Party to kill it, it must be a fairly robust and successful piece of legislation. (Either that, or it says something about the Republican Party.)
                      "The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails."
                      -William A. Ward

                      Comment

                      • Glen Longino
                        Senior Member
                        • Jun 2008
                        • 28863

                        #12
                        Re: CBO Says Obamacare is Not Imploding

                        Originally posted by Keith Wilson
                        Dear Mr. Grebe:

                        We regret to inform you that as of 3-17-17 you have used the 'Hillary Prediction Fallacy' 3,141 times, and have exceeded the number of permissible uses for any single logical fallacy. We must insist that in the future you desist from using this particular fallacy. There are many other fallacies to choose from, including the ever-popular Ad Hominem, the old standby Tu Quoque, and many others. Thank you for your consideration in this matter.

                        Sincerely,
                        Grubb, Grubb, Pinchfeather and Snit, LLC

                        Comment

                        • TomF
                          Recalcitrant Heretic
                          • Jun 2003
                          • 50978

                          #13
                          Re: CBO Says Obamacare is Not Imploding

                          Don't forget "No True Scotsman."
                          If I use the word "God," I sure don't mean an old man in the sky who just loves the occasional goat sacrifice. - Anne Lamott

                          Comment

                          • Gerarddm
                            #RESIST
                            • Feb 2010
                            • 32468

                            #14
                            Re: CBO Says Obamacare is Not Imploding

                            And the word is out today that Aetna didn't pull out of ACA because they couldn't make any money, they pulled out in a snit because their mega-merger was blocked.

                            Single payer, baby. Screw the insurance companies.
                            Gerard>
                            Albuquerque, NM

                            Next election, vote against EVERY Republican, for EVERY office, at EVERY level. Be patriotic, save the country.

                            Comment

                            • Too Little Time
                              Senior Member
                              • Feb 2014
                              • 12740

                              #15
                              Re: CBO Says Obamacare is Not Imploding

                              Originally posted by Arizona Bay
                              Contrary to the 45 Gang's spew...
                              You might consider the counties with one 1 insurer. That is certainly not healthy.

                              You might consider the ACA policies where few or no local facilities are in network. That does not seem good to me.

                              To paraphrase the CBO: As long as the government throws money into the pot, there are no problems.


                              But the current big healthcare problem is due to Trump. Delaying visas for recent medical students who need to get to their new jobs and practice in rural areas.
                              Life is complex.

                              Comment

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