Health Insurance Myth

[Justyntym]

940 billion is a pipe dream...2.5 trillion is more like it...and then some.

The other issue is...IT'S INSURANCE were talking about not healthcare.

Take for example the illegals...they estimate between 11-25 million...one of them
(or however many, lets say a million) get hurt and go to the emergency room.
They get free healthcare now, but what were talking about is paying to insure
the other 24 million IN CASE THEY GO (and if they did go...it'd be free for
them ANYWAY).

It's not about healthcare for the poor...it's about the govt' control...period.

 

[BenWoj42]

HOWEVER....the govt' getting involved will only make all things WORSE and
more expensive. You can not subsidise and insure 30 million people, some with pre-existing
expensive conditions and make things cheaper or care better. It defies all
common sense. (even if it weren't the govt, who multiplies waste 100 fold).
Insurance will go up, taxes must go up...and the deficit will still go up.

I watched a guy last nite (can't remember his name) who predicted that
since Obama appointed a "deficit reduction committee" (gee, this is rocket science )
which is scheduled to report (note the time) AFTER the November elections,
he predicted...get ready for a national sales tax (ta-dah). He stated, Obama is
not dumb and can see Amerika going over a financial cliff and Europe has a national
sales tax...so what if he's right.

Those that pay health insurance got to pay more...on top of....additional taxes
and even that will not be enough...a possible national sales tax...all to fund
little johnny's mom to give her free health care.

big note...pay attention to this one...NOTHING IS FREE, EVERYTHING COST SOMEONE SOMETHING!

Also...lets factor in the next piece of Social legislation...Illegal immigration,
progressive code speak for "amnesty" because the Dems will need votes fast.

And now your 30 million uninsured just balloned to 45-55 million tomorrow...blow that out
your deficit.

Still think it's a good idea ???

The govt' does nothing well and only serves itself. Stop walking around blaming
others with your hands out.

Where to start.......

Currently, the insurance company pays $.08 on every dollar you give them towards your medical bills. With this new bill, it will require the insurance company to pay $.80 on every dollar. If they charge you more and they dont spend $.80 on every dollar you gave them, they have to refund the money back to you. Now that would be a 1000% incease of spending.

Now since your paying the medical bills for the uninsured as is, what they are going to do is have everyone pay a small % of their income towards health insurance. I believe its 4 -5 % from 14 - 80k and there are also subsidies for this income range. So now in stead of you paying 100% of the uninsureds medical bills, your paying a smaller amount of it. If they decided they dont want to purchse insurance, they'll be taxed a percentage to pay for it. This is to pay for any medical visitys they may have in the future, and if they dont, well lucky them!

So, so far we have a 1000% increase in what the insurance company has to pay, and you have the unisured paying a small %.

Not only are they adding new patience who have pre-conditions that aren't really pre-condiction (women with c sections, raped (yeah thats right), asthma, breast cancer surviver, ect) which may not even need treatment again will add into the pot.

Sure, the high risked patience will have to pay more, but right now they dont even have a chance to pay.

Consider yourself lucky that the only thing you had to worry about was trying to fall asleep. Imagine the people who were denied by the insurance company who have diabetes, or cancer and were only getting payed $7.50 an hour. Either you pay for treatment and go hungry, or you skip your treatment and eat.


Wow, you come up with some crazy info. Where do you find it?(link if your not just speaking from nowhere)
To fill you in a bit about the amnesty bill.....
Under the plan Congress will provide temporary worker programs and a path to citizenship for an estimated 12 million people currently living in the U.S. illegally. In return, the illegal aliens must take a number of steps such as pay back taxes and fines, learn English and pass criminal background checks.

Cheers!

 

[BenWoj42]

940 billion is a pipe dream...2.5 trillion is more like it...and then some.

The other issue is...IT'S INSURANCE were talking about not healthcare.

Take for example the illegals...they estimate between 11-25 million...one of them
(or however many, lets say a million) get hurt and go to the emergency room.
They get free healthcare now, but what were talking about is paying to insure
the other 24 million IN CASE THEY GO (and if they did go...it'd be free for
them ANYWAY).

It's not about healthcare for the poor...it's about the govt' control...period.

If you have a problem with illegals here, maybe your beef should be with the companies that hire them.

Do you think that if an illegal gets hurt here, they shouldn't get medical treatment? Your starting to make America sound like a barbarick country.

 

[J'Man]

Where to start.......

Currently, the insurance company pays $.08 on every dollar you give them towards your medical bills. With this new bill, it will require the insurance company to pay $.80 on every dollar. If they charge you more and they dont spend $.80 on every dollar you gave them, they have to refund the money back to you. Now that would be a 1000% incease of spending.

Now since your paying the medical bills for the uninsured as is, what they are going to do is have everyone pay a small % of their income towards health insurance. I believe its 4 -5 % from 14 - 80k and there are also subsidies for this income range. So now in stead of you paying 100% of the uninsureds medical bills, your paying a smaller amount of it. If they decided they dont want to purchse insurance, they'll be taxed a percentage to pay for it. This is to pay for any medical visitys they may have in the future, and if they dont, well lucky them!

So, so far we have a 1000% increase in what the insurance company has to pay, and you have the unisured paying a small %.

Not only are they adding new patience who have pre-conditions that aren't really pre-condiction (women with c sections, raped (yeah thats right), asthma, breast cancer surviver, ect) which may not even need treatment again will add into the pot.

Sure, the high risked patience will have to pay more, but right now they dont even have a chance to pay.

Consider yourself lucky that the only thing you had to worry about was trying to fall asleep. Imagine the people who were denied by the insurance company who have diabetes, or cancer and were only getting payed $7.50 an hour. Either you pay for treatment and go hungry, or you skip your treatment and eat.


Wow, you come up with some crazy info. Where do you find it?(link if your not just speaking from nowhere)
To fill you in a bit about the amnesty bill.....
Under the plan Congress will provide temporary worker programs and a path to citizenship for an estimated 12 million people currently living in the U.S. illegally. In return, the illegal aliens must take a number of steps such as pay back taxes and fines, learn English and pass criminal background checks.

Cheers!

Would you mind posting the references for the data you are posting? I'm just curious where that is coming from and how they are coming to the .08 figure.

Thanks.

 

[Justyntym]

Where to start.......

Currently, the insurance company pays $.08 on every dollar you give them towards your medical bills. With this new bill, it will require the insurance company to pay $.80 on every dollar. If they charge you more and they dont spend $.80 on every dollar you gave them, they have to refund the money back to you. Now that would be a 1000% incease of spending.

Now since your paying the medical bills for the uninsured as is, what they are going to do is have everyone pay a small % of their income towards health insurance. I believe its 4 -5 % from 14 - 80k and there are also subsidies for this income range. So now in stead of you paying 100% of the uninsureds medical bills, your paying a smaller amount of it. If they decided they dont want to purchse insurance, they'll be taxed a percentage to pay for it. This is to pay for any medical visitys they may have in the future, and if they dont, well lucky them!

So, so far we have a 1000% increase in what the insurance company has to pay, and you have the unisured paying a small %.

Not only are they adding new patience who have pre-conditions that aren't really pre-condiction (women with c sections, raped (yeah thats right), asthma, breast cancer surviver, ect) which may not even need treatment again will add into the pot.

Sure, the high risked patience will have to pay more, but right now they dont even have a chance to pay.

Consider yourself lucky that the only thing you had to worry about was trying to fall asleep. Imagine the people who were denied by the insurance company who have diabetes, or cancer and were only getting payed $7.50 an hour. Either you pay for treatment and go hungry, or you skip your treatment and eat.


Wow, you come up with some crazy info. Where do you find it?(link if your not just speaking from nowhere)
To fill you in a bit about the amnesty bill.....
Under the plan Congress will provide temporary worker programs and a path to citizenship for an estimated 12 million people currently living in the U.S. illegally. In return, the illegal aliens must take a number of steps such as pay back taxes and fines, learn English and pass criminal background checks.

Cheers!

Talk about crazy info...???
Your numbers are quite screwed...er skewed...

First of all...their wont be any insurance companies, they will be governmentised
(read single payer system)...their is no way the govt can force them to accept
millions of people, many with pre-existing conditions and remain profitable.
It wont happen...

Your small percentage of your income...80k @ 5% is $4,000 on top all your other
taxes (which will more than likely be raised, and I wouldn't discount the national
sales tax by any means) That's a lot of money for them to force me to buy something
I may not want. That's really not any different than them passing a law for me
to buy the Chrysler car for 30,000 dollars and if I don't want...no problem, we'll
just tax you for it and give the car to the poor down trodden peoples...

As far as the illegals and your amnesty proposal...don't count on it. When they need
the votes in nov...all that will go into the wind.

small %....
I don't have a small % left...I'm figuring out what bills not to pay this month.

What kinda rosey spin can you put on the bill to re-instate voting rights to felons...

 

[Justyntym]

apparently Verizon didn't read your assessment...


Wednesday, March 24, 2010

Verizon to Employees: We Expect Our Health-Care Costs to Rise
[Stephen Spruiell]


Earlier today, National Review Online came into possession of an e-mail sent out to Verizon employees following the passage of the Democrats' health-care bill. In short, Verizon expects the legislation to result in higher costs and potentially reduced benefits for its employees and retirees (relevant sections in bold):

Today, President Obama signed into law the Patient Protection and Affordable Care Act.

This legislation was passed by the Senate on December 24, 2009 and the House of Representatives on March 21, 2010. The House also passed additional legislation intended to make certain changes to this legislation, which is awaiting action in the Senate.

With these moving parts, it is difficult at this point to gauge the precise impact of this legislation on Verizon, our employees and our retirees.

Verizon offers access to health care coverage to almost 900,000 employees, retirees and their families at a cost of nearly $4 billion a year. As a major purchaser of health care, Verizon has been actively involved in the Health Care Reform debate. Through Chairman and CEO Ivan Seidenberg’s leadership, the Business Roundtable proposed a specific plan on how to achieve much needed reform. The proposal contains five specific principles:

• Preserving the employer-based healthcare system which is governed by the Employee Retiree Income Security Act (ERISA);

• Creating greater consumer value in the healthcare marketplace;

• Providing more affordable health insurance options for all Americans;

• Placing an obligation on all Americans to have health insurance coverage; and

• Offering health coverage and assistance to low-income, uninsured individuals and families.

There are provisions included in the new law that reflect some, but not all, of Verizon’s priorities. The legislation requires all Americans to have health insurance and provide for assistance to low-income individuals to help them afford coverage. The legislation begins to set up a competitive marketplace to provide more options. However, due to the varying effective dates included in the legislation, we expect that Verizon’s costs will increase in the short-term. These cost increases are primarily driven by two provisions.

The first is a provision that affects the Medicare Part D subsidy for prescription drug coverage. Because Verizon offers retiree prescription drug coverage today, the government provides a 28 percent subsidy to help offset the financial burden of offering that coverage. The subsidy was intended to help employers continue to offer prescription drug coverage for retirees so that these retirees would not have to use the Government Medicare Part D program. However, changes affecting the Part D subsidy will make it less valuable to employers, like Verizon, and as a result, may have significant implications for both retirees and employers.

Additionally, there is a provision that taxes high-value health plans expected to begin in 2018. Many of the plans that Verizon offers to employees and retirees are projected to have costs above the thresholds in the legislation and will be subject to the 40 percent excise tax.

We continue to follow the legislative process closely and will keep you informed as we have more information and have analyzed the impact to our employees, retirees and the company.

 

[Justyntym]

Ahh..and yet another does not subscribe to the rose colored glasses interpritation...
This is what we need in the midst of 10% unemployement and global economic
meltdown...this is only the beginning. The Govt' can screw up a wet dream and
make a bad situation untolerable....


AT&T will take $1B non-cash charge for health care
BARBARA ORTUTAY
From Associated Press
March 26, 2010 8:48 PM EDT

NEW YORK (AP) — AT&T Inc. will take a $1 billion non-cash accounting charge in the first quarter because of the health care overhaul and may cut benefits it offers to current and retired workers.

The charge is the largest disclosed so far. Earlier this week, AK Steel Corp., Caterpillar Inc., Deere & Co. and Valero Energy announced similar accounting charges, saying the health care law that President Barack Obama signed Tuesday will raise their expenses. On Friday, 3M Co. said it will also take a charge of $85 million to $90 million.

All five are smaller than AT&T, and their combined charges are less than half of the $1 billion that AT&T is planning. The $1 billion is a third of AT&T's most recent quarterly earnings. In the fourth quarter of 2009, the company earned $3 billion on revenue of $30.9 billion.

AT&T said Friday that the charge reflects changes to how Medicare subsidies are taxed. Companies say the health care overhaul will require them to start paying taxes next year on a subsidy they receive for retiree drug coverage.

White House spokesman Robert Gibbs said Thursday that the tax law closed a loophole.

Under the 2003 Medicare prescription drug program, companies that provide prescription drug benefits for retirees have been able to receive subsidies covering 28 percent of eligible costs. But they could deduct the entire amount they spent on these drug benefits — including the subsidies — from their taxable income.

The new law allows companies to only deduct the 72 percent they spent.

AT&T also said Friday that it is looking into changing the health care benefits it offers because of the new law. Analysts say retirees could lose the prescription drug coverage provided by their former employers as a result of the overhaul.

Changes to benefits are unlikely to take effect immediately. Rather, the issue would most likely come up as part of contract negotiations between the company and unions representing its employees and retirees. AT&T is the largest private employer of union workers in the U.S.

Candice Johnson, spokeswoman for the Communications Workers of America, which represents more than 160,000 AT&T workers, said these employees have contracts in place until 2012. An agreement covering retirees also runs through 2012.

AT&T rival Verizon Communications Inc. was among 10 companies that sent a letter to congressional leaders in December warning that their costs would increase with the health care changes. Verizon spokesman Peter Thonis said the company had no comment.

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So...who do you think is going to ultimately pay...businesses don't take less profit...
they raise prices, the customers always pay. That's the fallacy for taxing businesses.

 

[Justyntym]

Ahh yet another "myth"...

Health overhaul likely to strain doctor shortage


LAURAN NEERGAARD
From Associated Press
March 28, 2010 6:13 PM EDT


WASHINGTON (AP) — Better beat the crowd and find a doctor.

Primary care physicians already are in short supply in parts of the country, and the landmark health overhaul that will bring them millions more newly insured patients in the next few years promises extra strain.

The new law goes beyond offering coverage to the uninsured, with steps to improve the quality of care for the average person and help keep us well instead of today's seek-care-after-you're-sick culture. To benefit, you'll need a regular health provider.

Yet recently published reports predict a shortfall of roughly 40,000 primary care doctors over the next decade, a field losing out to the better pay, better hours and higher profile of many other specialties.

Primary care can't do it alone. Broader changes are needed to decrease the financial incentives that spur too much specialist-driven care, says Dr. David Goodman of the Dartmouth Institute for Health Policy and Clinical Practice.
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Pay no attention to the last three news articles...it's all good. Even though
people have been SAYING all this would happen (and this is just a tip of the iceburg)

Hurray for the nanny state...where's my free stuff

 

[Justyntym]

Ahh...now said companies will be called on the carpet and publicly spanked
by Congress...for DARING to disent and actually watch out for their business's
employees, shareholders, and retirees...Shame on them huh?
You can hire a lot of people for a billion bucks...

Actually it's not even disent...it's just accounting...
and now they have to justify their numbers to Congress...Congress
can go to he....They completely forgot they work for us...or are supposed to

I would bet that a company with a billion to lose, probably has a better handle
on the ObamaKare issues than our own (and I use the term "our own" loosely)
Congress who said we have to pass it to see what's in it, or even the kool-aid
drinking public....hmmm ??? do ya think

Where'd all the liberals go...