Obamacare is going up
- Thread starter Diogenes
- Start date
Diogenes
Nemo me impune lacessit
Barack Hussein Obama ruined American healthcare with his ridiculous vanity project.
At the heart of the shutdown debate right now is whether or not Congress should extend these expanded temporary Obamacare subsidies.
Here are 6 reasons why they shouldn't be extended and it looks like the GOP won't let the Democrats do it again (they already extended them twice).
The first is that they cost almost half a trillion dollars, and at a time when we have $2 trillion annual deficits, we can't afford to throw more money at the problem.
The second reason is that they're largely welfare for the well-off. Obamacare credits can be claimed by people earning up to $600,000 a year. About a third of the cost goes to people over 400% of the poverty line, so they're simply not targeted to people in need. Democrats seem awfully anxious to give the rich something they could pay for themselves, don't they?
The third reason is the subsidies are largely swallowed by insurance companies. The subsidy themselves goes directly to insurance companies and then it's metastasizes into price inflation and larger profits by insurance companies. Why would Democrats (who love Luigi) want to enrich insurers further?
The fourth reason is that they fuel rampant enrollment fraud. According to a CBO estimate, millions of people were improperly enrolled and millions more don't use the coverage that they're enrolled in (like men who were forced to take policies with maternity coverage).
The fifth reason is that some enrollees are in the plan because the federal government is covering 100% of their cost, regardless of whether or not they could obtain and pay for their own insurance. Can you blame them?
The sixth, and last reason is these subsidies (known as enhanced premium tax credits) were initially set to be expire long ago.
When they controlled Congress, Democrats passed two laws extending the subsidies in 2021 and 2022 as "a response to the pandemic". The pandemic is over.
The party is over, folks, and the gravy train is scheduled to stop on December 31.
At the heart of the shutdown debate right now is whether or not Congress should extend these expanded temporary Obamacare subsidies.
Here are 6 reasons why they shouldn't be extended and it looks like the GOP won't let the Democrats do it again (they already extended them twice).
The first is that they cost almost half a trillion dollars, and at a time when we have $2 trillion annual deficits, we can't afford to throw more money at the problem.
The second reason is that they're largely welfare for the well-off. Obamacare credits can be claimed by people earning up to $600,000 a year. About a third of the cost goes to people over 400% of the poverty line, so they're simply not targeted to people in need. Democrats seem awfully anxious to give the rich something they could pay for themselves, don't they?
The third reason is the subsidies are largely swallowed by insurance companies. The subsidy themselves goes directly to insurance companies and then it's metastasizes into price inflation and larger profits by insurance companies. Why would Democrats (who love Luigi) want to enrich insurers further?
The fourth reason is that they fuel rampant enrollment fraud. According to a CBO estimate, millions of people were improperly enrolled and millions more don't use the coverage that they're enrolled in (like men who were forced to take policies with maternity coverage).
The fifth reason is that some enrollees are in the plan because the federal government is covering 100% of their cost, regardless of whether or not they could obtain and pay for their own insurance. Can you blame them?
The sixth, and last reason is these subsidies (known as enhanced premium tax credits) were initially set to be expire long ago.
When they controlled Congress, Democrats passed two laws extending the subsidies in 2021 and 2022 as "a response to the pandemic". The pandemic is over.
The party is over, folks, and the gravy train is scheduled to stop on December 31.