Our idiot president

B

Big Money

New member
economic-plans-worked-obama-crazy-fail-unemployment-politics-1343306038.jpg


Obama is the insurance industry's most powerful pitchman these days as he drums up interest in the health insurance markets opening for business Tuesday. Whatever the merits of his product, there are reasons for the buyer to beware of his rhetoric.


The president is being a bit slippery on the costs of coverage, in particular.


OBAMA: "Knowing you can offer your family the security of health care, that's priceless. Now, you can do it for the cost of your cable bill, probably less than your cellphone bill. Think about that, good health insurance for the price of your cellphone bill or less." – Speech in Largo, Md., on Thursday.

THE FACTS: The family coverage you can get for the cost of a monthly cable or cellphone bill is going to expose you to a hefty share of your medical expenses. Looked at in terms of digital communications, it's more like dial-up Internet than 4G.


The cell-phone analogy has become the talking point of the week for administration officials pitching people on the health care markets opening for business Tuesday. Obama said earlier that of every 10 Americans who are uninsured, "six out of those 10 are going to be able to get covered for less than $100 a month, less than your cellphone bills."


He is referring to the cheapest of four major options offered by the new markets, the "bronze" plan. But, just like with auto insurance, premiums aren't the only potential expense for a consumer. Those who choose bronze will have to pay 40 percent of their medical bills out of pocket through deductibles and copayments. A family's share of medical costs could go as high as $12,700 a year, or $6,350 for individuals, on top of those cell-phone-like premiums.


Plans that cost more in premiums have the same caps on annual out-of-pocket expenses, but they cover more of the bills along the way. The platinum plan, which is the best, pays 90 percent of medical bills, for example.






http://www.huffingtonpost.com/2013/09/30/obama-health-care-law_n_4016084.html
 
5. Under Obamacare, "75 percent of small businesses now say they are going to be forced to either fire workers or cut their hours." Pants on Fire.
-- U.S. Sen. Marco Rubio (R-Fla.), July 25, 2013, in a FoxNews.com opinion column

Suggestions that business are laying off workers because of the health care law have so far proven to be largely unfounded, according to PolitiFact National. Most small businesses -- those with fewer than 50 employees -- do not have to provide health insurance to their employees. (In fact, some very small businesses with fewer than 25 employees may qualify for tax credits under the law.) The claim here that 75 percent of small business were reducing their workforce was based on a misreading of a study from the U.S. Chamber of Commerce. The study actually found that less than 10 percent of small businesses said they will be forced to reduce their workforce or cut hours.
 
Big money said:
economic-plans-worked-obama-crazy-fail-unemployment-politics-1343306038.jpg



Obama is the insurance industry's most powerful pitchman these days as he drums up interest in the health insurance markets opening for business Tuesday. Whatever the merits of his product, there are reasons for the buyer to beware of his rhetoric.


The president is being a bit slippery on the costs of coverage, in particular.


OBAMA: "Knowing you can offer your family the security of health care, that's priceless. Now, you can do it for the cost of your cable bill, probably less than your cellphone bill. Think about that, good health insurance for the price of your cellphone bill or less." – Speech in Largo, Md., on Thursday.

THE FACTS: The family coverage you can get for the cost of a monthly cable or cellphone bill is going to expose you to a hefty share of your medical expenses. Looked at in terms of digital communications, it's more like dial-up Internet than 4G.


The cell-phone analogy has become the talking point of the week for administration officials pitching people on the health care markets opening for business Tuesday. Obama said earlier that of every 10 Americans who are uninsured, "six out of those 10 are going to be able to get covered for less than $100 a month, less than your cellphone bills."


He is referring to the cheapest of four major options offered by the new markets, the "bronze" plan. But, just like with auto insurance, premiums aren't the only potential expense for a consumer. Those who choose bronze will have to pay 40 percent of their medical bills out of pocket through deductibles and copayments. A family's share of medical costs could go as high as $12,700 a year, or $6,350 for individuals, on top of those cell-phone-like premiums.


Plans that cost more in premiums have the same caps on annual out-of-pocket expenses, but they cover more of the bills along the way. The platinum plan, which is the best, pays 90 percent of medical bills, for example.






http://www.huffingtonpost.com/2013/09/30/obama-health-care-law_n_4016084.html
Click to expand...
The cellphone bill analogy was originally referring to young people who would be shopping for insurance. This demographic typically should opt for a catastrophic plan that would have high deductible.

After all, young/healthy people need protection from major injury/illness, not regular health issues.
 
Good thing you have yourself to bump yourt threads, since clearly no one else gives a fuck.
 
OBAMA: "Raising the debt ceiling is not the same as approving more spending, any more than making your monthly payments adds to the total cost of your truck. You don't say, `Well, I'm not gonna – I'm not gonna pay my bill, my note for my truck because I'm gonna save money.' No, you're not saving money. You already bought the truck, right? ... So raising the debt ceiling, it doesn't cost a dime. It does not add a penny to our deficits. "


THE FACTS: Raising the debt ceiling is not the same as a consumer merely making monthly payments on existing debt. It's very much like a consumer getting approved for a higher cap on a credit card. It doesn't mean the consumer will necessarily spend more, but it makes higher spending possible.


In the government's case, it has to have a higher credit limit so it can keep borrowing to make necessary payments.


Borrowing to pay interest on existing debt as well as the bills is a recipe for deep trouble for consumers.


But governments don't – and really, can't – handle their budgets as typical households do, despite the kitchen-table analogies.


http://www.huffingtonpost.com/2013/09/30/obama-health-care-law_n_4016084.html?utm_hp_ref=politics
 
You must log in or register to reply here.
Back
Top