What effect will the health bill have on the economy

T

tinfoil

Banned
I'd like to hear from the advocates how this will help improve the economic conditions. Millions of people will now have to spend monies that might have been recycled into the economy and back into the hands of average consumers. Now, those monies will end up in the bank accounts of giant insurance companies with little chance of reaching the average consumer.

Sure, hospitals, doctors, and medical fields will see a huge increase in revenues as people forced to buy a product will actually USE the product. Get ready for huge waits. The thirty million people who have been avoiding medical care are going to fill the waiting rooms. If you think those people are going to pay and continue to avoid seeking care, you're crazy. I don't see how the health bill makes a difference if everyone USES the service. They need people to pay who don't get anything so they can subsidise the really sick folks who require 20 times the care than they pay for in premiums.

I know a chrones sufferer who's treatments are 10K every 2 months.
He doesn't even make that much a year, yet through the magic of insurance(read: ripping-off the healthy) he has his treatments paid for.
 
Well this is going to lead to more unemployment and higher costs. On the other hand, Congress seems to be ready to give themselves more C-SPAN time:

http://corner.nationalreview.com/post/?q=ZjU2Mzc0NTEwZTk2NGEyMzVjZmQ1M2VkODNkM2JhMWI=

Thugocracy Whipsaws Capitalism [Andy McCarthy]
The notion that the pain of Obamacare would not really be felt for a few years has always been silly. It won't be fully felt, but he economy is dynamic. Corporations have to plan today for the conditions of tomorrow. More to the point, public corporations with disclosure obligations under the securities laws have to disclose today when developments change their outlook for tomorrow. Hence, AT&T's announcement that Obamacare will force it to take a $1 billion dollar charge — the most alarming (but entirely predictable) bad news in a parade that, the Wall Street Journal's editors note, "includes Deere & Co., $150 million; Caterpillar, $100 million; AK Steel, $31 million; 3M, $90 million; and Valero Energy, up to $20 million."

But here is the most frightful news yet about our new reality: People's Commissar Henry Waxman is now planning to haul the companies before his committee because their disclosures fail to play along with the our Leftist rulers' script that Obamacare "will expand coverage and bring down costs."

As the Journal's editors observe:

Black-letter financial accounting rules require that corporations immediately restate their earnings to reflect the present value of their long-term health liabilities, including a higher tax burden. Should these companies have played chicken with the Securities and Exchange Commission to avoid this politically inconvenient reality? Democrats don't like what their bill is doing in the real world, so they now want to intimidate CEOs into keeping quiet.​

Let me echo that. I worked for many years in the U.S. Attorney's Office in whose backyard was Wall Street. If a company like AT&T failed to make a legally mandated restatement of its financial position while continuing to participate in the capital markets, it would be investigated and the responsible management officials would likely find themselves prosecuted while the SEC, concurrently, went after the company and its officiallys in civil enforcement suits. There are prosecutors and investigators who would salivate at the prospect of doing such a career-making case.

If we are now under a system where disclosure gets you a public whipping and other threats by the Powers That Be while nondisclosure promises the ruinous expenses of defending against criminal investigations and civil enforcement, this is no longer anything but a thugocracy.
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"Effect on the economy" will - as always - be in the eye of the beholder.

If the economy continues to improve, the tea folks will continue to say that it is in SPITE of Obama's policies. Obama's supporters will continue to say it is primarily because of his policies.

Really, it's all getting too predictable.
 
tinfoil said:
I don't see how the health bill makes a difference if everyone USES the service.
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That's because you haven't researched how government plans are run in other countries. Check it put. Dozens of countries have figured it out and been running the service for 40 or 50 years. Not bad for something that supposedly doesn't work.

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tinfoil said:
I'd like to hear from the advocates how this will help improve the economic conditions. Millions of people will now have to spend monies that might have been recycled into the economy and back into the hands of average consumers. Now, those monies will end up in the bank accounts of giant insurance companies with little chance of reaching the average consumer.

Sure, hospitals, doctors, and medical fields will see a huge increase in revenues as people forced to buy a product will actually USE the product. Get ready for huge waits. The thirty million people who have been avoiding medical care are going to fill the waiting rooms. If you think those people are going to pay and continue to avoid seeking care, you're crazy. I don't see how the health bill makes a difference if everyone USES the service. They need people to pay who don't get anything so they can subsidise the really sick folks who require 20 times the care than they pay for in premiums.

I know a chrones sufferer who's treatments are 10K every 2 months.
He doesn't even make that much a year, yet through the magic of insurance(read: ripping-off the healthy) he has his treatments paid for.
Click to expand...
 
Onceler said:
"Effect on the economy" will - as always - be in the eye of the beholder.

If the economy continues to improve, the tea folks will continue to say that it is in SPITE of Obama's policies. Obama's supporters will continue to say it is primarily because of his policies.

Really, it's all getting too predictable.
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The CBO said that the Obama deficit will approach $10 trillion in a decade, so that's not a sign of an improving economy. SIGH!!!
 
TuTu Monroe said:
The CBO said that the Obama deficit will approach $10 trillion in a decade, so that's not a sign of an improving economy. SIGH!!!
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The US military has been handed a blank cheque with spending back to Cold War levels, there are vast savings to be made if there is a will to do it.
 
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tinfoil said:
I know a chrones sufferer who's treatments are 10K every 2 months.
He doesn't even make that much a year, yet through the magic of insurance(read: ripping-off the healthy) he has his treatments paid for.
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?

Are you criticizing him for that? There are winners and there are losers with insurance. With health, though, the consequences of being a loser are much more disastrous.
 
The health bill will create a greater demand for doctors, which will raise doctors salaries, which will pull more doctors into the field. This is the market.
 
Bittermark said:
?

Are you criticizing him for that? There are winners and there are losers with insurance. With health, though, the consequences of being a loser are much more disastrous.
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Idiot, i'm pissed that you democrats force me to subsidise his treatment.

You truly are an ignoarant rube if you couldn't understand my arguments

Total fucking idiot you are
 
Bittermark said:
The health bill will create a greater demand for doctors, which will raise doctors salaries, which will pull more doctors into the field. This is the market.
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what a simpleton. No duh, if the government forced everyone to buy a house, the wages for home builders would go up too. WTF is your point?
 
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