obamacare

A small share of people accounts for a significant share of expenses in any year. In 2009, half of all health care spending was used to treat just 5% of the population.

Health care costs per capita have grown an average 2.4
percentage points faster than the GDP since 1970.

But of course we need a 3,000 page federal law - and tens of thousands of pages of regulation - to deal with this.

Oh, you know what else has skyrocketed since 1970?

Government involvement in the health care market.

But hey, let's sit back and pretend that the private sector is a bad actor and doing pointless things all by themselves.

That would be fun. And allow us to make straw men arguments.

There is some good with obamacare. The pcip plan would be good if they would make it permanent instead of putting sick people withhhealthy people. The regulation on these big insurance companies is great because there is no caps or fine print. Also anything wellness or preventative is covered at % 100.

There is also the 80/20 law. The insurance companies have to pay out 80 percent of the money the take in to pay claims, if not they have to rebate checks. This made me take a pay cut

Dark Horse next year the PC IP plan is going away and the government is making they insurance companies take on people with pre existing conditions and putting them in the same group is healthy people that is going to make rates go up

I agree that rates will go up for the healthy but will go down for the pre-exist peeps since they are only grouped with other pre-exist now.But then again peeps that are healthy now might not be tomorrow.Now a couple quesions for you, How will the new healhcare laws affect you as a broker? And even though the current pcip program was underfunded can you really call it a failure having helped 135000 people who couldn't get insurance?

Im not saying the program was a failure. The program was great actually. My problem is with how they couldn't manage it properly. The jury is still out on how it is going to effect my job

mr obamacare      

Quote Originally Posted by waltertaylor24:

There is some good with obamacare. The pcip plan would be good if they would make it permanent instead of putting sick people withhhealthy people. The regulation on these big insurance companies is great because there is no caps or fine print. Also anything wellness or preventative is covered at % 100.

Here’s a trend you’ll be reading more about: part-time “job sharing,” not only within firms but across different businesses.

It’s already happening across the country at fast-food restaurants, as employers try to avoid being punished by the Affordable Care Act. In some cases we’ve heard about, a local McDonalds has hired employees to operate the cash register or flip burgers for 20 hours a week and then the workers head to the nearby Burger King or Wendy’s to log another 20 hours. Other employees take the opposite shifts. . . .

Because other federal employment regulations also kick in when a firm crosses the 50 worker threshold, employers are starting to cap payrolls at 49 full-time workers. These firms have come to be known as “49ers.” Businesses that hire young and lower-skilled workers are also starting to put a ceiling on the work week of below 30 hours. These firms are the new “29ers.” Part-time workers don’t have to be offered insurance under ObamaCare.

Link: https://online.wsj.com/article/SB10001424127887324616604578304072420873666.html?mod=WSJ_hp_mostpop_read

Key point:
A 2011 Hudson Institute study estimates that this insurance mandate will cost the franchise industry $6.4 billion and put 3.2 million jobs "at risk."

But what does this have to do with Obama?!!