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Thread: Obamacare ... more of what's in it

  1. #71
    Senior Member Gerry Clinchy's Avatar
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    Interesting ... that is something that has not been mentioned before. I wonder if your friend should inquire further about the guideline that requires that deduction? The law is so confusing that some smaller companies may have gotten it wrong.
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  2. #72
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    Quote Originally Posted by Gerry Clinchy View Post
    Interesting ... that is something that has not been mentioned before. I wonder if your friend should inquire further about the guideline that requires that deduction? The law is so confusing that some smaller companies may have gotten it wrong.
    Its not the firm mking those decisions. It is the accountants. Obamacare reminds me of my son when he was 2 years ols and would play a game with his Grandmother. Sometimes they would change the rules to suit him and sometimes they would just make up the rules. Sort of like Obamacare. It was fun to watch my son and his Grandmother as hey rgued about the rules. Not so funny when it comes to healthcare.

    Do you REALLY think that the IRS knows what the rules are. Don't you suspect thatthere has to be some coordination between HHS and the IRS? That should be a joke.

    I do know that many doctors are combining their practices ceating giant practices with multiple specialties. Some are selling to hospitals also. You might think that doctors are getting in a position to bargain with the Gov. A few years ago the Mayo Clinic in Phoenix AR could not reach agreemant with HHS on reimbursement of Medicare. One day they gave notice that 7,000 residents of Phoenix no longer had doctors. HHS then reached agreement with them. By the way the Mayo Clinic also relies on charitable contributions in order to presently pay their doctors. Those who think that salaried is cheaper have a lot to learn. Wonder what will be said when doctors ask for overtime or refuse to work more than 40 hrs. It is going to be ineresting how this plays out in 2014. It just might be the biggest fiasco created by the Gov.

    Thanks Gerry for all the info you bring to this forum. I really don't pay much attention since Dentistry is not affected. So far I think I may have enough clout to see that I am treated. Favors beget favors.

  3. #73
    Senior Member Gerry Clinchy's Avatar
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    Cary, maybe the fellow can have the accountants explain it to him then? I can't remember reading about any tax other than the "luxury" tax; or the tax for not being insured at all.

    I also remember the Mayo Clinic incident.

    I noticed recently that there is a "walk-in" clinic in one of the small strip malls that I drive by often. I saw the other day that they had a sign on the marquee of the mall that they offered treatment to those without insurance.

    Also read recently about a group of hospitals (in Atlanta, I think) who started their own insurance company I think the group included 7 to 10 hospitals in their regional area. Also wonder if hospitals may also form their own HMO's? This might be a way for them to get away from the Medicaid reimbursements?

    Just also got an email about a Dr. who is gathering sigs for a petition to get on the primary ballot for the NJ Senate seat. If there is anyone from NJ on the forum who'd be interested, I can pass along the info for you. Since I'm in PA, I cannot help the dr. out.
    G.Clinchy@gmail.com
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  4. #74
    Senior Member Gerry Clinchy's Avatar
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    http://news.investors.com/ibd-editor...er-dollars.htm
    Obamacare would be enough of a financial disaster just by what it promises to give people in terms of health care. However, as it usually is with govt, a lot of money will also go into "the great abyss" of political cronyism as well.

    Over $200 million in CA, alone, will be dumped into "outreach" grants. And who will be getting these grants? Read the article to find out.

    Not to mention that CA passed a special law so that the people "outreaching" for the health care exchange will also be getting these people to register to vote. How handy; more bang for your buck. Do you suspect which party these people being outreached to will be registering with?

    Don't miss this part ...
    Amazingly, California legislators passed a law that the exchange could keep secret for a year who received the contracts and indefinitely how much they were paid. California's open-records laws would otherwise prohibit such secrecy.
    Last week, Republican U.S. Sen. Lamar Alexander of Tennessee and four other Republican senators on the Health, Education, Labor and Pensions Committee called for an investigation of California's concealing information on contracts awarded using federal taxpayer money.


    Read More At Investor's Business Daily: http://news.investors.com/ibd-editor...#ixzz2WotWleUO

    In addition to outreach, California's actual enrollment process is also outsourced to employees of community organizations, unions and health clinics. These enrollment "assisters" will be paid $58 for each enrollee they sign up. An additional $49 million is budgeted to pay them the first year, but in future years, assisters will be paid out of the premiums collected by the exchange.


    The template is repeated in every state. The Obama health law creates a permanent stream of funding for unions and community activists by outsourcing insurance enrollment to them.


    Assisters will also guide the uninsured to sign up for whatever non-health social services they may be eligible for, including welfare, food stamps and housing assistance, according to the manual prepared by the Community Health Councils for California's implementation.


    Anyone who remembers the days of James Curley, Boss Tweed and Tammany Hall gets the picture. If you were poor or a newcomer to this country, you went to the local ward boss and got whatever you needed in exchange for your vote.


    The difference is that back then, politics was local. Now the Obama health law is institutionalizing this corrupt style of politics across the country. Whether you live in California or New York, local community activists and unions will be recruiting people to enroll in ObamaCare and sign up to be part of the permanent, beholden Democratic voting majority.
    This really begins to sound sinister.
    Last edited by Gerry Clinchy; 06-20-2013 at 11:03 PM.
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  5. #75
    Senior Member Gerry Clinchy's Avatar
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    This sobering statement comes hard on the heels of calculations by Manhattan Institute analyst Avik Roy showing that premiums in California’s individual market are set to almost double next year.


    According to Mr. Roy’s calculations, young, single, childless men and women who do not have employer-provided health insurance will be hit equally because California prohibits sex-based discrimination. If your income exceeds 183 percent of the federal poverty level, you are ineligible for either expanded Medicaid or any subsidies—and you’ll see your premiums almost double. With an annual income of as little at $21,000, a young childless adult could be shelling out $183 monthly, compared to the current rate of $74 for a plan with a large deductible and substantial co-pays, a far cry from the original promises of Obamacare.


    Some of this increase is a result of so-called “community rating,” which means insurance companies can no longer fully take differences in health into account when pricing health insurance for residents of a geographical location. The Society of Actuaries, however, calculates that almost 60 percent of the increase is a result of factors other than the inclusion of coverage for high-risk individuals. A significant portion of the increase is driven by top-down mandates of benefits that must be included in insurance plans, and the costs are pushed to consumers in the form of higher premiums.


    Obamacare was long on promises about helping the poor, but it’s delivering a regressive tax. Just before Obamacare was passed, Congress severely restricted payday loans under the Payday Loan Reform Act, limited interest-rate increases and penalties on credit cards under the Credit Card Accountability, Responsibility and Disclosure Act, and limited fees these companies could charge merchants under the Durbin Amendment to the Dodd-Frank Act. Payday-loan users tend to be lower income. Limiting availability of such loans has driven cash-strapped borrowers to alternatives such as pawn shops that charge far higher interest rates. Limiting the supply does not reduce demand.

    Many people have said that the intention is to have Obamacare fail so that single-payer can be ushered in.

    The puzzling this is, if somewhat more govt control (Obamacare) made the previous system worse than it was (and more costly), then house is doubling down on more govt control going to make it any better?
    G.Clinchy@gmail.com
    "Know in your heart that all things are possible. We couldn't conceive of a miracle if none ever happened." -Libby Fudim

    ​I don't use the PM feature, so just email me direct at the address shown above.

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