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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on October 27, 2010, 06:12:56 AM
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CBO Director Says ObamaCare Will Drive People From the Workforce
CNS News ^ | October 26, 2010 | Matt Cover
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(CNSNews.com) – Congressional Budget Office Director Douglas Elmendorf said the most significant economic effect of President Barack Obama’s health care reform package will be to drive people out of the job market.
“For the economy outside the health sector, the most significant impact of the legislation will be through the labor market,” Elmendorf said [2] on Oct. 22. “We estimated that the legislation, on net, will reduce the amount of labor used in the economy by roughly half a percent, primarily by reducing the amount that people choose to work.”
Elmendorf made the remarks at a conference sponsored by the Leonard D. Schaeffer Center for Health Policy and Economics at the University of Southern California.
He explained that people would choose not to work because they could subsist on the generous federal insurance subsidies and Medicaid payments contained in the health care overhaul.
“Some provisions of the legislation will discourage people from working more hours or entering the workforce, and other provisions will encourage them to work more,” he said, adding that “[t]he net reduction in the supply of labor is largely attributable to the substantial expansion of Medicaid and the provision of subsidies through the new insurance exchanges.”
Elmendorf’s analysis of the health care law’s economic impact seems to support House Speaker Nancy Pelosi’s (D-Calif.) seemingly off-the-cuff remark in May when she said that because of the subsidies in the health care bill, people could quit their regular jobs and pursue their artistic dreams because the government would now provide for their health care.
“We see it as an entrepreneurial bill,” Pelosi said on May 14, “a bill that says to someone, if you want to be creative and be a musician or whatever, you can leave your work, focus on your talent, your skill, your passion, your aspirations because you will have health care.”
Elmendorf’s remarks further explain what the 2,000-plus-page "reform" package means in practical terms.
Already this year, major insurance companies, in anticipation of ObamaCare’s stringent regulations, stopped offering individual insurance policies for children.
In addition, McDonald’s and other large corporations signaled that they would have to stop offering health care coverage for their mostly hourly workers because of mandates in the new law that dictate how much premium revenue companies can put toward administrative and other expenses. McDonald’s was granted a waiver by the Department of Health and Human Services.
Elmendorf, who is Congress’ chief accountant, said the Democrats’ health care bill will reduce unnecessary spending on health care by insured people -- but only to a "very limited extent" over the next decade. One of the main complaints about the health care law, even as it was being written, is that it doesn’t do enough to control costs.
Elmendorf also said the new law will expand the health care sector of the economy. That's because millions more people are expected to have health insurance by 2019 -- and the research suggests that "gaining insurance coverage will increase an individual’s demand for health services by about 40 percent." Elmendorf said this alone "would represent an expansion of the health sector of the economy..."
Elmendorf revealed that some of ObamaCare's so-called reforms may not be reforms at all. Analyzing the many provisions that are supposed to make health care more efficient and less expensive, Elmendorf said that there was little evidence any of them would actually work -- leading CBO to view their potential with skepticism.
“The legislation set up a number of experiments in delivery and payment systems to induce providers to offer higher-quality and lower-cost care,” he said. “However, for a number of reasons, it is unclear how successful the experiments will be.
“As a result, CBO projects limited savings from the experiments in delivery and payment systems during the next decade," he said.
Elmendorf also said it is doubtful that lawmakers will be able to carry out the law’s vision of slowing the growth of Medicare. “It is unclear whether such a reduction in the growth rate of [Medicare] spending could be sustained,” he said, “and if so, whether it would be accomplished through greater efficiencies in the delivery of health care or through reductions in access to care or the quality of care.”
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Great job morons. Vote Democrat ! suckers.
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Are you leftists proud of yourselves for voting for this?
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Well they did say that they would have to pass the legislation to learn what was in it ::). No wonder they didn't want anyone to read that piece of shit before they voted on it. Is there still any question of the incompetence of this government?
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Well they did say that they would have to pass the legislation to learn what was in it ::). No wonder they didn't want anyone to read that piece of shit before they voted on it. Is there still any question of the incompetence of this government?
Just look at the responses from posters like Mal, Benny, Blacken, Andre, Lurker, Straw, et al - they are still utterly oblivious to reality and won't admit the shit sandwich they supported.
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Just look at the responses from posters like Mal, Benny, Blacken, Andre, Lurker, Straw, et al - they are still utterly oblivious to reality and won't admit the shit sandwich they supported.
Well most of them don't think they went far enough :o, there seems to be a disconnect. It always seems to be about the so called "good intentions", well the road to hell is paved with them.
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Well most of them don't think they went far enough :o, there seems to be a disconnect. It always seems to be about the so called "good intentions", well the road to hell is paved with them.
Just clueless - Kazan - go take a look at the clip I posted on the "Broken Window Fallacy".
This theory underpins most of the economics stuff I know and why I was able to say clearly, and correctly, why Obamanomics and the stim bill would fail miserably.
While it is so obvious and common sense to many of us, many of these clowns simply operate on false premises and dont even realize it.
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Just clueless - Kazan - go take a look at the clip I posted on the "Broken Window Fallacy".
This theory underpins most of the economics stuff I know and why I was able to say clearly, and correctly, why Obamanomics and the stim bill would fail miserably.
While it is so obvious and common sense to many of us, many of these clowns simply operate on false premises and dont even realize it.
I get the feeling that most of these guys don't understand the concept that nothing is free, yeah the government promises "free" healthcare for all. Where does the government get its money from? They don't produce anything, and the only thing they sell is debt. Well guess what that "free" healthcare you are getting isn't free, unless of course you don't pay taxes, then you are doing nothing more than leaching off the hard work of your fellow Americans, but I digress.
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Just look at the responses from posters like Mal, Benny, Blacken, Andre, Lurker, Straw, et al - they are still utterly oblivious to reality and won't admit the shit sandwich they supported.
you posted this at 5am and unlike you, not everyone spends every waking moment on this board.
did you read the entire article (there were other items you could have highlighted that sound even worse).
when you read the further after the section you highlighted it talks about how people will be able to choose to leave their jobs if they wish, rather than being bound to them for the sake of healthcare
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you posted this at 5am and unlike you, not everyone spends every waking moment on this board.
did you read the entire article (there were other items you could have highlighted that sound even worse).
when you read the further after the section you highlighted it talks about how people will be able to choose to leave their jobs if they wish, rather than being bound to them for the sake of healthcare
Bound to your job? WTF exactly is that supposed to mean? That now that everyone gets "free" healthcare you don't have to work anymore? Wow what utopia, maybe everyone should do that, oh wait......
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Bound to your job? WTF exactly is that supposed to mean? That now that everyone gets "free" healthcare you don't have to work anymore? Wow what utopia, maybe everyone should do that, oh wait......
everyone gets free healthcare?
why the fuck am I still paying for mine
look at the article again. This guy is talking about people "choosing" to leave their job not being fired.
There are people who stay in a job they don't like when they might rather start their own business or do something where they would not have access to healthcare benifits. That's what he is talking about
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you posted this at 5am and unlike you, not everyone spends every waking moment on this board.
did you read the entire article (there were other items you could have highlighted that sound even worse).
when you read the further after the section you highlighted it talks about how people will be able to choose to leave their jobs if they wish, rather than being bound to them for the sake of healthcare
::) ::)
Even for you that this makes me laugh so hard its not even funny.
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everyone gets free healthcare?
why the fuck am I still paying for mine
look at the article again. This guy is talking about people "choosing" to leave their job not being fired.
There are people who stay in a job they don't like when they might rather start their own business or do something where they would not have access to healthcare benifits. That's what he is talking about
Idiot- they are going to leave their jobs because welfare and govt benefits will pay more.
is that really a good thing for society? Well, if you are a socialist I guess so.
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everyone gets free healthcare?
why the fuck am I still paying for mine
look at the article again. This guy is talking about people "choosing" to leave their job not being fired.
There are people who stay in a job they don't like when they might rather start their own business or do something where they would not have access to healthcare benifits. That's what he is talking about
So what? Life's a bitch, oh wait this goes back to the Pelosi bullshit about "artist".
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So what? Life's a bitch, oh wait this goes back to the Pelosi bullshit about "artist".
Yeah, a great economic model from the democrats - make it more profitable to sit at home and collect welfare than work. ::) ::)
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So what? Life's a bitch, oh wait this goes back to the Pelosi bullshit about "artist".
let me know where I can get my free healthcare
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let me know where I can get my free healthcare
Here is how:
1. Quit your job and go on medicaid
2. Go work for the Govt
3. Move to Cuba
4. Leech off family members
5. Get a sugar daddy
6. Or join the army.
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let me know where I can get my free healthcare
You'll get it as soon as this piece of shit bill puts all the insurance companies out of business, then of course uncle sugar ( the federal government) will come to the rescue with the "public" option. You'll just have to wait a few years
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You'll get it as soon as this piece of shit bill puts all the insurance companies out of business, then of course uncle sugar ( the federal government) will come to the rescue with the "public" option. You'll just have to wait a few years
I guess you missed this part of the article:
Elmendorf also said the new law will expand the health care sector of the economy. That's because millions more people are expected to have health insurance by 2019 -- and the research suggests that "gaining insurance coverage will increase an individual’s demand for health services by about 40 percent." Elmendorf said this alone "would represent an expansion of the health sector of the economy..."
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Here is how:
1. Quit your job and go on medicaid
2. Go work for the Govt
3. Move to Cuba
4. Leech off family members
5. Get a sugar daddy
6. Or join the army.
you forgot to list work for a company that offers health care coverage
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you forgot to list work for a company that offers health care coverage
You said you wanted "free" care. Fewer and fewer companies are offering health care for free to the employee. If you can find one, great, however, if the plan is that good and qualifies as a "cadillac plan", guess what - you will be taxed on it as additional income under obamacare.
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You said you wanted "free" care. Fewer and fewer companies are offering health care for free to the employee. If you can find one, great, however, if the plan is that good and qualifies as a "cadillac plan", guess what - you will be taxed on it as additional income under obamacare.
Kazan said the government is offereing "free healthcare for all".
All I'm saying is show me where I can get that
wasn't the complaint a few months ago that the government was forcing everyone to "buy" healthcare
I get the feeling that most of these guys don't understand the concept that nothing is free, yeah the government promises "free" healthcare for all.
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Kazan said the government is offereing "free healthcare for all".
All I'm saying is show me where I can get that
wasn't the complaint a few months ago that the government was forcing everyone to "buy" healthcare
Its free for all if we all quit out jobs, spend ourselves into bankruptcy and sign up for medcaid. For those of us who actually work and pay taxes - we will get higher premiums, less quality, and restricted access as more people are put into the system without a porportionate increase in the amount of providers.
Its common sense.
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Its free for all if we all quit out jobs, spend ourselves into bankruptcy and sign up for medcaid. For those of us who actually work and pay taxes - we will get higher premiums, less quality, and restricted access as more people are put into the system without a porportionate increase in the amount of providers.
Its common sense.
it is?
do you think alot of people will choose to do that
weren't your premiums going up every year already?
the only differnce now is when you are eventually diagnosed with bi-polar disorder your insurance carrier won't be able to deny coverage by calling it a pre-existing condition
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it is?
do you think alot of people will choose to do that
weren't your premiums going up every year already?
the only differnce now is when you are eventually diagnosed with bi-polar disorder your insurance carrier won't be able to deny coverage by calling it a pre-existing condition
Sorry - Straw - i was explicity promised a PREMIUM DECREASE. There is no way to spin this promise.
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it is?
do you think alot of people will choose to do that
weren't your premiums going up every year already?
the only differnce now is when you are eventually diagnosed with bi-polar disorder your insurance carrier won't be able to deny coverage by calling it a pre-existing condition
Actually no my premiums were not going up every year, I liked my health plan at work.
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Kazan said the government is offereing "free healthcare for all".
All I'm saying is show me where I can get that
wasn't the complaint a few months ago that the government was forcing everyone to "buy" healthcare
The simple fact is the government has no constitutional authority force anyone to buy anything from a private company. I can't wait to see how they are going to pay for this cluster fuck when the SC tells the government no. All that money they were counting on out the window. The plan collapses and yet another fine mess on par with the HMO act of 1973.
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Sorry - Straw - i was explicity promised a PREMIUM DECREASE. There is no way to spin this promise.
weird clip
I don't see anything that is remotely like an EXPLICIT PROMISE
the actual quote was "your employer it was estimated would see premiums fall by 3000%"
no this is no doubt a bizarre statement (and I assume it was a mistake) but it's certainly not an explicit promise
we've been over this ground before. On the White House website regarding this legislation they talk not only of the estimate that premiums would go down but also the circumstances on which they could go up.
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Straw - did you see my thread on what happened in connecticut with premiums?
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weird clip
I don't see anything that is remotely like an EXPLICIT PROMISE
the actual quote was "your employer it was estimated would see premiums fall by 3000%"
no this is no doubt a bizarre statement (and I assume it was a mistake) but it's certainly not an explicit promise
we've been over this ground before. On the White House website regarding this legislation they talk not only of the estimate that premiums would go down but also the circumstances on which they could go up.
Hell yes its a bizarre statement, seems 3000% drop would result in the insurance companies paying companies for the privilege of providing insurance
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Hell yes its a bizarre statement, seems 3000% drop would result in the insurance companies paying companies for the privilege of providing insurance
The bottom line is that Obama and the dems lied every which way possible to get this mess passed.
Ha ha ha - you cant make this up. Obama was the main one who made the corrupt deal with Big pharma!!!
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“We see it as an entrepreneurial bill,” Pelosi said on May 14, “a bill that says to someone, if you want to be creative and be a musician or whatever, you can leave your work, focus on your talent, your skill, your passion, your aspirations because you will have health care.”
These people are sick.
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No they are power hungry politicians, they will do whatever they can to stay in power, no matter the expense.
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“We see it as an entrepreneurial bill,” Pelosi said on May 14, “a bill that says to someone, if you want to be creative and be a musician or whatever, you can leave your work, focus on your talent, your skill, your passion, your aspirations because you will have health care.”
This is retarded to me... How about you do what you have to do to pay the bills?
Just unbelievable.
Now don't get me wrong... I was and am all for a public option, but this is retarded talk.
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Are you leftists proud of yourselves for voting for this?
McCain would have done exactly the same thing. So what's your point?
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McCain would have done exactly the same thing. So what's your point?
Yeah right, even it McCain would have pushed "health care reform" the democrats would not have voted for it, no way they would let a republican POTUS get "credit" for that.
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McCain would have done exactly the same thing. So what's your point?
Oh please - McCains plain was nothing compared to the monsotrosity that obama rammed through. Not even remotely close.
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BUMP
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BUMP
Elemdorff confirmed that this mess will cost 800,000 jobs.
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bump
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Bump