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Law’s cost unknown

April 8, 2013

It may seem to some Americans that new revelations of what “Obamacare” — the national health care takeover law — will cost have become a regular feature of news reports....

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(61)

taxtired

Apr-12-13 2:15 PM

The insurance companys know. Bet they will not tell.

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TiredOfTax

Apr-12-13 2:05 PM

When you are on top you are not given. You take. The way to defeat that is not give to your selected bad guy choose another bad guy to support just like presidents!

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MrBoB51

Apr-12-13 11:36 AM

I don't know what to tell you drugs. Ask Progressives why they are destroying the middle class and regulating business out of existence so you can't make a decent wage, you might get an answer but I doubt it. While you're at it, ask them why they insist in creating 'victims' and 'Classes' of people. Let us know how you make out.

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drugsrus

Apr-11-13 9:12 PM

I'm not talking about taking away anything. How about just not giving the top so much more and rebuilding the middle class. Pay a working man what he deserves, not as little as you can get away with.

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MrBoB51

Apr-11-13 6:29 PM

I totally agree drugs, as long as I'm not forced to 'give' what I earned to someone else whether they deserve it or not. The idea that someone who has more than someone else is somehow unfair sounds nice if you're not the one who has to give away the fruits of success. That's also called Collectivism and it stinks.

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drugsrus

Apr-11-13 5:00 PM

MrBoB, yup we've lost that concept of "reasonable" or "I have enough" Today nobody has enough. People making more than could be reasonably spent in 100 lifetimes want more, and if that means that ticket prices for games or other events need to be doubled - not my problem. If the board of directors thinks that I "deserve" a 7 figure bonus - I'll take it even if the company is closing several locations - too bad I got mine.

There aren't too many around with decent moral standards. Most feel that nothing matters as long as I GOT MINE

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yukonjack

Apr-11-13 4:36 PM

@drugrus..They are off shore..

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PleaseGetAClue

Apr-11-13 12:06 PM

HEY TOT....please explain your "disagree" with my posting on teh Wal*Mart subsidy....so you think its a good thing to hand over $18 million of our tax dollars to Wal*Mart becuse it was a republican idea? or was it (like mostof your disagrees) just because it was posted by someone who supports someone other than republicans?

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MrBoB51

Apr-11-13 9:32 AM

One question drugs, 'reasonable' by who's standards? Yours, mine or what Govt. regs. consider reasonable? When you ask someone to 'be reasonable' or 'calm down' what happens? Usually more of the opposite.

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drugsrus

Apr-10-13 9:31 PM

Henry Ford, way before the UAW, raised his employees wages to the ungodly sum (for the times)of $5/day. His mindset was that hthe employees should be able to afford to buy what they manufacture. So where are today's true capitalists

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drugsrus

Apr-10-13 9:27 PM

MrBoB, right as you are, here is another point that today's capitolists most times miss. With freedom comes responsibility, you are free to make all the $$ you can or want to, but you also have a responsibility to ask yourself - am I being reasonable?? - what happens if ..... -- The only bottom line that matters is how fat is my wallet. Why should I be forced to pay skilled people high wages when I can get "acceptable" work done at less than half the price and increase my profit?? Crony capitalism and greed go hand in hand. A good capitalist looks for ways to improve the lot of many. (con't)

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TiredOfTax

Apr-10-13 6:11 PM

If the misreps wanted to do something right about the healthcare problems they would have done things to correct the problems, not just dump 30 million on and have half that number lose their coverage because OF THE PROBLEM... COST! If they had made insurance compete across state lines, done anything about frivolous lawsuits, looked into why medicines are so much cheaper anywhere but the USA or any of thousands of improvements it may have gotten some republican support. It did nothing for the problems but in true government form created tons of new problems. Guess what the answer to those new problems are, they are to simply pour more tax dollars into the problem. In 10 years the costs will be outrageous and in 20 years they will still be looking at the problems with this idiotic policy! The did it ALL wrong and it needs repeal!

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yukonjack

Apr-10-13 5:26 PM

Editorial credibility at LH dropped ,....again.It was the Republican Party that watered down and destroyed this bill...and that is a FACT!!

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MrBoB51

Apr-10-13 5:13 PM

Since economics is the prediction of an activity, guessing certainly is the point. All the 'guessing in the past few years has brought us into the situation we are in now...trying to figure out who's guesses best reflect economic activity. My guess is most of them are wrong.

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PleaseGetAClue

Apr-10-13 1:34 PM

Continued: "If Walmart replaced adults making more than the minimum wage with students at the minimum wage, the subsidy would increase, and its labor bill would be lower.

It is true the Fiscal Policy Institute is making a lot of guesses in its calculations. Whether these are right or not is beside the point. The last thing state policy should be doing is encouraging large retailers to pay minimum wages. Even people like me think retail wages need to rise, although we want a strong economy to force employers to pay more.

The most amazing—and disheartening—part of this story is that as far as I know, no one in Albany responsible for this problem—not Gov. Andrew Cuomo, not Senate Republican leader Dean Skelos—had admitted to making a mistake or pledged to fix it."

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PleaseGetAClue

Apr-10-13 1:33 PM

While we're reviewing costs for a bad idea, why not discuss this as well: "Should we—meaning New York state taxpayers—subsidize Wal-Mart Stores Inc. when it hires teenagers still in school and pays them exactly the minimum wage? Of course not.

But that is exactly what is going to happen under the tax credit championed by Senate Republicans, supposedly to help small businesses cope with the increase in the state's minimum wage to $9 over the next three years. (See Skelos and Co. flunk economics again for background.)

The state's Fiscal Policy Institute, in agreement for once with the conservative Empire Center that the tax credit is a lousy idea, has done some work on the issue. Its research, posted late last week, says that about 11% of Walmart's workers in the state are teenagers in school. If it pays them all exactly the minimum wage, the nation's largest retailer would get a $19 million subsidy over the next five years. If Walmart replaced adults making more than the minimum

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MrBoB51

Apr-10-13 10:07 AM

To summarize, every time you shop for the best price on an item you are practicing capitalism, is that being greedy or thrifty? You can't have it both ways.

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MrBoB51

Apr-10-13 9:44 AM

(cont) We all know how that worked out. So, in my opinion, 'unbridled Capitalism has not existed in this country since the First Bank in the US was formed in 1791, then The Federal Reserve with interest manipulation. So, by attempting to impose its will on the Market, thru 'unbridled regulations', Govt is largely to blame for today's problems, not Capitalism.

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MrBoB51

Apr-10-13 9:39 AM

'Unbridled Capitalism'..Ok here goes, Capitalism is a system by which individuals engage in a series of voluntary interactions intended to maximize their own self interest. That self interest is regulated by 2 types of rules; 'cannot' and 'must'. Govt. regulations (cannot) are designed to force indiv's and business's not to engage in practices that may be in their best interest but detrimental on a societal basis, ie. false advertising, dumping waste into our streams. When applied uniformly this type of regulation has a positive impact. The most damaging to society are 'must' rules. These force business's and people to act contrary to their best interest, ie. Min. wage laws, CAFE stds.. These disrupt the the normal function of the free market. The best example I can think of the the Community Reinvestment Act of 1977 which forced banks to loan to people who could never pay them back, which led to Fannie an Freddie. (Cont.)

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DaveGibson

Apr-09-13 6:16 PM

You're correct, Drugs, but times were certainly different then. All of my relatives went to work at GE right out if high school, and every one but one retired from there. The one who didn't got "downsized" by Jack Welch.

Those life long employers provided good working conditions and good benefits, including health insurance. Most employers did. That is not the case anymore simply because of the unbearable costs to the employer. The lone exception, for the most part, is public sector employees.

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TiredOfTax

Apr-09-13 6:14 PM

West Virginia Democratic Sen. Jay Rockefeller, one of the towering architects of Obamacare, on Tuesday openly criticized program managers for not moving quickly enough to build the system, warning that if it gets off to a bumpy start it will just get worse.Decrying the Patient Protection and Affordable Care Act as way too complex, he warned the acting Medicare director that Obamacare is "so complicated and if it isn't done right the first time, it will just simply get worse.""I believe that the Affordable Care Act is probably the most complex piece of legislation ever passed by the United States Congress. Tax reform obviously has been huge too, but up to this point it is just beyond comprehension," said Rockefeller.

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drugsrus

Apr-09-13 5:59 PM

We need a return to a more moral, honest, society. But where do we start?? GHW Bush made the statement that we need a "kinder and gentler society" -- where does that start?? In 1986 Ron Reagan stated that "health care costs have out paced inflation by 25 times" - Where was the outrage then???? It is time for the good citizens (if there are any left) of the twin cities (J'town & G'ville) to take the towns back from the pajama gang and maybe knock some heads around. Speak up when you see something going on that is clearly wrong

I'm on a roll here

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drugsrus

Apr-09-13 5:51 PM

Dave, you are right in your retrospect. People were alsoa lot kinder to each other, even the wealthy COEs had a sense of having enough, and there were good corporate citizens all over the country ( GE in Schnecetdy, Beech-Nut in Canjo, MACK truck in Allentown, Pa., Bethlehem Steel - to name a few) Not many of them are left. The middle class is long gone. Who still buys a new car every few years??? The old high tax rates only kicked in when you hit the higher bracket. Even today, those that cry over our high taxes fail to mention that they pay the same as everybody else on lesser amounts. That 93% was not on every dollar earned. con't

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DaveGibson

Apr-09-13 4:21 PM

Bob, we had limited government decades ago. We had a booming economy in the 1950s, for example, and the wealthy didn't mind paying an upper tax limit of 93%. They also didn't mind polluting our waters and air, growing food sprayed with DDT, and so on. We need government regulation of unbridled capitalism.

One of the last to be addressed in our society is health care. It is the most expensive in the world. Unless you're 65 or indigent, you have to either buy private insurance or be private pay. Most of us can't be private pay because of the exorbitant cost of being seriously ill. However, 36% of applicants are denied health insurance coverage in those 45 states that have no government oversight.

I'm all for free enterprise and free markets where appropriate, but I have a real problem when, for example, the average compensation of a hospital CEO is $600k (Littauer's Kelly pulls in over $500k annually). You can find outrageous stuff like this everywhere in US health care.

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MrBoB51

Apr-09-13 3:38 PM

Dave, a lot of don't agree with your premise of Gov't control over the private sector. My question to you or anyone is whats wrong with a Constitutional, limited Government? Then to follow up, do you prefer Freedom or the Collective?

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