Quote
Originally posted by: hoops2
"- Rolling back the new healthcare law to the tune of 250 billion borrowed from China "
This faulty statement is based on the bozo at the cbo who used faulty numbers.
The savings depend on a number of assumptions that are never going to happen
1) All entitlement programs cost more than anticipated - see medicare liability
2) All entitlement programs overestimate the revenue (which in this case may even be unconstitutional)
3) This is based on a 10 year projection using 10 years of revenue but only 6 years of costs. Once the program extends past 10 years it becomes a loser
4) It is dependent on the 25% cut in medical reimbursements in Medicare which has already been deferred twice already
5) Companies such as AT&T & Caterpillar have indicated they would rather pay the $2,000 penalty & have employees go on the subsidized plan. Thus putting more people in these programs & increasing costs.
6) The bill assumes young employees will opt into these plans increasing the premium revenue; when in fact they may roll the dice and stay out of the plans until necessary.
7) cbo estimates excludes the increase in fed employees to manage this program
8) cbo also allows double counting of medicare savings, by saying the program will save money on medicare and at the same time reduces the cost of obamacare. These are 2 different programs 7 you can only save the money in one place
Tell me something, Hoops. What funding is in place for the 500 billion dollar prescription drug plan that you and the GOP are fighting tooth and nail to bring back into place? There was absolutely zero funding for it when it was passed.
Like most from your side of the aisle you nitpick at the funding measures of the new bill. I would love to nitpick at the funding measures for the plan you support we revert back to but I cant - because there aren't any.
