What The Republican ‘Compromise’ Of Delaying Obamacare For A Year Would Do To The Economy

[sheshe2]

snip

Furthermore, delaying Obamacare’s individual mandate — a central tenet of the health law that requires everyone to purchase insurance — would have catastrophic effects. The Congressional Budget Office (CBO) projects it would end up forcing Americans to pay higher premiums for their health coverage. Healthier people would be discouraged from buying insurance, resulting in an older and sicker pool of people in the individual market and encouraging insurers to submit higher rates. The delay would ultimately hike premiums by an estimated 15 to 20 percent.

And according to the CBO, a one-year delay would leave about 11 million Americans uninsured, ultimately reducing the expected coverage gains under the health reform law by nearly 85 percent. As those uninsured Americans end up seeking care in hospitals, the cost of providing that uncompensated care will offset any costs that are achieved by delaying Obamacare’s coverage expansion. Ultimately, delaying the mandate doesn’t actually save the government any money.

As Wonkblog reports, delaying the individual mandate would have a “ripple effect” throughout the health insurance industry. That sector has been preparing for impending changes under Obamacare, and a last-minute decision to delay the law would be a huge drain on the companies that have already spent millions of dollars on advertising and outreach campaigns. “It’s just too late,” Joe Antos, a health policy researcher at the American Enterprise Institute, told Wonkblog. “Everybody who is involved, insurance companies and hospitals and any other big entity, they’re ready to go. They really can’t make any changes.”

When the Affordable Care Act was winding its way through the court system last summer, a conservative federal judge made the point that suddenly striking down health reform would create “economic chaos.” And at this point, as many of Obamacare’s consumer protections have already taken effect, the individual mandate is inextricably linked to making the health reform law work in practice. A new paper from the Urban Institute notes that delaying the individual mandate would “seriously disrupt overall implementation” of health reform.

More

http://thinkprogress.org/economy/2013/09/29/2697501/republican-obamacare-delay-economy/

[freshwest]

1. These guys hate the American people so much..

[sheshe2]

3. Companies have spent time effort and money

To help implement something that would benefit so many people. This is a huge outreach program that these companies have implemented.

Wait what, I thought the GOP adored businesses. They love the big ones and feign interest in the smaller ones. Yet now they want to see them lose money after investing in the American people and their health needs. These businesses are trying to help fortify Americans and make them healthier. Now the GOP wants to delay healthcare at the cost of American lives and to the detriment of these companies!

Way to go GOP!

I damn sure hope you lose big time in 2014 and 2016, so that you may never rear your ugly head again! You are the destroyers of everything that is good in this country. May you rot in hell.

GOTV 2014 and 2016. Tell them NO!

Yikes freshwest! Sorry of rant now~

[sheshe2]

5. Ah, no...

Obamacare prohibits lifetime limits (A cap on the total lifetime benefits you may get from your insurance company) on most benefits in any health plan or insurance policy issued or renewed on or after September 23, 2010. In 2014, Obamacare prohibits new plans and existing group plans from imposing annual dollar limits (a cap on the benefits your insurance company will pay in a year) on the amount of coverage an individual may receive.

‘‘(1) IN GENERAL.—A group health plan and a health insurance issuer offering group or individual health insurance coverage may not establish—

‘‘(A) lifetime limits on the dollar value of benefits for any participant or beneficiary; or

‘‘(B) except as provided in paragraph (2), annual limits on the dollar value of benefits for any participant or beneficiary.
‘‘(2) ANNUAL LIMITS PRIOR TO 2014.—With respect to plan years beginning prior to January 1, 2014, a group health plan and a health insurance issuer offering group or individual health insurance coverage may only establish a restricted annual limit on the dollar value of benefits for any participant or beneficiary with respect to the scope of benefits that are essential health benefits under section 1302(b) of the Patient Protection and Affordable Care Act, as determined by the Secretary. In defining the term ‘restricted annual limit’ for purposes of the preceding sentence, the Secretary shall ensure that access to needed services is made available with a minimal impact on premiums.

‘‘(b) PER BENEFICIARY LIMITS.—Subsection (a) shall not be construed to prevent a group health plan or health insurance coverage from placing annual or lifetime per beneficiary limits on specific covered benefits that are not essential health benefits under section 1302(b) of the Patient Protection and Affordable Care Act, to the extent that such limits are otherwise permitted under Federal or State law.



- See more at: http://thanksobamacare.org/index.php?id=11#sthash.idy4QrCk.dpuf

So biggovernment, I suggest you learn a few more facts. DU loves facts not fiction. Enjoy your stay.

[sheshe2]

9. Would you please explain and link to your sources.

I would appreciate that. Thank you.

[Cha]

4. It's the LAW! That's why the lying pieces of Slime want to do it, she..

Good find!

Poor teabaggers are throwing a last ditch effort to Kill Obamacare and they're looking real stupid doing it.

Glad we have President Obama and "BFD" VP Biden at the helm!

Thank you, she!

[sheshe2]

6. Thanks, Cha and

for Obamacare!

For now.... till tomorrow~

[Cha]

7. One more Day!

Obamacare

And, thank you, she~

[Cha]

11. Kick for Hell NO We're Not Delaying Obamacare..

MoFos.. One Mo Day!



http://www.democraticunderground.com/110217131

[Beartracks]

12. The GOP always just breaks government, so they can then claim it doesn't work.

To clarify what Ronald Reagan said: "Government with Republicans in it isn't the solution; government with Republicans in it is the problem!"

=====================

[brer cat]

13. You are so right, Beartracks. nt

[brer cat]

14. Not to mention the people who will die.

I guess we don't have to concern ourselves with those too poor to take care of themselves.

[TBF]

15. Fuck them. Seriously -

how many people have to die before folks vote out these monsters in the house.

[Nuclear Unicorn]

16. Smells like double-speak for "feed the corporations."