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In 1965, the House Ways and Means Committee estimated that the hospital insurance program of Medicare - the federal health care program for the elderly and disabled - would cost $9 billion by 1990. The actual cost that year was $67 billion.
In 1967, the House Ways and Means Committee said the entire Medicare program would cost $12 billion in 1990. The actual cost in 1990 was $98 billion.
In 1987, Congress projected that Medicaid - the joint federal-state health care program for the poor - would make special relief payments to hospitals of less than $1 billion in 1992. Actual cost: $17 billion.
The list goes on. The 1993 cost of Medicare's home care benefit was projected in 1988 to be $4 billion, but ended up at $10 billion. The State Children's Health Insurance Program (SCHIP), which was created in 1997 and projected to cost $5 billion per year, has had to be supplemented with hundreds of millions of dollars annually by Congress. Barely two weeks in office, Mr. Obama signed a $33 billion bill that will add 4 million mostly low-income children to the SCHIP program over the next 4 1/2 years.
Phatscotty wrote:It's not like Strike's graph is news. Government programs always cost more than they say it will (which is a great reason to stop trusting their estimates and promises???)
BigBallinStalin wrote:Besides the probable $2.6 trillion over 10 years for Obamacare, was there any mention of costs decreasing for health insurance in the private sector?
Adds Trillions to Deficits and Debt?
Romney: And even with those cuts and tax increases, Obamacare adds trillions to our deficits and to our national debt, and pushes those obligations on to coming generations.
The costs of the insurance coverage provisions of the health care law include federal subsidies for lower-income individuals to help them purchase insurance, expansion of Medicaid eligibility and tax credits for small businesses that provide coverage. In March, the nonpartisan Congressional Budget Office revised its estimate on the gross cost of those provisions of the law over the next 10 years. The updated estimate ā $50 billion higher than the year before ā came to nearly $1.5 trillion.
But thatās only looking at one side of the budgetary ledger ā cost. Even though Romney claims he factored those in, his figure ignores major cost-cutting provisions including cuts in the future growth of Medicare and increased payroll taxes and investment-income taxes on higher-income earners (the same ones Romney had just mentioned).
Once all those revenue streams are factored in, CBO has estimated that the law would actually reduce the federal deficit by $210 billion over the 2012-2021 period (see Table 1, page 2). CBO did not update that overall figure in its latest report.
Table 1.
Estimated Budgetary Effects of the Enactment of PPACA and
the Health Care Provisions of the Reconciliation Act
(Billions of dollars, by fiscal year)
Sources: Congressional Budget Office; staff of the Joint Committee on Taxation.
Notes: The March 2010 estimates come from CBOās cost estimates for PPACA and the Reconciliation
Act released in March 2010. The February 2011 estimates were produced using the CBO
baseline projections of revenues and outlays available in early 2011, and the March 2011
estimates were taken from CBOās March 2011 baseline projections.
PPACA = Patient Protection and Affordable Care Act; Reconciliation Act = Health Care and
Education Reconciliation Act of 2010; n.a. = not available.
a. The gross cost of insurance coverage provisions reflects additional spending for Medicaid and
the Childrenās Health Insurance Program, exchange subsidies and related spending, and tax
credits for small employers. The net cost of insurance coverage provisions reflects that spending
partly offset by penalties paid by uninsured individuals and employers, excise taxes on highpremium
insurance plans, and other effects of the provisions on tax revenues and outlays.
and the remaining fraction will include individuals who are ineligible for subsidies,
are exempt from the individual mandate, choose not to comply with the mandate, or
have some combination of those characteristics.
Estimated Budgetary Effects from 2012 to 2021: Direct Spending and
Revenues
The legislation will have a number of effects on the federal budgetāincluding added
spending to subsidize the purchase of health insurance and increased outlays for Medicaid,
as well as reductions in outlays for Medicare and added revenues from taxes,
fees, and penalties. On net, CBO and JCTās latest comprehensive estimate is that the
effects of the two laws on direct spending and revenues related to health care will
reduce federal deficits by $210 billion over the 2012ā2021 period (see Table 1).
938 931 934 1,390 971 1,445
788 778 733 1,042 794 1,131
-492 -498 -477 -732 n.a. n.a.
-420 -412 -376 -520 n.a. n.a.
Net Increase or
Decrease (-) in the Deficit -124 -132 -119 -210 n.a. n.a.
401 393 417 604 n.a. n.a.
525 524 536 813 n.a. n.a.
2012-
Estimates
Effects on the Federal Budget Deficit
Gross cost
Net cost
Memorandum:
Effects on Outlays
Effects on Revenues
Insurance coverage provisionsa
Other provisions affecting direct spending
Other provisions affecting revenues
March 2010 February 2011 March 2011
2019
2010-
2019
2012-
2021
2012- 2012-
2019
2012-
2021
Estimates Estimates
2019
Kills Jobs?
Romney: Obamacare is a job-killer. Businesses across the country have been asked what the impact is of Obamacare. Three-quarters of those surveyed by the Chamber of Commerce said Obamacare makes it less likely for them to hire people.
As we have written before, claims about the health care law killing jobs are overblown.
This has been a standard line of attack for Republicans ā one that was formalized in a January 2011 House bill titled āRepealing the Job-Killing Health Care Law Act.ā
Itās true that the amount of labor in the economy would be reduced by āa small amount,ā about half a percent, according to the CBO. That currently equals about 675,000 jobs. But the jobs would not be lost or killed. Most of those workers would have the āfinancial resourcesā ā because of the subsidies provided by the law ā to retire or reduce their hours, the CBO says.
Now, CBO also said that some businesses seeking to avoid paying for insurance could hire more part-time workers, rather than full-time employees. And John Sheils, senior vice president of The Lewin Group, has estimated that 150,000 to 300,000 low-wage jobs could be lost. But that estimate does not include the potential for job increases in the health and insurance industries. Overall, Sheils told us there would be a āsmall net job loss.ā
Romney cites a recent online survey to support his claim that the law is a ājob-killer.ā The U.S. Chamber of Commerce conducted an online survey in late March and early April, and 1,339 executives at companies with fewer than 500 employees and revenues of less than $25 million participated. The chamber, which opposes the health care law and has run numerous TV ads attacking it, reported that 73 percent said the health care law is āan obstacle to growing their business and hiring more employees.ā
That statistic was based on an online, opt-in survey of small-business executives. A press release from the Chamber of Commerce about the survey carries a large caveat: āThis online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated.ā In other words, the chamber canāt be sure itās a representative sample of small-business executives.
Those kinds of surveys can be useful for marketing research purposes, said Scott Keeter, director of survey research at the Pew Research Center and the most recent past president of the American Association for Public Opinion Research. āBut from the point of view of public policy decisions, they tend not to be given much credence.ā
āThe bottom line is that surveys that have self-selected samples donāt have any known relation to the target group [in this case small-business owners],ā Keeter said. āAs a result, it is difficult, if not impossible, to know what kind of weight to give this.ā
That is why, Keeter noted, that major news organizations like the Washington Post, New York Times and ABC News have strict policies prohibiting the reporting of such surveys.
Symmetry wrote:Phatscotty wrote:It's not like Strike's graph is news. Government programs always cost more than they say it will (which is a great reason to stop trusting their estimates and promises???)
That something costs money is a puerile point if....
Phatscotty wrote:Symmetry wrote:Phatscotty wrote:It's not like Strike's graph is news. Government programs always cost more than they say it will (which is a great reason to stop trusting their estimates and promises???)
Compared to what though? That something costs money is a puerile point if....
The point is not that something costs money.![]()
The point is the cost in money is often 10 times what it would supposed to be.
PLAYER57832 wrote:Phatscotty wrote:Symmetry wrote:Phatscotty wrote:It's not like Strike's graph is news. Government programs always cost more than they say it will (which is a great reason to stop trusting their estimates and promises???)
Compared to what though? That something costs money is a puerile point if....
The point is not that something costs money.![]()
The point is the cost in money is often 10 times what it would supposed to be.
No, the point is that this accusation is often thrown out because government services either specifically deal with something not actually identical to the private sector, often jobs that don't even exist in the private sector.
Phatscotty wrote:Symmetry wrote:Phatscotty wrote:It's not like Strike's graph is news. Government programs always cost more than they say it will (which is a great reason to stop trusting their estimates and promises???)
That something costs money is a puerile point if....
The point is not that something costs money.![]()
The point is the cost in money is often 10 times what it was supposed to be.....exactly like the post you responded to says![]()
![]()
Symmetry wrote:Phatscotty wrote:Symmetry wrote:Phatscotty wrote:It's not like Strike's graph is news. Government programs always cost more than they say it will (which is a great reason to stop trusting their estimates and promises???)
That something costs money is a puerile point if....
The point is not that something costs money.![]()
The point is the cost in money is often 10 times what it was supposed to be.....exactly like the post you responded to says![]()
![]()
So what? If you're not willing to even respond to the idea that there might be comparisons, and you're just going to edit your way to a justifiable argument, what can I do?
Phatscotty wrote:PLAYER57832 wrote:Phatscotty wrote:Symmetry wrote:Phatscotty wrote:It's not like Strike's graph is news. Government programs always cost more than they say it will (which is a great reason to stop trusting their estimates and promises???)
Compared to what though? That something costs money is a puerile point if....
The point is not that something costs money.![]()
The point is the cost in money is often 10 times what it would supposed to be.
No, the point is that this accusation is often thrown out because government services either specifically deal with something not actually identical to the private sector, often jobs that don't even exist in the private sector.
you telling me what my point was? Or are you just adding an excuse (which does nothing to change the reality of the statement)
Phatscotty wrote:Symmetry wrote:Phatscotty wrote:Symmetry wrote:Phatscotty wrote:It's not like Strike's graph is news. Government programs always cost more than they say it will (which is a great reason to stop trusting their estimates and promises???)
That something costs money is a puerile point if....
The point is not that something costs money.![]()
The point is the cost in money is often 10 times what it was supposed to be.....exactly like the post you responded to says![]()
![]()
So what? If you're not willing to even respond to the idea that there might be comparisons, and you're just going to edit your way to a justifiable argument, what can I do?
I'm sure there are comparisons. Go ahead and make them!
BigBallinStalin wrote:How does our freedom lead to poorer healthcare, especially those who are poor?
Phatscotty wrote:The point is the cost in money is often 10 times what it was supposed to be.....exactly like the post you responded to says![]()
![]()
Symmetry wrote:Phatscotty wrote:Symmetry wrote:Phatscotty wrote:Symmetry wrote:Phatscotty wrote:It's not like Strike's graph is news. Government programs always cost more than they say it will (which is a great reason to stop trusting their estimates and promises???)
That something costs money is a puerile point if....
The point is not that something costs money.![]()
The point is the cost in money is often 10 times what it was supposed to be.....exactly like the post you responded to says![]()
![]()
So what? If you're not willing to even respond to the idea that there might be comparisons, and you're just going to edit your way to a justifiable argument, what can I do?
I'm sure there are comparisons. Go ahead and make them!
Lazy stuff, Scotty, if you're just gonna say that it costs something, I think it's fair for me to ask what you're comparing it against. I have no idea what you're comparing the costs against- you and NS seem kind of averse to employing any kind of comparison.
Woodruff wrote:john9blue wrote:you didn't make a "point", you merely stated your opinion, which i disproved with a counterexample. you then proceeded to tell me that i was illiterate.
I did, in fact, make exactly the point I stated I made. That you're not seeing it isn't a sign of your tremendous reading comprehension skills, certainly. That probably happened because you weren't answering that question.
Woodruff wrote:john9blue wrote:there is a difference between taking someone's rights and violating someone's rights.
What is the actual difference between having no rights and having your rights taken away from you?
natty_dread wrote:Do ponies have sex?
(proud member of the Occasionally Wrongly Banned)Army of GOD wrote:the term heterosexual is offensive. I prefer to be called "normal"
john9blue wrote:Woodruff wrote:john9blue wrote:there is a difference between taking someone's rights and violating someone's rights.
What is the actual difference between having no rights and having your rights taken away from you?
there is no difference. however, my point is that if someone violates one of your rights (for example, they violate your right to own property by stealing from you) then they have NOT taken that right away from you. if they had taken that right away from you, then you would no longer have the right to own property, and everyone else could start stealing from you without penalty.
you understand? read it closely so you understand what i was trying to say. don't force me to make another Valid Comparison.
Woodruff wrote:john9blue wrote:Woodruff wrote:john9blue wrote:there is a difference between taking someone's rights and violating someone's rights.
What is the actual difference between having no rights and having your rights taken away from you?
there is no difference. however, my point is that if someone violates one of your rights (for example, they violate your right to own property by stealing from you) then they have NOT taken that right away from you. if they had taken that right away from you, then you would no longer have the right to own property, and everyone else could start stealing from you without penalty.
you understand? read it closely so you understand what i was trying to say. don't force me to make another Valid Comparison.
I do understand what you're trying to get at, but I maintain that there is no relevant, real difference between having no rights and having your rights taken away from you. I'm quite certain that the persecuted Jews under Hitler did not feel particularly great that they had the right to "basic human rights" when they didn't have access to exercising those rights.
natty_dread wrote:Do ponies have sex?
(proud member of the Occasionally Wrongly Banned)Army of GOD wrote:the term heterosexual is offensive. I prefer to be called "normal"
john9blue wrote:Woodruff wrote:john9blue wrote:Woodruff wrote:john9blue wrote:there is a difference between taking someone's rights and violating someone's rights.
What is the actual difference between having no rights and having your rights taken away from you?
there is no difference. however, my point is that if someone violates one of your rights (for example, they violate your right to own property by stealing from you) then they have NOT taken that right away from you. if they had taken that right away from you, then you would no longer have the right to own property, and everyone else could start stealing from you without penalty.
you understand? read it closely so you understand what i was trying to say. don't force me to make another Valid Comparison.
I do understand what you're trying to get at, but I maintain that there is no relevant, real difference between having no rights and having your rights taken away from you. I'm quite certain that the persecuted Jews under Hitler did not feel particularly great that they had the right to "basic human rights" when they didn't have access to exercising those rights.
rights are an idealistic concept. just because reality decides that everyone can't always have all their rights all the time doesn't mean that the people who trample on them (such as the government) are now the arbiters of what is a "right".
john9blue wrote:Woodruff wrote:john9blue wrote:Woodruff wrote:john9blue wrote:there is a difference between taking someone's rights and violating someone's rights.
What is the actual difference between having no rights and having your rights taken away from you?
there is no difference. however, my point is that if someone violates one of your rights (for example, they violate your right to own property by stealing from you) then they have NOT taken that right away from you. if they had taken that right away from you, then you would no longer have the right to own property, and everyone else could start stealing from you without penalty.
you understand? read it closely so you understand what i was trying to say. don't force me to make another Valid Comparison.
I do understand what you're trying to get at, but I maintain that there is no relevant, real difference between having no rights and having your rights taken away from you. I'm quite certain that the persecuted Jews under Hitler did not feel particularly great that they had the right to "basic human rights" when they didn't have access to exercising those rights.
rights are an idealistic concept. just because reality decides that everyone can't always have all their rights all the time doesn't mean that the people who trample on them (such as the government) are now the arbiters of what is a "right".
BigBallinStalin wrote:
Uh, guys, rights can either be infringed upon or protected/upheld. That's pretty much it. They can't be "removed."
Just sayin'.
PLAYER57832 wrote:BigBallinStalin wrote:
Uh, guys, rights can either be infringed upon or protected/upheld. That's pretty much it. They can't be "removed."
Just sayin'.
Its a moot point, particularly in the context of Nightstrike's argument that rights are things we get without depending on other people. If we don't have a system to uphold our rights, they plain just don't exist for us, whether an esoteric ideal says they do or not.
PLAYER57832 wrote:To claim that rights exist apart from the government's willingness and ability to uphold them is most particularly disengenuous. In a country, such as ours, where the government is literally formed by and of the people not some God-designated monarchy, this is particularly true.
PLAYER57832 wrote:America will never be attacked or conquered without its permission, but apathy will conquer the most powerful nation.
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