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  1. #1
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    Default Underemployment and ObamaCare

    Quote Originally Posted by heart View Post
    http://finance.yahoo.com/tech-ticker/businesses-react-to-rising-cost-of-obamacare-they%27re-cutting-benefits-450638.html?tickers=mdt,cat,vz,xlv,ixj,^dji,^gspc

    "Remember the part in the ObamaCare pitch when they said if you like your current healthcare, it won't change?

    Turns out it might.

    Companies are already announcing that their healthcare premium costs are going through the roof. Some are responding by firing people. Some are cutting benefits. And some are presumably eating it.

    But costs they are a-rising.

    A few examples from the WSJ:
    -- Caterpillar said it would cost the company at least $100 million more in the first year alone.
    -- Medical device maker Medtronic warned that new taxes on its products could force it to lay off a thousand workers.
    -- Verizon announced to employees that it will likely have to cut healthcare benefits to offset the new costs.

    So, people who like your employer-provided health insurance, get ready to pay more or get less."


  2. #2
    Diabolical Kasper's Avatar
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    Default

    Split out to it's own thread as requested.

  3. #3
    Order Now! pure_mercury's Avatar
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    So, the government mandates that everyone buy/acquire something, and the prices for it start to go through the roof? Imagine that.
    Who wants to try a bottle of merc's "Extroversion Olive Oil?"

  4. #4
    Senior Member lowtech redneck's Avatar
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    Default

    Quote Originally Posted by pure_mercury View Post
    So, the government mandates that everyone buy/acquire something, and the prices for it start to go through the roof? Imagine that.
    "But the intentions are so good, and at least something is being done-that makes it a step in the right direction!" :rolli:

    Yeah, that's essentially the most common response I'm hearing from supporters of the bill.

  5. #5
    Senior Member Ethereal's Avatar
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    Quote Originally Posted by pure_mercury View Post
    So, the government mandates that everyone buy/acquire something, and the prices for it start to go through the roof? Imagine that.
    I'm sure it will solve itself, as long as we keep on throwing more money at it

  6. #6
    Yeah, I can fly. Aleksei's Avatar
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    Quote Originally Posted by pure_mercury View Post
    So, the government mandates that everyone buy/acquire something, and the prices for it start to go through the roof? Imagine that.
    Well, the rationale is that a wider insurance pool would dilute insurance costs among more people. Remember, people are not being made to buy more healthcare, they're made to pay more into a collective savings scheme that pays out healthcare expenses.

    'Course, if costs are going up then it's obviously not working.
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  7. #7
    Senior Member Lateralus's Avatar
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    Costs are already going through the roof. Health care demand is inelastic. Free market solutions cannot fix all of the problems with the system, such as patients who have 22 prescriptions from 14 different doctors.
    "We grow up thinking that beliefs are something to be proud of, but they're really nothing but opinions one refuses to reconsider. Beliefs are easy. The stronger your beliefs are, the less open you are to growth and wisdom, because "strength of belief" is only the intensity with which you resist questioning yourself. As soon as you are proud of a belief, as soon as you think it adds something to who you are, then you've made it a part of your ego."

  8. #8
    Yeah, I can fly. Aleksei's Avatar
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    All healthcare schemes are gonna fail until the government realizes that cost, rather than delivery method, is the problem. European healthcare isn't in trouble not because they have universal care, but because they practice extrensive rationing and triage, keeping costs low enough to be available to the public (Which matters because "free" healthcare is mostly financed out of payroll taxes).

    Great handle, by the way. Love that song.
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  9. #9
    Senior Member Lateralus's Avatar
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    Another problem with free market solutions, fee for service. That's a horribly inefficient way to run a health care system.
    "We grow up thinking that beliefs are something to be proud of, but they're really nothing but opinions one refuses to reconsider. Beliefs are easy. The stronger your beliefs are, the less open you are to growth and wisdom, because "strength of belief" is only the intensity with which you resist questioning yourself. As soon as you are proud of a belief, as soon as you think it adds something to who you are, then you've made it a part of your ego."

  10. #10
    Yeah, I can fly. Aleksei's Avatar
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    I don't see why.
    [SIGPIC][/SIGPIC]

    Teacher (Idyllic), ESE-IEI (Si-ESFj), SLue|I|, Sanguine-Melancholy
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