Tag Archives: ACA

ON AIR with Host Mike Miller of WIMA 1150

The Foundations Weekly OnPoint Series continues with Host Mike Miller of 1150 WIMA in Lima, Ohio and Policy Analyst, Curtis Greco. This week features “ACA: From Here to the Blast Zone!” This vignette appears throughout the week during Michael’s 6-9 a.m. (ET) Show. Ohio’s In-Tune & In-Touch Host, catch him Live in-market or online at www.1150wima.com

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CBO Backtracking Concealment

It was only a matter of time before the CBO was forced to reinvent its message; one of the luxuries of transient conviction is the ease with which a previous statement can be made to despise itself into a loftier and equally translucent conviction.

Focusing on the maze of fractures that is Obamacare left none-the-wiser as to the greater concealment neatly wrapped within the bindings of the CBO Report: Revenues are falling, spending is out of control, unfunded entitlements are exploding, labor participation rates are plunging, debt load is out of control, the government component of GDP has now moved past 64% of the economy, there is no debt-reduction plan in the works.

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Pavlov’s Many Dogs

On a recent radio appearance the discussion centered around the publics perceptions of Obamacare/ACA. A caller was asked for their thoughts and here’s their response:

“…a,…well, I guess my biggest surprise was the cost,…I mean like,…they expect me to pay for it? There’s rich people fly’n around in airplanes and they expect me to pay for healthcare? Now that’s just not right in a country that has so many wealthy people!”

Setting aside the simple truth that ACA is and has always been a concept that is unworkable, this one response illustrates precisely why the act will not work; no one who wanted it ever expected to pay for it!

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Projected Bailout Costs of ACA

The Congressional Budget Office estimated that ACA will cost the government (that’s code for: “YOU”) $1.7 trillion over the next decade; that’s approximately $107 billion per year. Unfortunately, that doesn’t include the component of ACA that “reinsures” the insurance companies for their operating losses and considering that, to appease Mr. Obama, the companies will keep premiums as low as possible as it is quite easy to project the losses. Taking into account the various components, participation rates, premiums paid, claims-made factors and so on by 2015 the bailout would be no less than $152 billion on top of the already projected $107 billion and that doesn’t include the individual state run exchanges.

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An Asymmetric Economic Recovery:

The Administration loves to talk “Income Disparity” but what they won’t tell you is that the greatest growth in the void is caused by the plunging household incomes of middle-America. Of course the government lunatics will suggest that the cure lies in increasing the minimum wage and thanks to Obamacare they may have actually stumbled upon a tragic fact. As ACA takes further affect and becomes applicable to employers with larger workforces it is a fact that the costs associated with implementing ACA will likely make the economics such that it’s more cost-effective for employers to increasingly favor part-time employment.

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