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Featured CBO Predicts 18 Million Uninsured, Higher Premiums In First Year After Obamacare Repeal And Delay

Discussion in 'News & Current Events' started by Crabtownboy, Jan 17, 2017.

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  1. Crabtownboy

    Crabtownboy Well-Known Member
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    The Congressional Budget Office just issued a report on the likely effects of a Republican effort to repeal Obamacare immediately but keep some elements of the coverage expansion in place for two years.

    The numbers are staggering and suggest the GOP will find it difficult to keep its promise of an “orderly transition,” unless they deviate significantly from a prototype repeal bill they passed last year.

    Within the first year, the CBO predicts, 18 million people would lose insurance. In addition, premiums for people buying coverage on their own would increase, on average, by 20 to 25 percent relative to what they would be if the Affordable Care Act remained in place.

    And that’s just the short-term effects that a “repeal-and-delay” strategy would have. Once Obamacare’s tax credits and Medicaid expansion expired fully, the CBO says, millions more could lose insurance and premiums would rise yet again.

    http://www.huffingtonpost.com/entry/obamacare-repeal-and-delay-cbo_us_587e4389e4b0f63fcfa3211b

    http://thehill.com/policy/healthcar...epeal-could-leave-32-million-without-coverage
     
    #1 Crabtownboy, Jan 17, 2017
  2. Yeshua1

    Yeshua1 Well-Known Member
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    Many of those people are choosing not to ge it,a s young and healthy, others under parents coverage still, and ohters under state coverage, so not nearly as big as that!
     
    #2 Yeshua1, Jan 17, 2017
  3. carpro

    carpro Well-Known Member
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    Wasted space. The above is not the plan.
     
    #3 carpro, Jan 17, 2017
  4. HankD

    HankD Well-Known Member
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    What would you expect from the Henny Pennies and Turkey Lurkeys?

    HankD
     
    #4 HankD, Jan 17, 2017
  5. Alcott

    Alcott Well-Known Member
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    O Fearful and Hateful, my premiums via employer tripled this year, soI I shopped on my own and pay about the same as last year. Government out!
     
    #5 Alcott, Jan 17, 2017
  6. HankD

    HankD Well-Known Member
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    My premiums went from $17.00/month to $99.00/month since ObamaCare.

    HankD
     
    #6 HankD, Jan 17, 2017
  7. carpro

    carpro Well-Known Member
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    Not bad. That's only a little over 500%. :Thumbsdown
     
    #7 carpro, Jan 17, 2017
  8. Crabtownboy

    Crabtownboy Well-Known Member
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    Your math is as bad as your logic. :Roflmao

    Do a bit of study and learn how to figure percentages.
     
    #8 Crabtownboy, Jan 18, 2017
  9. HankD

    HankD Well-Known Member
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    Repeat, I am giving the Trump administration a chance and some time before I begin a criticism campaign.

    Let's see what the traditional first 100 days brings forth.

    HankD
     
    #9 HankD, Jan 18, 2017
  10. TCassidy

    TCassidy Late-Administator Emeritus
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    More fake news.
     
    #10 TCassidy, Jan 18, 2017
  11. HankD

    HankD Well-Known Member
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    Let's see

    99 divided by 17 = 5.82

    :)

    HankD
     
    #11 HankD, Jan 18, 2017
  12. Crabtownboy

    Crabtownboy Well-Known Member
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    Hank,

    Two problems with your reply.

    Your answer is 5.82%, not 500% which Carpo said.
     
    #12 Crabtownboy, Jan 18, 2017
    Last edited: Jan 18, 2017
  13. TCassidy

    TCassidy Late-Administator Emeritus
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    You flunked math, didn't you?

    His answer is 582%. In other words, 5.82 X $17 = $98.94 rounded off to $99.
     
    #13 TCassidy, Jan 18, 2017
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  14. HankD

    HankD Well-Known Member
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    Amazing CBT.

    Must be common core.

    HankD
     
    #14 HankD, Jan 18, 2017
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  15. TCassidy

    TCassidy Late-Administator Emeritus
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    Here. Maybe I can help him understand.

    25% = 1/4
    50% = 1/2
    75% = 3/4
    100% = 1
    200% = 2
    300% = 3
    400% = 4
    500% = 5
    582% = 5.82

    Got it now?
     
    #15 TCassidy, Jan 18, 2017
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  16. InTheLight

    InTheLight Well-Known Member
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    You're all wrong. The percent increase is 482%

    You're welcome.

    Sent from my Moto Droid Turbo.
     
    #16 InTheLight, Jan 18, 2017
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  17. Crabtownboy

    Crabtownboy Well-Known Member
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    Watch out about your insults, they may come back to bit you. Your figure is wrong.

    InTheLight is correct with his answer. The exact percent is:
    [(99 - 17) / 17] × 100% = 4.823529411764706 * 100% = 482.35294117647055%
     
    #17 Crabtownboy, Jan 18, 2017
  18. TCassidy

    TCassidy Late-Administator Emeritus
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    GIGO

    $17 x 100% = $17
    $17 x 200% = $34
    $17 x 300% = $51
    $17 x 400% = $68
    $17 x 500% = $85
    $17 x 600% = $102
    $17 x 582% = $98.94 rounded to $99
     
    #18 TCassidy, Jan 18, 2017
  19. InTheLight

    InTheLight Well-Known Member
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    You flunked math, didn't you?

    Crabby has the correct formula.

    Here's a way to think of it that might be helpful.

    You're not starting at $1, you're starting at $17.

    Thus,

    17 + (17 * 400%) + (17 * 82%)
    = 17 + (68)+ (13.9)
    = 17 + 81.9
    = 98.9

    Sent from my Nexus 7 using Tapatalk
     
    #19 InTheLight, Jan 18, 2017
  20. HankD

    HankD Well-Known Member
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    OK what I know is my premium went from $17.00 to $99.00 per month.

    99 divided by 17 =5.82.

    So I'm paying 5.82 times more per month now than I did before ObamaCare.

    HankD
     
    #20 HankD, Jan 18, 2017
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