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Thread: U.S. companies hoard record amount of cash

  1. #271
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    Re: U.S. companies hoard record amount of cash

    Quote Originally Posted by CanadaJohn View Post
    Canada is a first world country - Canada has universal, single payer healthcare - in Canada, depending on your illness, you can go bankrupt in the process of purchasing drugs or treatments necessary to prolong life if you're unfortunate enough to need a drug or treatment the government finds too expensive and not cost effective.
    the last time you had stitches, what did that cost? colonoscopy? how much was that? what was the price tag for your most recent doctor visit? one more : can you honestly say that you'd trade systems with the US?

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    Re: U.S. companies hoard record amount of cash

    Quote Originally Posted by CanadaJohn View Post
    Sorry - I haven't visited a Politico story or the site since they changed their comment section to Facebook required and I have no intention of going back - a matter of principle. As I said above, if the CBO has issued a revised report, by all means present it and I'll review it - otherwise, the 20 million figure they presented in 2012 still stands.
    LOL. You boycott some site that destroys your argument and somehow thats MY problem.

    Heres a similar comparison, showing that the employer mandate is basically no big deal either way.

    Hopefully you dont have some principled stance against the WaPo.

    Obamacare’s employer mandate keeps getting delayed. What happens if it gets killed? - The Washington Post
    Many Trump supporters have lots of problems, and those deplorables are bringing those problems to us. They’re racists. They’re misogynists. They’re islamophobic. They're xenophobes and homophobes. And some, I assume, are good people.

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    Re: U.S. companies hoard record amount of cash

    Quote Originally Posted by Fearandloathing View Post
    Ah.....

    No. You stifle demand with over production.

    You create demand with a higher perceived "bang for buck" price/quality ratio. In hard times, economy cars sell, the SUV's decline no matter how many you make
    My bad. I should have followed that first sentence with a little more detail.

    Keynesians believe that they can influence demand directly via stimulus instead of creating demand by removing the unnecessary barriers that choke off production.

    " Stimulus to increase aggregate demand ", etc . The problem with their direct approach is that it creates debt while it papers over the structural economic issues instead of addressing them.

    Eventually you wind up with a economy like Japan's. Japan's out of bullets so to speak with a contracting economy, a debased currency, tax increases and over 40 percent of their total revenue having to go to paying their debt service.

    Given Japan's predicament its hard to believe Keynesian economics is still considered a legitimate school of thought.

    I believe, as do other Supply siders that the correct way to influece demamand Is by removing these unnecessary barriers to production ( Taxes, Regulations, Government intervention )

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    Re: U.S. companies hoard record amount of cash

    Quote Originally Posted by CanadaJohn View Post
    And again, except for the CBO.
    In the coverage estimates they released this month, the CBO expects enrollment in employer-sponsored insurance this year to be 153 million and a decade from now, in 2025, they expect it will be...155 million. No vast erosion, no upending of the status quo. Just slower enrollment growth than in the absence of affordable, decent alternatives to employer-based plans.

    I do appreciate, however, that liberals are always 100% certain of every policy initiative they espouse, be it the ACA, climate change, green energy, etc. Whatever they choose to support, it's always the absolute best thing ever with nary a problem in sight.
    You're free to identify actual problems. If you have to wave your hands and make some up, that's an indication of a pretty serious weakness in your case.

    All evidence so far has found little change, in action or intention, in employer-based coverage (very much in line with the CBO's projections that employer-based coverage numbers will be largely static).

    Health Law Brings No Drop In Insurance Enrollment At Work, Study Finds
    A new study found that so far there’s little cause for concern: Average enrollment in company plans was essentially unchanged between 2014 and 2015 at 74 percent of all workers.

    The survey of nearly 600 employers by benefits consultant Mercer found that in 2015 the average percentage of employees who were eligible for coverage increased 1 point to 88 percent, but it was offset by a drop in the enrollment of eligible workers of 1 point on average, to 83 percent.

    Part of the explanation for the stable results stems from the fact that most employers were already in compliance, says Beth Umland, Mercer’s director of research for health and benefits.
    Obamacare Refutes Warning of Corporate America Cost Surge
    One critical prediction came from Tom Donohue, the U.S. Chamber of Commerce president, who said in January 2011 that many companies were thinking about ending their employer-based plans to cope with the law’s new mandates.

    That hasn’t happened. None of the more than 600,000 employers who are clients of Automatic Data Processing Inc., the largest U.S. payroll firm, is planning to eliminate health benefits for full-time workers in response to the law known as Obamacare. While there are costs imposed on employers by the law, the amounts are nominal for most companies, according to benefits consultants.
    New Findings About The ACA’s Impact On Employer-Sponsored Health Insurance
    A new study, released today as a Web First by Health Affairs, examines data from the Health Reform Monitoring Survey for June 2013 through September 2014, assessing any early changes of employer-sponsored insurance under the ACA. Authors Fredric Blavin, Adele Shartzer, Sharon Long, and John Holahan report that the percentage of workers with employer offers for health insurance was basically unchanged between June 2013 and September 2014: 82.7 percent versus 82.2 percent. The authors are all affiliated with the Health Policy Center at the Urban Institute, in Washington, D.C.

    Worker take-up of employer coverage and overall coverage rates also remained constant. There were no changes in offer, take-up, and coverage rates among low- and high-income adults working at small (fewer than fifty workers) or large firms. This is the first peer-reviewed study to analyze changes in employer-sponsored insurance after the launching of the ACA health insurance Marketplaces.
    Mid-tier employers aren’t dropping coverage
    A study from TAG Employer Services reveals that most companies with fewer than 50 employees will continue to offer health insurance of some kind. These smaller employers aren’t bound by most of the act’s requirements, which fall most heavily on companies with 50 or more workers.

    Of those surveyed, just 4 percent said they probably wouldn’t continue to offer health insurance. More than two-thirds (68 percent) strongly agreed that they’ll keep offering health coverage, and another 28 percent indicated they most likely would.

    Concerns had been raised about whether employees at smaller companies would have employer-sponsored coverage, since the act didn’t require it. The theory was that small businesses might drop coverage to save money. But that’s not happening, at least based upon TAG’s research.

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    Re: U.S. companies hoard record amount of cash

    Quote Originally Posted by Greenbeard View Post
    In the coverage estimates they released this month, the CBO expects enrollment in employer-sponsored insurance this year to be 153 million and a decade from now, in 2025, they expect it will be...155 million. No vast erosion, no upending of the status quo. Just slower enrollment growth than in the absence of affordable, decent alternatives to employer-based plans.



    You're free to identify actual problems. If you have to wave your hands and make some up, that's an indication of a pretty serious weakness in your case.

    All evidence so far has found little change, in action or intention, in employer-based coverage (very much in line with the CBO's projections that employer-based coverage numbers will be largely static).

    Health Law Brings No Drop In Insurance Enrollment At Work, Study Finds


    Obamacare Refutes Warning of Corporate America Cost Surge


    New Findings About The ACA’s Impact On Employer-Sponsored Health Insurance


    Mid-tier employers aren’t dropping coverage
    That's a pretty comprehensive dismantling of CJs argument.
    Many Trump supporters have lots of problems, and those deplorables are bringing those problems to us. They’re racists. They’re misogynists. They’re islamophobic. They're xenophobes and homophobes. And some, I assume, are good people.

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    Re: U.S. companies hoard record amount of cash

    Quote Originally Posted by Threegoofs View Post
    That's a pretty comprehensive dismantling of CJs argument.

    Lol !!

    There's nothing comprehensive about studies done prior to the implementation of the employer mandate.

    By definition, those studies are NOT comprehensive.

    That being said small businesses have already reported significant cost increases due to Obama Care.

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    Re: U.S. companies hoard record amount of cash

    Quote Originally Posted by Fenton View Post
    That being said small businesses have already reported significant cost increases due to Obama Care.
    That's kind of the point. ACA-compliant plans are all that's been sold in the fully insured markets for over a year now. Any company that's bought a (non-grandfathered) plan since late 2013 or so bought an ACA-compliant plan.

    The start of the employer mandate a few months ago didn't actually change the products available for employers to purchase--that change had already occurred. There aren't any shoes left to drop at this point.

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    Re: U.S. companies hoard record amount of cash

    Quote Originally Posted by Fenton View Post
    My bad. I should have followed that first sentence with a little more detail.

    Keynesians believe that they can influence demand directly via stimulus instead of creating demand by removing the unnecessary barriers that choke off production.

    " Stimulus to increase aggregate demand ", etc . The problem with their direct approach is that it creates debt while it papers over the structural economic issues instead of addressing them.

    Eventually you wind up with a economy like Japan's. Japan's out of bullets so to speak with a contracting economy, a debased currency, tax increases and over 40 percent of their total revenue having to go to paying their debt service.

    Given Japan's predicament its hard to believe Keynesian economics is still considered a legitimate school of thought.

    I believe, as do other Supply siders that the correct way to influece demamand Is by removing these unnecessary barriers to production ( Taxes, Regulations, Government intervention )

    First bold - In the US you call that "Keynesian" we call it socialism in polite circles, "stupid" everywhere else.

    While I disagree that government can actually influence demand without repercussions, demand is the result of perceived need and will happen when the consumer thinks he can afford it.


    Second, "supply side" is Reaganspeak for "free enterprise" and the way the world has worked for centuries. I guy decides he can get water at the well for four people and charge them. Soon, he has eight people, so he hires his brother. Now two people have disposable income in that village and they travel to the next town and buy some hardware, and open a small hardware store in the village, they can't take the time to deliver water, so they sell that business and re-invests it in a construction business.

    Socialists would simply borrow money to pay people to deliver water free and pay back the loan by taxing the hardware store owners, who say "**** it" and move to the next village. The people, fed up with a dead economy and rising taxes, rebel, kill the unionized water carriers and create a collective.

    Note that the demand for water is always there. Demand actually had nothing to do with the problem, but the problems arose as a result of envy, sloth and greed; screwing with the natural order of things.

    We have had our Keynesian phase here, a guy called Pierre Trudeau in the 60's and 70's, and we paid the price in the late 90's when we had to cut social services to the bone and de-fund health care putting the burden on the provinces, forcing them to raise taxes. Am not an economist as displayed above, but all Canadians over 40 have had to pay for it when the bills come in.
    ""You know, when we sell to other countries, even if they're allies -- you never know about an ally. An ally can turn."
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    Re: U.S. companies hoard record amount of cash

    Quote Originally Posted by Greenbeard View Post
    That's kind of the point. ACA-compliant plans are all that's been sold in the fully insured markets for over a year now. Any company that's bought a (non-grandfathered) plan since late 2013 or so bought an ACA-compliant plan.

    ObamaCare Hits Small Business Hard In Gloomy '15; Costs To Rise - Investors.com

    " With businesses' one-year reprieve from financial penalties under ObamaCare ending, the horror stories of complying with the costly health care law already are trickling in. The worst is yet to come.

    " Starting Jan. 1, employers with 100 or more full-time workers face hefty increases in their health insurance costs as they comply for the first time with the mandate.
    They must now offer the government's comprehensive coverage — including "free" preventive care — for all employees working 30 or more hours a week, or risk being fined $2,000 per employee per year.
    But many of these small businesses are retailers that don't have the kind of margins where they can cover workers and still stay in business.
    Many grocers and restaurants have opted to pay the fine rather than swallow the larger cost of buying coverage for all workers. Others are cutting back worker hours to duck the law altogether."

    Obamacare squeezes small businesses: Column

    " The federal government — specifically the Center for Medicare and Medicaid Services, the federal agency charged with implementing the vast majority of Obamacare's rules and regulations — has quietly changed its tune. Late last week, and to little fanfare, they released a report estimating that two-thirds of the country's small businesses will see their health care costs increase thanks to Obamacare. This will translate into higher health insurance premiums for 11 million employees."

    ObamaCare Is a Jobs Killer, Studies Find

    The Federal Reserve Bank of Philadelphia found, in a survey of businesses in its region, that 18.2 percent of employers had cut their number of workers because of ObamaCare, while only three percent had hired more. It found that 18.2 percent of the businesses reported the proportion of their workforce that is part-time was higher, compared to only 1.5 percent who said it was lower. More outsourcing to other firms was reported by 13.7 percent of the respondents, while only three percent reported a reduction of outsourcing.

    The New York Fed conducted two surveys on the effects of ObamaCare, with one finding that 21 percent of manufacturers were reducing employment, and three percent were adding jobs. A survey of business leaders in the region showed 16.9 percent reducing employment and 1.6 percent adding to their workforces. "


    The unprecedented economic indicators completely ignored by the left expose just how destructive Obama-Care has been on the American economy.

    Lets start with the fact that Trillions of dollars in liquidity sit idle on the books of the FED marked as excess reserves as a result of Monetary stimulus that was supposed to grow the economy. The fact is prior to 2008 Banks rarely if ever let excess capital sit around earning absolutely nothing. That money would have been pushed out into the economy in the form of credit earning interest for the lender where it would grow the economy and provide new jobs for the chronically unemployed. . But 6 years into a Obama economy Trillions sit idle because the demand for consumer credit has never recovered.

    After 6 years of near record low interest rates Home-ownership rates are at a 20 year record low. Something is seriously wrong.

    ObamaCare did what ALL Progressive initiatives do when they're finally implemented. They produce a long list of unintended consequences economically because the people that pushed the initiative have no concept of how our free market economy works. Progressives cannot influence positively what they do not understand and they cannot understand what they oppose on principle alone.
    The New Democratic Party Slogan :

    " Return to Power By Any Means Necessary "

  10. #280
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    Re: U.S. companies hoard record amount of cash

    Quote Originally Posted by Fenton View Post
    Obamacare squeezes small businesses: Column

    " The federal government — specifically the Center for Medicare and Medicaid Services, the federal agency charged with implementing the vast majority of Obamacare's rules and regulations — has quietly changed its tune. Late last week, and to little fanfare, they released a report estimating that two-thirds of the country's small businesses will see their health care costs increase thanks to Obamacare. This will translate into higher health insurance premiums for 11 million employees."
    As I just said, those rules have been in effect for all plans that went into effect on or after January 1, 2014. They're not some looming threat, they've been in effect for 15 months. Any financial impact has already been felt, through two successive open enrollment periods.

    And yet, "employer offers for health insurance was basically unchanged between June 2013 and September 2014." Employers have been buying ACA-compliant plans, yet employer-sponsored coverage isn't going away.

    The "just wait for it!" shtick doesn't work when you acknowledge that all this stuff has already happened and didn't impact coverage rates.
    Last edited by Greenbeard; 03-29-15 at 02:53 PM.

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