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

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

    Quote Originally Posted by Helix View Post
    before the ACA exchanges, most of the employment non-specific plans were hopelessly expensive, and your choices depended on where you live. even after the ACA, that's often still the case. the best plans have always been employer based. that's a poor way to distribute access to health care.
    Prior to Obamacare at least the individual plans were based on risk. My first individual plan cost me $280.00 per month. The risk was based on my age. The young programmar in the next office bought the same policy $103.00 a month. He was 23. I was 57 at the time. Ofcourse Obamacare killed those plans.

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

    Quote Originally Posted by ObamacareFail View Post
    Prior to Obamacare at least the individual plans were based on risk. My first individual plan cost me $280.00 per month. The risk was based on my age. The young programmar in the next office bought the same policy $103.00 a month. He was 23. I was 57 at the time. Ofcourse Obamacare killed those plans.
    like all of the other stupid parts of the American health care distribution system, it depends on where you live. for an individual plan that doesn't completely suck ass, i pay about three hundred a month in premiums, and that's employer provided health care. even with that, my out of pocket costs can still be ridiculous if i actually have to use the insurance. we can do a lot better.

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

    Quote Originally Posted by ObamacareFail View Post
    9% to 3%, huh? Big deal. That is an opinion piece posted at Forbes that deals mainly with large employers. Problem is that most Americans are employed with small employers.
    No, they aren't. The SBA keeps data on firm size. Two-thirds of employees work for a firm of 100 employees or larger. For them, the employer mandate is in effect and whatever impact it was going to have was apparent during their open enrollments last fall. Turns out the impact was minimal.

    Another 28% of employees are in firms with 49 or fewer employees--firms that aren't subject to the mandate ever.

    Quote Originally Posted by ObamacareFail View Post
    Prior to Obamacare at least the individual plans were based on risk. My first individual plan cost me $280.00 per month. The risk was based on my age. The young programmar in the next office bought the same policy $103.00 a month. He was 23. I was 57 at the time. Ofcourse Obamacare killed those plans.
    Plans are still age rated. That's why the young pay less than the old for any given marketplace product.

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

    Quote Originally Posted by Greenbeard View Post
    No, they aren't. The SBA keeps data on firm size. Two-thirds of employees work for a firm of 100 employees or larger. For them, the employer mandate is in effect and whatever impact it was going to have was apparent during their open enrollments last fall. Turns out the impact was minimal.

    Another 28% of employees are in firms with 49 or fewer employees--firms that aren't subject to the mandate ever.



    Plans are still age rated. That's why the young pay less than the old for any given marketplace product.
    In other words, the big scary employer mandate from Obamacare has mostly come and gone with little impact.

    Looks like there are no more shoes to drop.

    The ACA has been at best, an impressive success at bending the cost curve and delivering care to previously uninsurable people, while establishing affordable health care for most citizens. At worst, it really hasn't changed much for most people.
    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 ObamacareFail View Post
    9% to 3%, huh? Big deal. That is an opinion piece posted at Forbes that deals mainly with large employers. Problem is that most Americans are employed with small employers. They are the ones that are devastated by the mandates of Obamacare. They are the one's dropping coverage or restricting new hires to 30 hours or less. Like it or not, Obamacare has been a disaster from the beginning, and the worst is yet to come.
    A six percent shift at the national level is quite substantial. And "large" must be defined, but Obamacare took effect on Jan. 1 for employers with over 100 employees, that is not all that large, certainly not in the GM or IBM sense of "large".

    From the article:
    Mercer’s survey of employers comes less than three months after employers with 100 or more workers in January were required by the Affordable Care Act to offer 70% of their full-time workers coverage. In 2016, employers with 50 or more full-time workers have to start offering coverage.
    My wife works for a roofing company that does commercial buildings, they have 250 people, and they offered ins. in the past and will continue to this year. I am not sure what the rate will be this year, find out 5/1.

    I'll leave you with some quotes from Congresswoman Cathy McMorris Rodgers FB page, where she asked people to share their Obamacare horror stories, and there are just several consecutive quotes, so not cherry picked:
    Janet Clark My story is this: my husband and I worked to pass Obamacare because we believed all Americans should have access to quality healthcare, like we did through his workplace. We never thought it would affect us. Then one day I came home and found my strong, apparently healthy husband dead in the backyard. He had experienced cardiac arrest. Within one week I was off his plan. I purchased COBRA for a year and then looked for a less expensive plan. I applied for Blue Cross and was turned down due to pre-existing conditions: arthritis and bunions. I was so happy when Obamacare went through and I had access to healthcare. Never thought it would be me who needed it, but it was. Thanks, President Obama!
    March 24 at 9:42am

    Jennifer Holden My biggest problem with Obamacare: My partner and I no longer have health benefits from an employer, and the ACA has made health insurance more accessible and less expensive for us.Oh wait, that isn't a problem!
    March 24 at 8:37am

    Laura Walker Oh, my, where to start? Let's see, I now am able to get annual exams for breast cancer, colon cancer, depression screening, bone density tests and overall wellness exams FOR FREE! My insurance (thanks to Medicare) covers eye care and dental care, plus fitness program INCLUDED! I also have 24/7 access to health professionals. And I'll tell you what else: I required extensive tests last year to find out what was wrong with my heart and guess what?! My insurance covered all but $250. The bill came to $7,000! Yes, thanks to #ACA, my coverage has not only improved through Medicare, it's broadened and my premiums (MA) haven't risen nearly as much as they did before this.

    You have to be the most cynical, or the most insulated official to keep beating the dead horse about ACA being such a travesty. The only promises broken are those of GOP - #GOPBROKENPROMISES
    March 23 at 10:57pm

    Nancy Lazarus Taylor Thanks, Obama!! Because of the ACA, I have health insurance and with a pre-existing condition. Without this, I would most likely be dead or on gov't assistance, something else you, CMR, don't like. And I managed to do my taxes myself. No nightmare. Next fallacy to debunk?
    March 27 at 6:36am

    Dean Vercruysse I love people like you Cathy who HAVE Gov't Health Care who want to cancel it for others! it's the Christian thing to do!
    March 23 at 9:43pm

    Robert Fairfax I work for cancer care northwest. We actually have more patients with insurance and fewer having to choose treatment over bankruptcy. Cathy, I'm a die hard conservative and I'm asking you to stop just slamming Obamacare. Fix it, change it or come up with a better idea! Thanks
    March 23 at 9:33pm
    https://www.facebook.com/mcmorrisrodgers?fref=ts

    That is what you call SUCCESS!

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

    Quote Originally Posted by Helix View Post
    like all of the other stupid parts of the American health care distribution system, it depends on where you live. for an individual plan that doesn't completely suck ass, i pay about three hundred a month in premiums, and that's employer provided health care. even with that, my out of pocket costs can still be ridiculous if i actually have to use the insurance. we can do a lot better.
    Yes...we sure can....and with common sense reform based on market solutions as well as tort reform. We just need to make healthcare as affordable as it once was. For instance your individual plan....at least prior to obamacare would be much less expensive if there were not barriers to selling individual health insurance policies across state lines. Competition is what drives the prices down.

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

    Quote Originally Posted by Threegoofs View Post
    In other words, the big scary employer mandate from Obamacare has mostly come and gone with little impact.

    Looks like there are no more shoes to drop.

    The ACA has been at best, an impressive success at bending the cost curve and delivering care to previously uninsurable people, while establishing affordable health care for most citizens. At worst, it really hasn't changed much for most people.
    Will you ever tire of spreading progaganda to sell obamacare? If it was such a success story, the democrats would still be in control of both houses of congress. Obamacare has been a major disaster for the democrat party. Everyone knows it. Even you!

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

    Quote Originally Posted by finebead View Post
    A six percent shift at the national level is quite substantial. And "large" must be defined, but Obamacare took effect on Jan. 1 for employers with over 100 employees, that is not all that large, certainly not in the GM or IBM sense of "large".

    From the article:


    My wife works for a roofing company that does commercial buildings, they have 250 people, and they offered ins. in the past and will continue to this year. I am not sure what the rate will be this year, find out 5/1.

    I'll leave you with some quotes from Congresswoman Cathy McMorris Rodgers FB page, where she asked people to share their Obamacare horror stories, and there are just several consecutive quotes, so not cherry picked:

    https://www.facebook.com/mcmorrisrodgers?fref=ts

    That is what you call SUCCESS!
    First, I am not impressed with cherry picked success stories. I have personally seen the devastating downsides of obamacare, including having my own individual health insurance policy canceled by obamacare. Second....when you consider the fact that most Americans are employed by small employers....not the big corporations. The corporate giants can shift costs around, raise the price of the goods and service etc and get by. The smaller employers are devastated and have responded by limited unskilled new hires to part time wages so they do not have to provide them with health insurance. Obamacare is devastating the very people it is claiming to be trying to help.

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

    Quote Originally Posted by ObamacareFail View Post
    Yes...we sure can....and with common sense reform based on market solutions as well as tort reform. We just need to make healthcare as affordable as it once was. For instance your individual plan....at least prior to obamacare would be much less expensive if there were not barriers to selling individual health insurance policies across state lines. Competition is what drives the prices down.
    Guaranteed issue is far and away the primary reason that premiums in the individual market are higher for some people than they once were.

    To go back to what was before, you need to bring back pre-existing condition exclusions and kick some of the sickest folks out. "Competition" used to mean being the best at shedding risk, not delivering the best product in a transparent, open market as it does now. If you want to go back to that, premiums may come down for the fortunate ones but the human cost will be pretty high.

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

    Quote Originally Posted by ObamacareFail View Post
    First, I am not impressed with cherry picked success stories. I have personally seen the devastating downsides of obamacare, including having my own individual health insurance policy canceled by obamacare. Second....when you consider the fact that most Americans are employed by small employers....not the big corporations. The corporate giants can shift costs around, raise the price of the goods and service etc and get by. The smaller employers are devastated and have responded by limited unskilled new hires to part time wages so they do not have to provide them with health insurance. Obamacare is devastating the very people it is claiming to be trying to help.
    Those are not cherry picked stories, I just copied 5 consecutive from real people signed up on facebook (their timelines go back years, so they were not created for this exercise). You fail however to see the upside, you just complain about your personal experience. If you got an obamacare policy it is superior to the one that was cancelled, since that one, you could be dropped if the ins. company so chose. If you want your opinion to be respected, you will have to look at obamacare objectively, how it affects everyone, not just you.

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