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Thread: Private sector sheds 39,000 jobs in September

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    Re: Private sector sheds 39,000 jobs in September

    Quote Originally Posted by ptif219 View Post
    The employment problem and economy will be hurt by Obamacare. I guess medical is more important than shelter and food
    No one argues that food and shelter are unimportant or less important, or even equal. But health care is important, and it has been going up for decades with reducing benefits (don't forget that second part). Something had to be done. And the only way to have a second, thrid or four step in that direction is to have a first step. I don't see this as a finished product. but I welcome a start over allowing the misinformation to prevent any work in the right direction.

    Again, all you complain about was going on before reform. Even if it is continuing with Obama care, we at least get more for it. And don't ignore this point:

    Also, one has to ask, with more people paying premiums, exactly why does an insurance company have to increase? They can claim any reason, but logically, if more people have insurance, more paying premiums, does it really follow that it is costing them more?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Private sector sheds 39,000 jobs in September

    Quote Originally Posted by Boo Radley View Post
    No one argues that food and shelter are unimportant or less important, or even equal. But health care is important, and it has been going up for decades with reducing benefits (don't forget that second part). Something had to be done. And the only way to have a second, thrid or four step in that direction is to have a first step. I don't see this as a finished product. but I welcome a start over allowing the misinformation to prevent any work in the right direction.

    Again, all you complain about was going on before reform. Even if it is continuing with Obama care, we at least get more for it. And don't ignore this point:

    Also, one has to ask, with more people paying premiums, exactly why does an insurance company have to increase? They can claim any reason, but logically, if more people have insurance, more paying premiums, does it really follow that it is costing them more?
    Obama should have been working on the economy and unemployment as priorities not healthcare. It shows how incompetent he is and how his priorities are all wrong

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    Re: Private sector sheds 39,000 jobs in September

    Quote Originally Posted by ptif219 View Post
    Obama should have been working on the economy and unemployment as priorities not healthcare. It shows how incompetent he is and how his priorities are all wrong
    He should have been, and has been, working on both. He doesn't control the economy. Him sitting there watching it wouldn't have made a bit of difference. The work day proves enough time to tackle more than one thing.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Private sector sheds 39,000 jobs in September

    Quote Originally Posted by Boo Radley View Post
    Also, one has to ask, with more people paying premiums, exactly why does an insurance company have to increase? They can claim any reason, but logically, if more people have insurance, more paying premiums, does it really follow that it is costing them more?
    Yes.
    http://www.debatepolitics.com/health...post1059050156

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    Re: Private sector sheds 39,000 jobs in September

    Quote Originally Posted by Whovian View Post
    I appreciate your effort, but these seem to look in one direct, what's being asked of the provider. I don't see where it accounts for the new membership and increased revenue coming in. One of the reason insurance works is because more pay who don't use than is put out by the insurance company. if the major of those being mandated are as healthy as some claim, then that's revenue coming in that adds to the money available to pay for thsese services. So, it is possible that some are either not adding these monies in, or perhaps they don't believe enough of those coming in will be healthy. In any case, no matter what the cause, I would like a evaluation that includes the increase in revenue.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Private sector sheds 39,000 jobs in September

    Quote Originally Posted by Boo Radley View Post
    I appreciate your effort, but these seem to look in one direct, what's being asked of the provider. I don't see where it accounts for the new membership and increased revenue coming in. One of the reason insurance works is because more pay who don't use than is put out by the insurance company. if the major of those being mandated are as healthy as some claim, then that's revenue coming in that adds to the money available to pay for thsese services. So, it is possible that some are either not adding these monies in, or perhaps they don't believe enough of those coming in will be healthy. In any case, no matter what the cause, I would like a evaluation that includes the increase in revenue.
    From the 3rd link I posted...

    But this may be the most significant part of the report, and it comes at the end of The Hill’s report:
    The analysis does not measure the effects on premiums of a proposed excise tax on the most expensive insurance plans. Consistent with their previous reports, the CBO and the JCT predict that most people who currently have so-called Cadillac insurance plans would opt for less expensive insurance to avoid the tax.
    Why is this so significant? The Senate plan envisioned a $259 billion revenue stream from this tax in the first decade. As I argued at the time, this static tax analysis would be proven dead wrong and leave a huge hole in the funding of ObamaCare.
    The CBO and the JCT apparently agree.

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    Re: Private sector sheds 39,000 jobs in September

    Quote Originally Posted by Whovian View Post
    From the 3rd link I posted...
    I like the WSJ, but I'm not sure that address what I speaking about. I'm speaking to more people paying premiums who were not paying premiums. We have a large number of uninsured people who will now be paying money to insurance companies. This has to increase revenue, making rate increase less neccessaary.

    The tax seems to speak to something else I think.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Private sector sheds 39,000 jobs in September

    Quote Originally Posted by Boo Radley View Post
    I like the WSJ, but I'm not sure that address what I speaking about. I'm speaking to more people paying premiums who were not paying premiums. We have a large number of uninsured people who will now be paying money to insurance companies. This has to increase revenue, making rate increase less neccessaary.

    The tax seems to speak to something else I think.
    I think what you're forgetting is that a large portion of those new people 'paying premiums', will actually be getting government subsidies in order to do so. That means the rest of us will be paying more in order to cover them. The fact that the 'more' will be in my taxes, as opposed to directly in the cost on my health coverage, is immaterial to me. It's still more, and it's directly because of the new health laws.

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    Re: Private sector sheds 39,000 jobs in September

    Quote Originally Posted by Whovian View Post
    I think what you're forgetting is that a large portion of those new people 'paying premiums', will actually be getting government subsidies in order to do so. That means the rest of us will be paying more in order to cover them. The fact that the 'more' will be in my taxes, as opposed to directly in the cost on my health coverage, is immaterial to me. It's still more, and it's directly because of the new health laws.
    Yes, and that would effect government spending and not insurance company needs to increase premiums, right? Not saying the bill is perfect, but I doubt the insuirance companies need to raise premiums.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Private sector sheds 39,000 jobs in September

    Quote Originally Posted by Boo Radley View Post
    He should have been, and has been, working on both. He doesn't control the economy. Him sitting there watching it wouldn't have made a bit of difference. The work day proves enough time to tackle more than one thing.
    He has done nothing. He is incompetent and has failed when it comes to unemployment and the economy. Growing the debt and government will not fix either.

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