Fortunately, the stock market indicates that health care is one of the best performing sectors over the last three years. JNGLX is up with an annualized yield of 37.5 % over the last three years. Sound like healthcare is doing well with all these ACA requirements.

Excellent, common sense post CF.

What confuses me is if these newly insured people couldn't afford insurance before how does this help them now if they need to meet a deductible before they are covered by their new free insurance??? Other than a routine physical has to be paid out of pocket till you meet your deductible so how does this help them?

This was my post to originate this thread. Not a discussion about ACA.

You are correct in what you say. The back room deals made with the insurance industry were a boon to the healthcare industry.

Shortly after the law was signed, the Roosevelt Institute had this to say about the law and that industry; Roosevelt is a liberal think tank...

"The healthcare legislation is important politically since President Obama now looks suddenly like a “winner”. But will it actually achieve the objective of improving the nation’s health care? Yes, more people will get INSURANCE. Will they actually get more health care paid for?

Not necessarily. We’ve had a bailout for bankers and now the principle seems to be extended to the insurance industry."

Obamacare: A Health Insurance Subsidy, Not Health Care Reform | Roosevelt Institute

I suggest all read this not to temper the excitement shown here BEFORE the law has been completely rolled out, but to simply inform.

But you are right........the deal made with the insurance companies made some rich men in that industry

This is relative to my last post and is posted with all due respect to those who have fallen in love with this law for very good reasons that I do not dispute but points out the problems with laws that are jammed through by manipulation.

This bill is not even done rolling out and will not be rolled out completely for about two years. As many have said, on TOTV and otherwise, the financial implications of this law are very seldom talked about....

"The nearly $1.1-trillion spending bill released late Tuesday by House lawmakers targets government payments to health insurance companies under ObamaCare that critics have decried as an industry "bailout."

The language, buried deep in the 1,603-page bill, is a victory for conservative opponents of the healthcare law. It would prevent new government funds from flowing to ObamaCare's so-called risk corridors, a three-year program established to subsidize insurer losses in order to keep premiums stable."

Funding bill targets O-Care insurer subsidies | TheHill

In addition and not sure everyone is aware of this but part of the funding for this law is coming from interest on student loans...

" Affordable Care Act is set to cost students enrolled in the government’s loan program $8.7 billion in extra interest over the next decade, according to a report published by the non-partisan Congressional Budget Office (CBO).

If savings were kept inside the loan program, instead of transferred to Obamacare, as some Republican senators are suggesting, they could allow the Department of Education to lower student interest rates to 5.3 percent from 6.3 percent, according to the CBO."

CBO: Feds siphoning billions from student loan program to fund Obamacare

This is not something you hear much about and how much of this cost is being paid by college students is subject to an accounting discussion.

I offer this link which is the letter from the CBO to Speaker Pelosi.

http://www.cbo.gov/sites/default/fil...dreconprop.pdf

All of this fits under the lack of transperancy in this law. I simply hope that something can be done before it is rolled out totally. I am afraid of the impact on small business as that part has yet to come.

My take on what Rags said is the corrupt and disheartening process by which the bill was passed into law soured many of us. It's like ... are you guys kidding? It was done via parliamentary tricks and the obfuscations of the type Gruber has come to personify. There were other ways to solve the problem instead of this approach.

This is supposed to be a democracy (well, actually a republic) where we compromise and work things out ... vs stuffing it down the other party's throat via raw political power. This is why it still rankles over half the population.

By early next month, this law will be history and we can go back to those heady days when insurance companies could deny coverage if a person had a pre-existing condition, drop your coverage if you got sick, or (my personal favorite) charge women more for the same coverage as men.[/QUOTE]

I'm assuming you are aware that insurance companies are "for profit" corporations. They are in the business to make money. You may not like that fact , but it is a fact. Curious as to why an insurance company WOULDN'T charge a woman more for insurance than a man? Higher risk for the company normally will result in higher premiums. That's how insurance works. I suppose my car insurance on my new SUV should be the same as a guy driving a 1982 Chevette?

Jonathan Gruber's apology:

http://m.youtube.com/watch?v=wdo4cWQg0Hs

Ok, thanks for the reminder. No point in going into ACA again.

However, on the topic of Professor Gruber, I would like to thank him for adding at least two new word to our language: to Gruber and Gruberish. This is helpful as we can be more alert to snide, elitist shenanigans of this type in the future.

Gruber verb groo-burr

: To tell a lie deliberately with the intent of misleading.

: To misinform people based on the belief that they are too stupid to understand the wisdom of your position.

example: To conceal the truth about major legislation, it was necessary to gruber the entire nation.

noun

: A calculated mistruth intended to deceive listeners

example: The explanation given in favor of the proposed bill was one huge gruber from one end to the other.


Gruberish noun groo-burr-esh

: Any bewildering deluge of falsehoods designed to confound an audience based on the speaker’s awareness that the truth must be concealed by any means necessary.


example: A preposterous mountain of gruberish was put forth intended to hide the fact that the entire nation had been grubered about a major piece of legislation.

I apologize if I strayed but Gruber alluded to the deception and our stupidity and he was correct, and thus my posts to point out how correct he was.

Directly to your thread....my bet is that they will line up to take his class ! Just a hunch !