Affordable Care Act: Digging the 85/15 rule much more now
 

For those that aren't hip to the ways of the Act, the 85/15 rule states that all insurance companies have to spend at least 85% of premium income specifically on healthcare, allowing 15% for administrative expenses, advertising, etc.

I'm getting a rebate because in my area, healthcare spending fell below the 85% mark :thumbsup:.

They increase taxes to fund the bill. If you increase taxes $1 trillion but then reduce the deficit by $80 billion, you can't really say your'e not spending extra, can you? You don't spend $1.2 trillion and save money. You just get us (taxpayers) to give more money.

According to CBO, the new repeal bill would reduce direct spending by $890 billion from 2013-2022, but also reduce tax revenue by $999 billion, leading to a net increase in the deficit of $109 billion.

So democrats are happy they are raising taxes by $1 trillion, and shaving the deficits by $80 billion? That's some fuzzy math.

Yes they are concerned with spending. Is Obamacare reducing the deficit with no additional taxes? The GOP could conceivably repeal Obamacare, raise taxes by $10 billion a year (drop in the bucket) and still come out ahead ;)

Plus it is now only saving $84 billion, but the Supreme Court decision shaved off $289 billion in spending because of it's ruling on State implementation. So pre-Scotus the bill was set to increase the deficit by $200 billion.

CBO: Cost Of Obamacare Drops By $84B As A Result Of Supreme Court's Decision | ThinkProgress
ACA cannot take credit for that. ACA as written cost $289 billion more the day before the ruling, than after. SCOTUS cut a key portion of the bill. With the new calculations it is apparent the bill would have increased the deficits by at least $200 billion.

The Supreme Court gutted the law, and now 3 million people will not be insured, but the Democrats are parading this CBO report around like some sort of victory, but now it is estimated an additional 3 million people will remain uninsured. It's like cutting of their nose to spite their face.

I'm happy for you Music Moves, everyone wants to save money.

But on the whole, premiums will probably still be increasing for most.

Which is in line with the premium increases from 2005-2010
http://www.cbo.gov/sites/default/fil...0Estimates.pdf

I don't think the CBO has ever said premiums will drop. They've adjusted how much it will grow, but that's about it.

It's law now, and I say fuck it, why bother repealing it. It's in there. If the GOP win big, I'd rather see them fix it, then repeal it. Wherever this law takes us, it takes us.

Again, happy for you Music Moves, money in the pocket is money in the pocket. That's extra loot for some snow gear.

Of the monstrosity that is ACA, the Medical Loss Ratio is one I am quite amicable towards. Overhead in other nations run 5-10%, so us being at 15-20% is not an unreasonable goal.