Here's something I don't recall hearing about the Affordable Care Act before.
Starting today, health insurers will have spend at least 80% of the premium dollars they collect providing the actual medical services that customers are paying for. That means they will have cut down the outrageous overhead they have today such as the multi-million dollar salaries for CEOs and the huge staffs that are dedicated to finding ways to not actually pay for services.
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The Bomb Buried In Obamacare Explodes Today-Hallelujah! – Forbes
Image by AFP via @daylife I have long argued that the impact of the Affordable Care Act is not nearly as big of a deal as opponents would have you believe. At the end of the day, the law is – in the …
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I've got to go take care of some stuff. Have a good night everybody.
SS is spending more than it is taking in!! Its Ponzi. Medicare actuaries and the person in charge said its broke. When you take money from a person, then give it to another while you the person in charge takes monies from it. Thats a Ponzi Scheme.
Or day.
Bonnie I AM PAYING MY WAY. I want to. Just not have the government run it. Simple stuff here
Whichever it is… And I said cite… Not elude to.
Im not eluding. the setup of SS is a Ponzi scheme. in the end nobody has any stake in the system, all the money is gone.
Denson, the government is not going to run anything. Just asking people to get out of the government (ie taxpayer) dole and onto their own plan. The hospitals, insurance companies, doctors, etc. will still be independent entities. What part of the plan says the government will run anything within the health care system?
Read this – requiring people to share the cost is not a new concept.
http://www.dmv.ca.gov/pubs/brochures/fast_facts/ffvr18.htm
The number of people adding funds to recieving SS has dwindled.
http://www.ssa.gov/history/ratios.html
+Denson Hamilton Social Security not being sustainable could be true but at least for now it helps those less fortunate. Image if it wasn't there for those who worked at Pan Am and had all of their retirement drained as the company went bankrupt. We need a new private system that people must utilize and a safety net for those who need it. Helping people is good.
Denson, this is our current health insurance system you are calling a ponzy scheme. Obama is only asking everyone who can to subscribe to it. It certainly is too large a part of our economy to be a ponzy scheme. I think that would have failed by now. The system works on the premise that more people pay into it than will need care; that is how the insurance companies come up with what the premiums ought to cost the consumer.
Always best to avoid arguing with people who speak in absolutes.
Denson, look at our health care system the same way you have explained SS. You nailed it on the head. We have fewer people paying for health care services and more people using it. Health care is doomed to fail unless we recruit everyone to share in the cost; then it will be there for us too when we need it.
The reason more are receiving services than paying in is because it is required by the government. And Medicaid pays less than it should for services so people like me with private insurance pay the diff. Remember I said the government has to destroy before it can take over. Thats what is happening with healthcare.
My explation of the status of SS is precisely why we sould NOT allow the government to mess with our healthcare system anymore than it has already with medicare, medicaid and S-Chip type programs.