ACA (a.k.a. Obamacare) Upheld

[nehalem256]

Flexible spending account contributions will now be legally capped at $2500, creating a huge donut hole for the millions of people on high-deductible plans.

Any talk of "donut holes" is just political posturing. They exist for perfectly logical reasons.

All of those are proportionality taxes: some fraction of my income, some fraction of my expenditures, or some fraction of an asset's value. Now they are taxing actions/inactions where no proportionality exists. If congress decides it wants you to buy a box of donuts every week and you refuse to do it, they can fine you an arbitrary amount of money.

Its called a tax now.

 

[First]

http://www.realclearpolitics.com/epolls/2012/president/2012_elections_electoral_college_map.html

With the ACA upheld, Arizona SB1070 overturned and Obama leading all battleground states except two, I'm guessing we're going to see a lot of people on suicide watch in the near future.

 

[blankslate]

I don't know if it's been posted yet, but...

http://news.yahoo.com/blogs/ticket/health-care-ruling-scotus-cnn-gaffe-fox-news-154347515.html

Oops!

http://www.businessinsider.com/chicago-sun-times-obamacare-decision-copy-supreme-court-2012-6

CNN did the same thing...

makes you wonder about these guys...

 

[Ausm]

any talk of "donut holes" is just political posturing. They exist for perfectly logical reasons.




its called a tax now.

lolwut??

 

[BoomerD]

CNN did the same thing...

makes you wonder about these guys...

Yep...the CNN fuck-up was in my link...just no good screen-cap taken...unless you like this:

 

[blankslate]

Most people approve of some of the major individual components of the ACA when they are polled on seperately

The source data for the above image is in this document.

http://www.kff.org/kaiserpolls/upload/8285-T.pdf

The favorability information about the components of the ACA start on page nine. The demographic data on who responded to the poll is on the page immediately following the cover page.

Of course a lot of people who don't know what is contained in Obamacare will just say "oh I hate it"

 

[highland145]

Just a few more ACA notes:

The medical expense tax deduction floor will increase from 7.5% to 10%. Going forward it will now be more difficult to deduct medical expenses since there will be a higher threshold to satisfy.

Flexible spending account contributions will now be legally capped at $2500, creating a huge donut hole for the millions of people on high-deductible plans.

Is that the same as a health savings account? I sure hope not. Self employed with a $10K deductible.

 

[dmcowen674]

CNN did the same thing...

makes you wonder about these guys...

What's there to wonder?

They are Entertainment Organizations.

 

[Genx87]

In the media outlets defense. If find out it was a 5-4 decision and only glanced at the release that roberts authored the majority. Wouldnt most assume it was struck down?

 

[MovingTarget]

President Obama's response to the ruling:

http://youtu.be/b5zU1y_0Geo

 

[Charles Kozierok]

I never said I would move but if this keeps up then I will have no choice especially if barrack hussein obama wins in November.

Wow, can this day get any better?

 

[Ausm]

In the media outlets defense. If find out it was a 5-4 decision and only glanced at the release that roberts authored the majority. Wouldnt most assume it was struck down?

no because journalist are suppose to deal with facts...well most of them do.

 

[Ausm]

Wow, can this day get any better?

Can we help him pack?

 

[michal1980]

We need a tax that if you dont vote republican you get taxed. Based on this ruling perfectly legal.


Oh wait, democrates might now take that idea and actually run with it, and their sheep here will defend it.

 

[First]

In the media outlets defense. If find out it was a 5-4 decision and only glanced at the release that roberts authored the majority. Wouldnt most assume it was struck down?

Roberts has been a centrist on a good deal of issues. Plus it's not hard to read their final summaries within a couple minutes. They simply jumped the gun to be first. Typical sad media.

 

[nehalem256]

lolwut??

Donut holes exist so that everyone gets some benefit. Then a hole in the middle where you are required to cover yourself. Then catastrophic coverage kicks in.

 

[Charles Kozierok]

Oh wait, democrates might now take that idea and actually run with it, and their sheep here will defend it.

So in your alternate reality, John Roberts is a Democrat sheep?

Fascinating.

 

[chucky2]

I'm a little confused by this post. Are these monthly totals or yearly totals? If it's monthly that is a pretty good penalty to make sure people get insurance. If that's yearly, then I see almost no point in even having a penalty. You take a standard household with two adults and two kids, making $40k a year gross (so they are not that well off at all). In 2016, the year of your highest %, that's $40k * .025 = $1000. So they'll have to go to the $2085 number.

$2085 penalty for a family of 4 for a year? $174 a month? And, I'm sure at some gross $ point, they will have credits/exemptions/etc to bring this down even more.

My point: This penalty is so low, why would anyone just not get insurance, and pay the penalty instead? I'm not seeing the stick here, just carrots...

Chuck

Its yearly.

Then I just do not understand how in Reality this is going to work. Once it's known how to game the system, pretty much Everyone who doesn't have the discretionary income and/or morals to pay for something they use is just going to not pay and be fined, since it's cheaper.

There has to be something to being fined that is bad correct? Such as you don't qualify for transplants, advanced services, chemo, etc. etc.? If my buddy who makes almost $30k a year and is single, and has no health covage, doesn't pay and is fined, and shows up at the docs with cancer, or gurd, or something like that, and the total is more than his fine (which, it absolutely will be with fine amounts being so low), where do they think the $$$ are going to come from to cover the balance???

ACA is a tiered plan then? Because that's the first I've heard of it being tiered (just never heard it mentioned before)....

Chuck

 

[MovingTarget]

Mitt Romney's response to the ruling:

http://www.cbsnews.com/video/watch/?id=7413216n

 

[IBMer]

Do republicans consider all tax deductions Federal Mandates?

I don't have children so I am penalized.

Is the government telling me I have to have children?

 

[fskimospy]

In the media outlets defense. If find out it was a 5-4 decision and only glanced at the release that roberts authored the majority. Wouldnt most assume it was struck down?

I'm pretty sure what happened was that CNN first saw that the court didn't accept the commerce clause and figured it was struck down without noticing that it was upheld on the tax clause.

Still pretty inexcusable from a news agency, but that just shows how desperate people are to be first I guess.

 

[ElMonoDelMar]

We need a tax that if you dont vote republican you get taxed. Based on this ruling perfectly legal.


Oh wait, democrates might now take that idea and actually run with it, and their sheep here will defend it.

Might not be a bad idea except for that pesky first amendment.

 

[Fern]

Actually good sir, your WRONG. The tax is only deemed legitimate until its enacted, then it must be ruled as being legal or illegal as a final decision.


its literally "in limbo" until its enactment of 2014. there is no final say.


Not sure of your understanding of the situation... but the fact remains, the tax must be ruled legal before its ever enacted., and thats a couple years off. Far from the end of story. Loophole after loophole.

Eskimospy is correct.

Roberts wrote the penalty was a tax for Constitutional purposes, but not a tax for the anti-injunction law. That's counter-intuitive at first blush. Will need to read the part of the opinion that addresses this.

Fern

 

[momeNt]

So strategically uninsured middle-classers, who make too much to get it for free like lower class Americans get their "taxes" raised.

 

[Ausm]

Donut holes exist so that everyone gets some benefit. Then a hole in the middle where you are required to cover yourself. Then catastrophic coverage kicks in.

Are you talking about the doughnut hole in Medicare? The only beneficiary of that is big pharma...