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Fr33f0rm

Fr33f0rm
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  • The Affordable Care Act actually discourages small businesses from growing, says TheStreet.com's Robert Weinstein. Buried within 2,700 pages of the Act is a requirement that businesses provide all employees with "acceptable" health insurance coverage, but exempts businesses with 49 or fewer full time employees. For small business owners, this is a glaring disincentive not to grow beyond 49 employees as a result of the costs and additional regulations companies face with 50 or more.  [View news story]
    False. Obamacare is NOT the largest tax increase in American history (with respect to GDP). Check politifacts.org.

    Generally, when Rush Limbaugh is speaking, it's a good policy to flip a coin. Heads, he's telling the truth, tails, he's making up facts or immersing himself in hyperbole.
    Jul 7 02:03 AM | 5 Likes Like |Link to Comment
  • The Affordable Care Act actually discourages small businesses from growing, says TheStreet.com's Robert Weinstein. Buried within 2,700 pages of the Act is a requirement that businesses provide all employees with "acceptable" health insurance coverage, but exempts businesses with 49 or fewer full time employees. For small business owners, this is a glaring disincentive not to grow beyond 49 employees as a result of the costs and additional regulations companies face with 50 or more.  [View news story]
    True...ish....most insurance companies are national or multinational...making it a federal matter prevents insurance companies from threatening not do business with a state.

    Oddly enough, I think it was easier to push through on a federal level than it would have been to push through on a state level.
    Jul 7 02:00 AM | Likes Like |Link to Comment
  • The Affordable Care Act actually discourages small businesses from growing, says TheStreet.com's Robert Weinstein. Buried within 2,700 pages of the Act is a requirement that businesses provide all employees with "acceptable" health insurance coverage, but exempts businesses with 49 or fewer full time employees. For small business owners, this is a glaring disincentive not to grow beyond 49 employees as a result of the costs and additional regulations companies face with 50 or more.  [View news story]
    I've never heard this argument used on the conservative side. Usually I hear, "What would congressmen care about the quality or availability of the healthcare plans because they already enjoy Cadillac coverage plans."
    Jul 7 01:45 AM | 2 Likes Like |Link to Comment
  • The Affordable Care Act actually discourages small businesses from growing, says TheStreet.com's Robert Weinstein. Buried within 2,700 pages of the Act is a requirement that businesses provide all employees with "acceptable" health insurance coverage, but exempts businesses with 49 or fewer full time employees. For small business owners, this is a glaring disincentive not to grow beyond 49 employees as a result of the costs and additional regulations companies face with 50 or more.  [View news story]
    It's been observed that Insurance companies have been increasing their rates over the last few years because there is currently no premium increase limit but I don't know if the premium increase limit survived with the healthcare bill.
    Jul 7 01:42 AM | Likes Like |Link to Comment
  • Former Obama OMB director Peter Orszag says, despite several states already taking their cue from the Supreme Court’s health care decision and opting out of offering additional Medicaid coverage, most will continue to do so because of the attractive subsidy. States are already offering more coverage with a federal government reimbursement rate below 60%, and when it goes to 90% the temptation will just be too hard to resist.  [View news story]
    And if you didn't notice, Obamacare allows for buying insurance policies over state lines.

    And from my own personal situation...I was sent to the emergency room due to an injury at work and laid off afterwards. Because of my trip to the emergency room, I was denied access to non-COBRA plans. I am a healthy non-smoker but I was still incapable of qualifying for insurance.
    Jul 5 10:09 AM | Likes Like |Link to Comment
  • Former Obama OMB director Peter Orszag says, despite several states already taking their cue from the Supreme Court’s health care decision and opting out of offering additional Medicaid coverage, most will continue to do so because of the attractive subsidy. States are already offering more coverage with a federal government reimbursement rate below 60%, and when it goes to 90% the temptation will just be too hard to resist.  [View news story]
    Please cite your source for 100B in Medicare waste and fraud. I highly doubt that there is that much fraud in the system.

    There HAS to be some government regulation in health care, or else doctors, insurance companies, or anyone could get ransom prices from patients in need of care. Do you want a system where prices are completely flexible and contingent on how much you need a procedure?
    Jul 5 10:05 AM | Likes Like |Link to Comment
  • Former Obama OMB director Peter Orszag says, despite several states already taking their cue from the Supreme Court’s health care decision and opting out of offering additional Medicaid coverage, most will continue to do so because of the attractive subsidy. States are already offering more coverage with a federal government reimbursement rate below 60%, and when it goes to 90% the temptation will just be too hard to resist.  [View news story]
    You sorely overestimate the effectiveness of our legal system. It takes years to get to court and, if the suit was over a critical procedure, it will be the survivors that foot the bill, after paying the medical bills themselves, to try to bring the case to court.
    Jul 5 10:00 AM | Likes Like |Link to Comment
  • Former Obama OMB director Peter Orszag says, despite several states already taking their cue from the Supreme Court’s health care decision and opting out of offering additional Medicaid coverage, most will continue to do so because of the attractive subsidy. States are already offering more coverage with a federal government reimbursement rate below 60%, and when it goes to 90% the temptation will just be too hard to resist.  [View news story]
    You mean "death panels"?

    Do you actually think that they'd be LESS generous than insurance companies?
    Jul 3 12:21 PM | Likes Like |Link to Comment
  • Former Obama OMB director Peter Orszag says, despite several states already taking their cue from the Supreme Court’s health care decision and opting out of offering additional Medicaid coverage, most will continue to do so because of the attractive subsidy. States are already offering more coverage with a federal government reimbursement rate below 60%, and when it goes to 90% the temptation will just be too hard to resist.  [View news story]
    The biggest moves that the Obama administration have done with respect to insurance companies revolve around reducing opportunities for insurance companies to profit from procedure rejection or delay.

    If you are in need of expensive surgery to save your life, it is cheaper for insurance companies to delay authorization and let you die than to pay. What new legislation has done is to reduce the profitability of this practice by mandating payout ratios and being more specific on the roles of insurance companies.
    Jul 3 10:52 AM | 4 Likes Like |Link to Comment
  • New accounting rules set to be approved Monday could sharply raise (on paper) the massive pension shortfalls faced by states and municipalities, though government officials insist the change is only cosmetic and won't force an alteration in their behavior or return assumptions. Prepare for "sticker shock" says a benefits consultant.  [View news story]
    False. I worked for a manager that turned off the fume hoods to save money. So he could get a better bonus.

    OSHA is a pain in the ass and it always costs employers money but accountants always see a cost as a bad thing.
    Jun 24 06:27 PM | 1 Like Like |Link to Comment
  • New accounting rules set to be approved Monday could sharply raise (on paper) the massive pension shortfalls faced by states and municipalities, though government officials insist the change is only cosmetic and won't force an alteration in their behavior or return assumptions. Prepare for "sticker shock" says a benefits consultant.  [View news story]
    Do you really want competition in police forces?

    You will end up with tribal warfare...

    3700 comments and I'm still waiting for you to make a smart one.
    Jun 24 06:07 PM | 2 Likes Like |Link to Comment
  • New accounting rules set to be approved Monday could sharply raise (on paper) the massive pension shortfalls faced by states and municipalities, though government officials insist the change is only cosmetic and won't force an alteration in their behavior or return assumptions. Prepare for "sticker shock" says a benefits consultant.  [View news story]
    Strongly agreed.

    Hedge funds managing public pension plans is a recipe for disaster. There have already been a few scandals but, ultimately, there are so many ways to game the system, and so few ways for the public officials to change money managers, that there is virtually no incentive for fund managers to act ethically.

    I would not be surprised at vast amounts of skimming from each fund manager controlling a pension fund.
    Jun 24 05:56 PM | 2 Likes Like |Link to Comment
  • Although joblessness amongst the young has grabbed much attention, just as significant are the 3.5M+ middle-aged unemployed, 39% of whom have been without work for at least a year. The rate is unprecedented in modern U.S. history. "Even when you do return to work, it's a much worse job than before you were laid off," says Economist Sewin Chan. (See also)  [View news story]
    Age discrimination is a real thing, and, in some cases, justifyable.

    Older people are, in general, harder to train and less technologically savvy which makes for a less attractive situation.

    Many managers prefer younger employees because they're more apt to learn the manager's system rather than using their own that might clash with the company's processes.
    Jun 24 05:45 PM | 3 Likes Like |Link to Comment
  • It's make-or-break time for A123 Systems (AONE), according to Automotive News' Dustin Walsh. If the hype from the firm is correct over its lithium-ion battery that can deliver 10X the life of traditional lead acid batteries and withstand temperature extremes, then it's a game-changer. But without additional funding or a slew of new contracts, the naysayers may be proven correct. Shares of AONE +9.1% after aides with Obama make positive comments about fuel cell technology.  [View news story]
    Fuel cells generate power based on the quality and pressure of the gas in the exchanger. It's a lot easier to control the power through a secondary battery than trying to change the pressure of the gas dynamically.

    So yes, fuel cells need secondary batteries.
    Jun 20 12:49 PM | 1 Like Like |Link to Comment
  • Former President Bill Clinton thinks the U.S. economy is already in a recession and urges Congress to extend all the tax cuts due to expire at the end of the year. "What I think we need to do is find some way to avoid the fiscal cliff, to avoid doing anything that would contract the economy now," Clinton says, "Then deal with what's necessary in the long term debt-reduction plans as soon as they can, which presumably would be after the election."  [View news story]
    Remember though, that excludes the Social Security, SDI/SWI, and other "non-tax" charges on your income that are far flatter and, in the case of social security, caps out at 20k or something.

    People like to quote just the progressive tax rate because it makes the wealthiest seem like victims but if you combine all of the tax and non-tax charges, it starts to look a lot flatter.
    Jun 12 04:13 PM | Likes Like |Link to Comment
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