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Post by ShivaTD on Aug 24, 2013 7:53:41 GMT
I'd already reported the UPS story but it has been misrepresented since then. UPS is going to cut spousal coverage where a working spouse will be able to obtain health insurance from their employer. Non-working spouses and working spouses where their employer does not offer health insurance will not have their coverage dropped. None of those that are dropped from UPS will lose health insurance because they can obtain it from their employer.
This will actually save UPS money because they won't have to provide health insurance to working people that can obtain it from their own employer.
It will probably save these households money as well because the "primary" insured worker typically contributes less for their health insurance than they do for their spouse. From personal experience I'd estimate that the coverage for the spouse costs at least four-times as much as for the worker for the coverage (e.g. I paid about $40/mo for myself and paid about $190/mo for my spouse at Boeing).
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Post by ShivaTD on Aug 24, 2013 8:19:06 GMT
In a letter 80 radical Republicans are threatening to plunge the United States into a fiscal crisis by refusing to fund the ACA (Obamacare) for 2014.
news.yahoo.com/80-house-members-shutdown-better-obamacare-220617725.html
The failure to fund expenditures will unquestionably lead to a reduction in the US government credit rating making it more costly to service the national debt of $17 trillion.
In 2012 the US spent about $220 billion in interest on the national debt of about $15 trillion and that was a very low 1.4% interest rate. With the probably downgrading of the US government's credit rating the interest rates could easily go to 4% or more. At 4% the interest on our now $17 trillion national debt would be $680 billion or more than we spend on all the general expendature welfare programs in America today.
If these radical right-wing Republicans want to lower the cost of government then creating a situation that will dramatically increase the interest on the national debt, tripling what it will cost every year, by shutting down the US government is about the dumbest proposition I've ever read.
"Obamacare", love it or not, is already the law of the land and it must be funded. Shutting down the government, even partially, is not the answer.
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Post by Professor Peabody on Aug 28, 2013 3:51:23 GMT
In a letter 80 radical Republicans are threatening to plunge the United States into a fiscal crisis by refusing to fund the ACA (Obamacare) for 2014.
news.yahoo.com/80-house-members-shutdown-better-obamacare-220617725.html
The failure to fund expenditures will unquestionably lead to a reduction in the US government credit rating making it more costly to service the national debt of $17 trillion.
In 2012 the US spent about $220 billion in interest on the national debt of about $15 trillion and that was a very low 1.4% interest rate. With the probably downgrading of the US government's credit rating the interest rates could easily go to 4% or more. At 4% the interest on our now $17 trillion national debt would be $680 billion or more than we spend on all the general expendature welfare programs in America today.
If these radical right-wing Republicans want to lower the cost of government then creating a situation that will dramatically increase the interest on the national debt, tripling what it will cost every year, by shutting down the US government is about the dumbest proposition I've ever read.
"Obamacare", love it or not, is already the law of the land and it must be funded. Shutting down the government, even partially, is not the answer. If the spouse has the insurance exchanges available then they must get their insurance there. |
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Post by ShivaTD on Aug 28, 2013 11:36:20 GMT
If the spouse has the insurance exchanges available then they must get their insurance there.
Basically these 80 Republican idiots are saying, "We don't care how much it costs we're going to block 'Obamacare' funding." |
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