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View Diary: Administration announces another Obamacare delay (110 comments)

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  •  I'd like to see some math for that (3+ / 0-)
    Recommended by:
    orlbucfan, divineorder, bryduck

    The insurance companies are already some of the richest companies on the planet--the largest companies already make more in income than the entire country of England spends on its national health care service. ACA only covers 30 million Americans who have no insurance. I am utterly unconvinced that the companies will go broke boo hoo hoo if we just make then cover pre-existing conditions, period. I'd like to see some math to demonstrate that covering those 30 million people not matter what illness they have will drain away so many of the company's obscene profits that they may have to (gasp) cut the CEO's bonus this year. . . .

    In the end, reality always wins.

    by Lenny Flank on Wed Nov 27, 2013 at 11:46:39 AM PST

    [ Parent ]

    •  See Krugman, Paul (0+ / 0-)

      for his explanation of the 3 part stool of the ACA.

      Subsidies
      Pre-existing conditions
      Individual mandates

      No one of those can be removed and have the stool remain standing.

      "Empty vessels make the loudest sound, they have the least wit and are the greatest blabbers" Plato

      by Empty Vessel on Wed Nov 27, 2013 at 11:48:58 AM PST

      [ Parent ]

      •  I understand the theory (0+ / 0-)

        I want to see the math.

        I long ago stopped listening to companies who weep and cry "we'll go broke boo hoo hoo" since they've weeped and cried it about absolutely everything from outlawing child labor to raising the minimum wage.  If I listened to their weeping, it'd be a surprise they haven't ALL gone out of business 70 fucking years ago.  (shrug)

        So I want to see the math.  Covering the 30 million uninsured will cost X dollars per year, and the industry makes Y dollars profit per year. Show me that X is bigger than Y.

        In the end, reality always wins.

        by Lenny Flank on Wed Nov 27, 2013 at 11:54:02 AM PST

        [ Parent ]

        •  The math is beyond me (0+ / 0-)

          not least because I don't have the numbers to put into the formula, even if I had the formula.  Thus, I listen to Krugman, who is better at this than I am.

          "Empty vessels make the loudest sound, they have the least wit and are the greatest blabbers" Plato

          by Empty Vessel on Wed Nov 27, 2013 at 12:09:23 PM PST

          [ Parent ]

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