Obamacare watch...Supreme Court Decision

Obamacare about to be announced today at any time.

My prediction: It will be upheld or mostly upheld.
 
once again.... right as usual. wondering when will you people ever get on the program.... you know - progressive and whatnot.

*shrug*
 
Per the Drudge Report:

SUPREME COURT RULES:
Mandate survives as a tax...
Chief Justice Roberts joins the left of the Court...
The Medicaid provision is limited but not invalidated...
'Congress had the power to impose the exaction in Section 5000A under the taxing power, and that Section 5000A need not be read to do more than impose a tax. This is sufficient to sustain it. '

The court reinforces that individuals can simply refuse to pay the tax and not comply with the mandate.
 
Oh, goody. I get to pay more taxes. :roll:
 
Reba said:
Oh, goody. I get to pay more taxes. :roll:
Click to expand...

you can simply refuse to pay for it. and beside... you're most likely exempted from it and will be covered by it.
 
Looks like Drudge Report made an error, here's another copy and paste from the DR again:

SUPREME COURT RULES:
Mandate survives as a tax...
Chief Justice Roberts joins the left of the Court...
The Medicaid provision is limited but not invalidated...
'Congress had the power to impose the exaction in Section 5000A under the taxing power, and that Section 5000A need not be read to do more than impose a tax. This is sufficient to sustain it. '

The court reinforces that individuals cant simply refuse to pay the tax and not comply with the mandate...

FLASHBACK: Obama: Mandate is Not a Tax...
 
Next prediction: More businesses will close as a result of this ruling simply because they cannot afford it.

Other prediction: If you thought high gas prices was a problem, you ain't seen nothing yet. Everything you buy will just get more expensive.
 
Reba said:
Oh, goody. I get to pay more taxes. :roll:
Click to expand...

Jiro said:
you can simply refuse to pay for it. and beside... you're most likely exempted from it and will be covered by it.
Click to expand...

Yup, that's correct.

Reba, if you are covered by Tricare so it does meet requirement so you will not face tax penalties.
 
What the health care ruling means to you - CNN.com
The uninsured
The decision leaves in place the so-called individual mandate -- the requirement on Americans to have or buy health insurance beginning in 2014 or face a penalty -- although many are exempt from that provision.

In 2014, the penalty will be $285 per family or 1% of income, whichever is greater. By 2016, it goes up to $2,085 per family or 2.5% of income.

Health care exchanges, which are designed to offer cheaper health care plans, remain in place as well.
Click to expand...

The insured
Because the requirement remains for people to have or buy insurance, the revenue stream designed to help pay for the law remains in place. So insured Americans may be avoiding a spike in premiums that could have resulted if the high court had tossed out the individual mandate but left other requirements on insurers in place.
Click to expand...

All taxpayers
No matter what the Supreme Court had decided, it would have been a mixed bag for all Americans when it comes to federal spending. There is heated dispute over what impact the health care law will have on the country over the long term.

The federal government is set to spend more than $1 trillion over the next decade to subsidize coverage and expand eligibility for Medicaid. The nonpartisan Congressional Budget Office estimated that the law could reduce deficits modestly in the first 10 years and then much more significantly in the second decade.

The CBO said a repeal of the mandate could reduce deficits by $282 billion over 10 years, because the government would be subsidizing insurance for fewer people. But the nation faces costs in various ways for having people who are uninsured. The Urban Institute's Health Policy Center estimated that without a mandate, 40 million Americans would remain uninsured.

Meanwhile, the Flexible Spending Accounts that millions of Americans use to save money tax-free for medical expenses will be sliced under the law. FSAs often allow people to put aside up to $5,000 pre-tax; as of 2013, they were to face an annual limit of $2,500.
Click to expand...

Small business owners
The rules and benefits small business owners face as a result of the health care law remain in place.

As CNN has chronicled, the law brought a mix of both. The director of the National Federation of Independent Business is one of the plaintiffs who pushed the court to strike down the law. Meanwhile, a group called Small Business Majority fought to protect the law, saying its loss could be a nightmare.

As of 2014, under the law, small firms with more than 50 full-time employees would have to provide coverage or face expensive fines.
Click to expand...
 
kokonut said:
Next prediction: More businesses will close as a result of this ruling simply because they cannot afford it.

Other prediction: If you thought high gas prices was a problem, you ain't seen nothing yet. Everything you buy will just get more expensive.
Click to expand...

That's false because it is your wishful thinking.
 
kokonut said:
Next prediction: More businesses will close as a result of this ruling simply because they cannot afford it.

Other prediction: If you thought high gas prices was a problem, you ain't seen nothing yet. Everything you buy will just get more expensive.
Click to expand...

prediction? :laugh2:

1. your prediction for Arizona immigration law was wrong.
2. your prediction for Obamacare was wrong.
3. your prediction for $5+ gas was wrong.

and.... to reiterate about small businesses
As of 2014, under the law, small firms with more than 50 full-time employees would have to provide coverage or face expensive fines.
Click to expand...

if they can afford to have more than 50 full-time employees.... surely they can afford health coverage. to not provide one for their employees is pure greed and selfishness. there's no excuse to not provide one for your employees especially if your business has 50+ employees.
 
Jiro said:
prediction? :laugh2:

1. your prediction for Arizona immigration law was wrong.
2. your prediction for Obamacare was wrong.
3. your prediction for $5+ gas was wrong.

and.... to reiterate about small businesses


if they can afford to have more than 50 full-time employees.... surely they can afford health coverage. to not provide one for their employees is pure greed and selfishness. there's no excuse to not provide one for your employees especially if your business has 50+ employees.
Click to expand...

Of course, he seems be very sad for being wrong. :lol:
 
kokonut said:
Looks like Drudge Report made an error, here's another copy and paste from the DR again:

SUPREME COURT RULES:
Mandate survives as a tax...
Chief Justice Roberts joins the left of the Court...
The Medicaid provision is limited but not invalidated...
'Congress had the power to impose the exaction in Section 5000A under the taxing power, and that Section 5000A need not be read to do more than impose a tax. This is sufficient to sustain it. '

The court reinforces that individuals cant simply refuse to pay the tax and not comply with the mandate...

FLASHBACK: Obama: Mandate is Not a Tax...
Click to expand...

oh my... DR is making you very confused.... I think DR is confusing itself as well :lol:

here's an accurate version of Chief Justice Roberts
"The Federal Government does not have the power to order people to buy health insurance. Section 5000A would therefore be unconstitutional if read as a command. The Federal Government does have the power to impose a tax on those without health insurance. Section 5000A is therefore constitutional, because it can reasonably be read as a tax," Roberts said in his opinion
Click to expand...
 
Jiro said:
prediction? :laugh2:

1. your prediction for Arizona immigration law was wrong.
2. your prediction for Obamacare was wrong.
3. your prediction for $5+ gas was wrong.

and.... to reiterate about small businesses


if they can afford to have more than 50 full-time employees.... surely they can afford health coverage. to not provide one for their employees is pure greed and selfishness. there's no excuse to not provide one for your employees especially if your business has 50+ employees.
Click to expand...
What about those businesses with less than 50 employees? Have you run your own business before? I predict more companies goes out of businesses. we are still in slump.
 
please explain little bit more about what this court upheld? meaning people without insurance must pay against their wishes or they pay big fine? still?
 
jazzy said:
What about those businesses with less than 50 employees?
Click to expand...
exempted.

jazzy said:
Have you run your own business before?
Click to expand...
no.

jazzy said:
I predict more companies goes out of businesses. we are still in slump.
Click to expand...
it's certainly not because of Obamacare since it doesn't even take effect until 2014. if more businesses are going out of business before Obamacare even take effect, it's because of fat cats, not Obamacare.
 
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