House GOP health bill changes exempt members of Congress

Discussion in 'Current Events' started by toddwv, Apr 26, 2017.

  1. raytri

    raytri Well-Known Member

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    Okay, one more time.

    By "rate", you are referring to the dollar amount that premiums increase every year. So you're saying something like "premiums go up at a rate of $1000 a year."

    That's fine. But that's not how economists describe growth rates. They use percentages, as in "premiums go up at a rate of 5% a year." That's why the inflation rate is expressed as a percentage. It's why GDP growth is expressed as a percentage. it's why nearly every economic rate is expressed as a percentage.

    Why do economists prefer percentages? Because they are more meaningful.

    To understand why, say a report comes out that says GDP grew by $10 billion in the first quarter.

    If the report is about Tonga, that's GREAT news! Tonga only has a GDP of about $400 million, so $10 billion represents a massive leap.

    But if the report is about the United States, that's TERRIBLE news. It's not even a rounding error for the United States, which has a GDP of $18 trillion.

    As my example demonstrates, it's impossible to assess the meaning of a change in a measure (GDP in my example, average premiums in our Obamacare discussion) without knowing what that measure's initial value was. And that means looking at percentage rates.

    So your charts show that after Obamacare passed, the rate of growth in premiums in percentage terms started to slow. Whether that's BECAUSE of Obamacare is another question. But it's just a fact that the growth rate has slowed.
     
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  2. vman12

    vman12 Well-Known Member Past Donor

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    Oh I understand your point. I also understand you want to focus on minutia and not look at the larger picture.

    Obamacare helps no one but those who are being completely subsidized by the tax payers, who then cannot afford their own non-subsidized health care.
     
  3. raytri

    raytri Well-Known Member

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    :facepalm:

    Okay, can we be done? I think we're done. You remain impervious to facts.
     
  4. vman12

    vman12 Well-Known Member Past Donor

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    If Obamacare was factually a good thing then the insured and the insurers would be satisfied, if not pleased.

    The only ones happy with Obamacare are the ones who have other people paying for their health insurance.

    Those are facts.
     
  5. Chuck711

    Chuck711 Well-Known Member

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    Please prove that 2 million had to change doctors.

    Originally the ACA had across states line provisions.

    That was stripped from the ACA. If left in place it would create competition and lower cost.
     
  6. Chuck711

    Chuck711 Well-Known Member

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    Sounds like Dems and Republicans need to fix it or replace it with something better and cheaper as Trump told us........Simple

    Strong Leadership is what needed. Not partisan politics.. Drain that Swamp..Oh Trump told us that too...........
     
  7. vman12

    vman12 Well-Known Member Past Donor

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