"AFFORDABLE" Care Act

[3waycross]

Still hoping for some change well here it is..................Please pass the KY jelly.........Thanks Kathie!

 

[slick4591]

The wife retired yesterday and we had to have medical insurance today. Three years ago I checked out rates for the fun of it. What we bought for now was 3x more than then for a lot less coverage. There wasn't enough vaseline.

 

[3waycross]

The only one that's not a problem for us is the Estate Tax. There won't be enough left to plant me with the rates on capital gains and dividends. The theiven B@STARDS

 

[boondocks]

Sorry, gotta call :bs: on this one.
This is an old chain email from last year that has been thoroughly debunked.
http://www.factcheck.org/2014/04/false-tax-claims/
http://jacksonville.com/reason/fact-che ... -obamacare
http://www.snopes.com/politics/taxes/whathappened.asp

I don't like taxes anymore than anyone else, but I have a low tolerance for fake chain emails (on any subject).

 

[3waycross]

Sorry, gotta call :bs: on this one.
This is an old chain email from last year that has been thoroughly debunked.
http://www.factcheck.org/2014/04/false-tax-claims/
http://jacksonville.com/reason/fact-che ... -obamacare
http://www.snopes.com/politics/taxes/whathappened.asp

I don't like taxes anymore than anyone else, but I have a low tolerance for fake chain emails (on any subject).

Folks we have a winner. In fact there are some changes to the tax code including I believe the capital gains tax but not this mess. :banana: :banana: :banana: :banana: :banana:

 

[hurleyjd]

http://www.fool.com/how-to-invest/perso ... -know.aspx

Capital gains tax rate for 2015.

 

[john250]

What is true, is that you can not be rejected for a pre-existing conditio0n. In return, your insurance will pay 60%
of your hospital bill. 80% was the previous standard. Your deductible (what you owe before insurance kicks in)
has increased (a lot). Obamacare is a scam.

The only people who like Obamacare are those getting it for free.

 

[Nesikep]

You don't think the 800 billion for the AIG, etc bailout has an interest rate attached to it?... what about the trillions spent after the original bailout?

Obamacare is a drop in the bucket of what you're paying in taxes.

 

[kerley]

I have always had terrific coverage with Blue Cross,PERS but I fell of a latter in November and of all things I broke my right thumb. My Insurance billing goes to Medicare and Blue Cross pays 100% of the balance, BUT NO MORE. Now billing goes to Medicare/ Obama Care, they pay their part then it goes to Blue Cross and they pay all due except for the Xrays. Reason...Obama Care allows nothing for xrays therefore Blue Cross can not pay for xrays under the rules of Obama Care. Anything surgical has to be pre approved.
This Obama crap really stinks.

I can't tell you what I think of Obama without being Locked.

 

[AllForage]

You don't think the 800 billion for the AIG, etc bailout has an interest rate attached to it?... what about the trillions spent after the original bailout?

Obamacare is a drop in the bucket of what you're paying in taxes.

Hey aren't you a Canadian????

 

[TexasBred]

You don't think the 800 billion for the AIG, etc bailout has an interest rate attached to it?... what about the trillions spent after the original bailout?

Obamacare is a drop in the bucket of what you're paying in taxes.

AIG was $182 billion at 14% interest...it has all been repaid and fed made a profit of 22 billionplus.

 

[TennesseeTuxedo]

You don't think the 800 billion for the AIG, etc bailout has an interest rate attached to it?... what about the trillions spent after the original bailout?

Obamacare is a drop in the bucket of what you're paying in taxes.

AIG was $182 billion at 14% interest...it has all been repaid and fed made a profit of 22 billionplus.

Yup

 

[ga.prime]

You don't think the 800 billion for the AIG, etc bailout has an interest rate attached to it?... what about the trillions spent after the original bailout?

Obamacare is a drop in the bucket of what you're paying in taxes.

Nonsense. Just speaking for myself, I spent more on Obamacare last year than I paid in on all state, federal, and local taxes combined. A lot more.

 

[kerley]

You don't think the 800 billion for the AIG, etc bailout has an interest rate attached to it?... what about the trillions spent after the original bailout?

Obamacare is a drop in the bucket of what you're paying in taxes.

Hey aren't you a Canadian????

No, I was born in the US and so were my parents.

 

[AllForage]

You don't think the 800 billion for the AIG, etc bailout has an interest rate attached to it?... what about the trillions spent after the original bailout?

Obamacare is a drop in the bucket of what you're paying in taxes.

Hey aren't you a Canadian????

No, I was born in the US and so were my parents.

Is your name Nesi?

 

[Nesikep]

Yes I am Canadian.. I do keep some track of world politics...

I said AIG etc... it's the etc part, especially after the initial bailout that I haven't been able to find much information about...
I'm also very curious about what the fed did with the repaid money... just spend it elsewhere? I don't think the federal debt has diminished any :hide:

I read some websites that predict we Canucks up here could be in for a world of hurt in the next year... but don't think it'll affect me directly too much (only time will tell)

 

[wacocowboy]

I know since the beginning of 2014 our monthly payments have gone up more than I have ever seen them jump before and our copay is jumping up as well. I also had a hard time getting my back surgery approved. Talked to my doc's nurse she said they started having problems getting surgeries approved since the ACA went into effect.

 

[TexasBred]

Yes I am Canadian.. I do keep some track of world politics...

I said AIG etc... it's the etc part, especially after the initial bailout that I haven't been able to find much information about...
I'm also very curious about what the fed did with the repaid money... just spend it elsewhere? I don't think the federal debt has diminished any :hide:

NEW YORK (CNNMoney)
Five years later, taxpayers still haven't broken even on the $698.2 billion in government bailouts issued during the financial crisis.
But we're getting close. The bailouts, which include money disbursed through TARP as well as other funds used to shore up Fannie Mae, Freddie Mac and AIG, may even show a profit by the time the sixth anniversary arrives.
So far, Treasury and the Federal Reserve have recouped $670 billion of those funds. That's far more than could have been imagined in the dark days of 2008.
Most of the money has been returned to U.S. coffers via the sale of stock in the companies that were rescued. The firms also repaid the government by selling off assets and making loan and dividend payments.
Here's a rundown of where the payouts stand:
Banks: $22.3 billion profit
The Trouble Asset Relief Program, which was the most publicized and controversial part of the bailouts, was created to help the faltering U.S. bank system. Treasury used it to pump $250 billion into banks both large and small in order to shore up their capital, and to keep them lending money to consumers and businesses. In return, Treasury got stock and warrants in the banks, which it later sold at a profit.
Treasury has already sold the shares it owned in major banks, such as Citigroup (C) and Bank of America (BAC). But it's still slowly selling off the stakes it has in many small banks, which should make the banking portion of the bailout slightly more profitable.
AIG: $22.7 billion profit
The insurer was rescued by the Federal Reserve, which pledged $85 billion in help in the days following Lehman Brothers' 2008 bankruptcy. AIG ultimately received about $152 billion from both the Fed and TARP. The government turned a profit by selling its shares of AIG (AIG), as well as by pocketing the proceeds from the sale of the company's non-core units.
Both TARP and the Fed ended up making a profit on the AIG rescue.
Related: 5 years after Lehman: Where are the key players now?
Auto industry: $26.9 billion loss
General Motors (GM), Chrysler Group and Ally Financial, the finance firm then known as GMAC, together received $79.7 billion in help in 2008 and 2009. While some of that assistance came in the form of loans, most of it was was given to the companies in return for their stock.
Stock sales, dividend and loan payments together have returned only $52.7 billion to the government, leaving a $27 billion deficit.
Ally, two-thirds of which is still owned by Treasury, is expected to repay another $6 billion this year. Treasury also owns roughly 100 million shares of GM, which are worth about $3.6 billion at today's market prices.
Those stakes should help narrow the government's loss on the auto bailout. But it's doubtful that taxpayers will be made whole on the $80 billion the industry received.
Related: Lessons from the crash
Fannie Mae & Freddie Mac: $41 billion loss
The two mortgage finance firms were bailed out a week before the Lehman bankruptcy, and eventually received $187 billion in funds between them. But they've already repaid $146 billion of that, and Freddie has signaled that it may make another payment of as much as $25 billion later this year.
In addition, both companies are now profitable once again thanks to the recovery in the housing market. Since all of Fannie's and Freddie's profits flow directly to Treasury, that should mean billions of dollars in additional payments.
Related: Are we ready for the next meltdown?
Other bailouts: $5 billion loss
This category includes a number of short-term programs that helped restart financial markets that froze up in the crisis. They gave money to asset managers to help them buy toxic mortgage securities from banks, hedge funds and other investors. Treasury made a $4 billion profit on those programs.
But it also spent $9 billion to assist struggling home owners, and that's one area where losses might continue to climb.
First Published: September 15, 2013: 9:01 AM ET

 

[hurleyjd]

Yes I am Canadian.. I do keep some track of world politics...

I said AIG etc... it's the etc part, especially after the initial bailout that I haven't been able to find much information about...
I'm also very curious about what the fed did with the repaid money... just spend it elsewhere? I don't think the federal debt has diminished any :hide:

NEW YORK (CNNMoney)
Five years later, taxpayers still haven't broken even on the $698.2 billion in government bailouts issued during the financial crisis.
But we're getting close. The bailouts, which include money disbursed through TARP as well as other funds used to shore up Fannie Mae, Freddie Mac and AIG, may even show a profit by the time the sixth anniversary arrives.
So far, Treasury and the Federal Reserve have recouped $670 billion of those funds. That's far more than could have been imagined in the dark days of 2008.
Most of the money has been returned to U.S. coffers via the sale of stock in the companies that were rescued. The firms also repaid the government by selling off assets and making loan and dividend payments.
Here's a rundown of where the payouts stand:
Banks: $22.3 billion profit
The Trouble Asset Relief Program, which was the most publicized and controversial part of the bailouts, was created to help the faltering U.S. bank system. Treasury used it to pump $250 billion into banks both large and small in order to shore up their capital, and to keep them lending money to consumers and businesses. In return, Treasury got stock and warrants in the banks, which it later sold at a profit.
Treasury has already sold the shares it owned in major banks, such as Citigroup (C) and Bank of America (BAC). But it's still slowly selling off the stakes it has in many small banks, which should make the banking portion of the bailout slightly more profitable.
AIG: $22.7 billion profit
The insurer was rescued by the Federal Reserve, which pledged $85 billion in help in the days following Lehman Brothers' 2008 bankruptcy. AIG ultimately received about $152 billion from both the Fed and TARP. The government turned a profit by selling its shares of AIG (AIG), as well as by pocketing the proceeds from the sale of the company's non-core units.
Both TARP and the Fed ended up making a profit on the AIG rescue.
Related: 5 years after Lehman: Where are the key players now?
Auto industry: $26.9 billion loss
General Motors (GM), Chrysler Group and Ally Financial, the finance firm then known as GMAC, together received $79.7 billion in help in 2008 and 2009. While some of that assistance came in the form of loans, most of it was was given to the companies in return for their stock.
Stock sales, dividend and loan payments together have returned only $52.7 billion to the government, leaving a $27 billion deficit.
Ally, two-thirds of which is still owned by Treasury, is expected to repay another $6 billion this year. Treasury also owns roughly 100 million shares of GM, which are worth about $3.6 billion at today's market prices.
Those stakes should help narrow the government's loss on the auto bailout. But it's doubtful that taxpayers will be made whole on the $80 billion the industry received.
Related: Lessons from the crash
Fannie Mae & Freddie Mac: $41 billion loss
The two mortgage finance firms were bailed out a week before the Lehman bankruptcy, and eventually received $187 billion in funds between them. But they've already repaid $146 billion of that, and Freddie has signaled that it may make another payment of as much as $25 billion later this year.
In addition, both companies are now profitable once again thanks to the recovery in the housing market. Since all of Fannie's and Freddie's profits flow directly to Treasury, that should mean billions of dollars in additional payments.
Related: Are we ready for the next meltdown?
Other bailouts: $5 billion loss
This category includes a number of short-term programs that helped restart financial markets that froze up in the crisis. They gave money to asset managers to help them buy toxic mortgage securities from banks, hedge funds and other investors. Treasury made a $4 billion profit on those programs.
But it also spent $9 billion to assist struggling home owners, and that's one area where losses might continue to climb.
First Published: September 15, 2013: 9:01 AM ET

Is this the trickle down or the trickle up theory in action

 

[TexasBred]

Is this the trickle down or the trickle up theory in action

I see the word banks, loans, interest, assignment of stock and future dividends....what would you call it??