Ed Morrissey over at Hot Air lays out the stunning stupidity of passing any form of major legislation without understanding the consequences of the bill. Not that Congress undertook any effort to study the long term consequences of ObamaCare because they didn't even read the bill.
Congress passed the bill without knowing what was in it. Barack Obama signed it without reading it. Now it looks as though the Associated Press reported on ObamaCare without comprehending its content. Readers will have to scroll far down to discover that the elimination of a key tax break that kept retirees on company prescription-medication plans will mean dumping millions of seniors onto Medicare -- and that the AP ignored it until now...Over the past year, I've repeatedly warned about the dangers of static tax analysis. That process considers changes in tax policy without considering its impact on behavior. The closure of this "loophole," as Robert Gibbs called it yesterday, is a perfect example of this stunted thinking.
The Democrats in Congress argued that they would gain $5.4 billion in revenue by eliminating the tax break enacted in the 2003 Medicare Part D program as an incentive for businesses to keep their retirees out of the Medicare system. Instead, they have given businesses a reason to dump their retirees out of the private networks and into the Part D system now. Not only will the expected tax revenues never appear, but now we will have to spend a lot more money covering those prescriptions out of public funds. The seniors in these programs will suffer most of all, as the Part D coverage is vastly inferior to the private plans offered by businesses in the private sector.
Also today, ATT announced that ObamaCare will result in unexpected losses to the company exceeding one billion dollars. But if misery loves company, ATT has it:
Industrial companies with employer-based retiree benefits are likely to post similar cost increases, including aerospace giant Boeing Co., insurer MetLife Inc. and truck-maker Navistar International Corp."Deere and Caterpillar are bellwether companies and it's hard to believe that they are unique," said Longbow Research analyst Eli Lustgarten. "We expect that most companies will have to adjust to the new regulations."
I don't remember the widespread debate last weekend about these corporate losses or the policy failure that resulted in retirees receiving inferior health care at tax payer's expense at a time when corporations willingly shouldered the cost for superior care. Oh, that's right, we didn't have time to read the bill. But now that we are a week past the ObamaCare vote you can watch this from CBS and determine who was right and who was wrong. I like the part where Speaker Pelosi says this:
The bill, she said, would lead to "healthier lives, more liberty to pursue hopes and dreams and happiness."
I guess that statement is no longer operative but remember, we've had just one week to decipher this monstrosity.



Comments (43)
No worries, employment is r... (Below threshold)1. Posted by Maddox | March 26, 2010 6:55 PM | Score: 13 (15 votes cast)
No worries, employment is rising.
Yeah right!
What else could go wrong with such a brilliant group of leaders?
1. Posted by Maddox | March 26, 2010 6:55 PM |
Score: 13 (15 votes cast)
Posted on March 26, 2010 18:55
2. Posted by Gmac | March 26, 2010 7:18 PM | Score: 13 (13 votes cast)
Well, now they've stepped in it, haven't they.
They just screwed over another major voting block that isn't going to welcome the news that they've just be robbed of a lifetime investment because of a Democrat change in the tax law.
I really can't wait to see the election night coverage as the Democrat Party becomes a minority for generations, all by their own hand.
2. Posted by Gmac | March 26, 2010 7:18 PM |
Score: 13 (13 votes cast)
Posted on March 26, 2010 19:18
3. Posted by jim m | March 26, 2010 7:18 PM | Score: 12 (12 votes cast)
What? I suppose you are suggesting that someone should have read the bill before they voted on it. You're a racist!
The early reports are now coming out and they are beyond our worst fears. People are not going to lose their insurance in 4 years. They are going to lose it this year. The silver lining if there is any is that this will keep the pressure on to repeal this mess.
And as for the economy turning around, Florida just reported unemployment at 12.2% the highest rate ever recorded.
Obama has taken a failing economy and delivered a death blow. My take is that he wanted to do just that. Like he and his minions have frequently said: "Never let a good crisis go to waste." And there is nothing like creating a crisis in order to justify subjugating 300 million people to your will.
3. Posted by jim m | March 26, 2010 7:18 PM |
Score: 12 (12 votes cast)
Posted on March 26, 2010 19:18
4. Posted by Marc | March 26, 2010 7:19 PM | Score: 12 (16 votes cast)
HughS - You left out an important part of the AT&T story:
How many times in the last 14 months have we heard these exact words or something VERY similar from obama or his lackys?I'm not much for conspiracy theories but... unintended consequences my aching ass!OH, did anyone notice the CBO revised their predicts for the 2011 obama budget?
They were "only off" by a bit under 2 billion and now they project by 2020 we will be 10 trillion dollars in the hole and that will be 90% of the countries GDP.
Greece just got a "bailout" as they sit with a debt of 115% of their GDP.
Gee, I wonder what California's debt to the states GDP ratio is?
4. Posted by Marc | March 26, 2010 7:19 PM |
Score: 12 (16 votes cast)
Posted on March 26, 2010 19:19
5. Posted by HughS | March 26, 2010 7:32 PM | Score: 7 (7 votes cast)
Marc
"First of all, if you've got health insurance, you like your doctors, you like your plan, you can keep your doctor, you can keep your plan. Nobody is talking about taking that away from you."
Thanks for the reminder
5. Posted by HughS | March 26, 2010 7:32 PM |
Score: 7 (7 votes cast)
Posted on March 26, 2010 19:32
6. Posted by GarandFan | March 26, 2010 7:36 PM | Score: 13 (13 votes cast)
I'm sure that 'the smartest Administration, evah!' will have solutions.
HEY! Single Payer! Yeah, that'll work!
Next for the "Commerce Clause" will be: Doctors SHALL work for what we are willing to pay. Pharmacies SHALL fill prescriptions for what we are willing to pay. Citizens SHALL purchase GM or Chrysler products. After all, it's for "the public good".
6. Posted by GarandFan | March 26, 2010 7:36 PM |
Score: 13 (13 votes cast)
Posted on March 26, 2010 19:36
7. Posted by Tsar Nicholas II | March 26, 2010 7:38 PM | Score: 10 (10 votes cast)
Well, it's a monumental blunder to have Democrats in control of the federal government, so it's only natural there would be monumental blunders in the laws they enact.
7. Posted by Tsar Nicholas II | March 26, 2010 7:38 PM |
Score: 10 (10 votes cast)
Posted on March 26, 2010 19:38
8. Posted by jim m | March 26, 2010 7:39 PM | Score: 11 (11 votes cast)
The answer to failed socialism is always more socialism.
The answer to vocal dissent is threats, violence and ultimately making it illegal.
8. Posted by jim m | March 26, 2010 7:39 PM |
Score: 11 (11 votes cast)
Posted on March 26, 2010 19:39
9. Posted by glenn | March 26, 2010 7:42 PM | Score: 8 (8 votes cast)
Anybody who thinks this is an accident please raise your hand.
9. Posted by glenn | March 26, 2010 7:42 PM |
Score: 8 (8 votes cast)
Posted on March 26, 2010 19:42
10. Posted by kathie | March 26, 2010 7:46 PM | Score: 11 (11 votes cast)
The numbers that I've read are the Government won't get the $5.4 billion and drug benefits cost companies $600 a person but will cost Medicare a $1000 a person. The policy guys, of the Bush administration, worked very hard on this calculation to keep their drug bill costs down while giving each retire the maximum benefits. Obama blew it. This little miscalculation probably puts the new bill over the trillion dollar mark and it isn't even a week old yet.
10. Posted by kathie | March 26, 2010 7:46 PM |
Score: 11 (11 votes cast)
Posted on March 26, 2010 19:46
11. Posted by glenn | March 26, 2010 7:52 PM | Score: 13 (13 votes cast)
The goal here just in case some of you don't understand is to destroy all the private health insurance plans except for the ones the Gov't guys enjoy. Next step will be to "criticize" the loss of benefits and demand "justice" for the retirees who lost their benefits. The taxsuckers are going to have single payer so they can kill of the old folks one way or another.
11. Posted by glenn | March 26, 2010 7:52 PM |
Score: 13 (13 votes cast)
Posted on March 26, 2010 19:52
12. Posted by jim m | March 26, 2010 7:53 PM | Score: 10 (10 votes cast)
Sorry I couldn't raise my hand I was too busy pouring myself a drink to deal with this crap.
Seriously, My take is that Obama will look at this and say, "It's not a bug. It's a feature!" This provides him with 2 new narratives: 1) greedy corporations are shirking their obligations and dumping patients on the government. and 2) If the GOP had cooperated in drafting the legislation, the bill would have avoided this pitfall so we must now focus all the energy on amending the bill to give it greater funding and make it work even better.
Remember every failure of the government healthcare plan is just another opportunity to expand it and demand more money from tax payers. So not only was there no need to get this right there was no desire to.
12. Posted by jim m | March 26, 2010 7:53 PM |
Score: 10 (10 votes cast)
Posted on March 26, 2010 19:53
13. Posted by steve sturm | March 26, 2010 7:59 PM | Score: -21 (23 votes cast)
I'd like to add 'the stunning stupidity' of the GOP for not poring over the bill and highlighting one of these issues every day of every week. It's as if, as was said, that the GOP felt they won when Brown was elected, that they rested their case.
13. Posted by steve sturm | March 26, 2010 7:59 PM |
Score: -21 (23 votes cast)
Posted on March 26, 2010 19:59
14. Posted by kathie | March 26, 2010 8:14 PM | Score: 13 (13 votes cast)
Steve you are wrong, many business people and congressional people brought it to the attention of Obama and well as congressional leadership. They couldn't be bothered, well really who wrote the bill?
14. Posted by kathie | March 26, 2010 8:14 PM |
Score: 13 (13 votes cast)
Posted on March 26, 2010 20:14
15. Posted by jim m | March 26, 2010 8:14 PM | Score: 15 (15 votes cast)
Steve,
Are you really that dumb?
The GOP did bring up many issues and the fact that employers would dump their plans was one that got mentioned very early on. For some reason useful idiots like yourself managed not to hear objections when the GOP raised them. You can't have it both ways. You can't refuse to listen and them blame the opposition for not making you hear their objections.
Again, you need remedial education on how the US government works. Scott Brown was elected to the Senate. His election meant that the dems would not be able to draft a compromise between the House and Senate bills. The dems were forced to pass the Senate bill as the Senate passed it. That's why all the payoffs for Stupak and his friends. They objected to the language of the Senate bill.
Note also that even with 34 dems voting against the bill and every GOP rep voting against it it still passed. The dems never needed the GOP and the GOP could never stop the dems from passing it on a party line vote.
Why is it that dem supporters are so stupid that they cannot tell the difference between the House and Senate and they cannot see that the dems hold majorities large enough that they do not need a republican to vote for their bills?
15. Posted by jim m | March 26, 2010 8:14 PM |
Score: 15 (15 votes cast)
Posted on March 26, 2010 20:14
16. Posted by Anon Y. Mous | March 26, 2010 8:20 PM | Score: 9 (9 votes cast)
Since what these guys really want is single payer, I wouldn't be so sure that this is unforeseen. The more people they get off of private plans and onto public ones, the closer they get to their overall goal.
16. Posted by Anon Y. Mous | March 26, 2010 8:20 PM |
Score: 9 (9 votes cast)
Posted on March 26, 2010 20:20
17. Posted by 914 | March 26, 2010 8:24 PM | Score: 9 (9 votes cast)
There are blunders abounding in Barrys tapioca flavored unicorn dream? Who'd thunk it possible that the affirmative action hero would have screwed us every which way but loose?
I must have missed those slight trillion dollar oversights during the scintillating C-span coverage?
17. Posted by 914 | March 26, 2010 8:24 PM |
Score: 9 (9 votes cast)
Posted on March 26, 2010 20:24
18. Posted by jim m | March 26, 2010 8:38 PM | Score: 9 (9 votes cast)
914 -
Hey, with Obama a few Trillion dollars is just a rounding error.
18. Posted by jim m | March 26, 2010 8:38 PM |
Score: 9 (9 votes cast)
Posted on March 26, 2010 20:38
19. Posted by 914 | March 26, 2010 8:45 PM | Score: 9 (9 votes cast)
Thats all too true jim m.. 6 Trillion here, triscuit there, what the hell does he care? He gets to ride off into the sunset a multi- millionaire and leave us all holding the bag.
Barry gets an A+ in Con-Man 101
19. Posted by 914 | March 26, 2010 8:45 PM |
Score: 9 (9 votes cast)
Posted on March 26, 2010 20:45
20. Posted by shorty | March 26, 2010 9:18 PM | Score: 9 (9 votes cast)
Rest assured, this bill establishes an entire infrastructure with with to deliver Universal Healthcare. Every time I read a few pages I have visions of an Orwellian "Ministry of Health".
20. Posted by shorty | March 26, 2010 9:18 PM |
Score: 9 (9 votes cast)
Posted on March 26, 2010 21:18
21. Posted by shorty | March 26, 2010 9:20 PM | Score: 3 (3 votes cast)
Oops, the above should read "with which". How embarassing to typo my first time here.
21. Posted by shorty | March 26, 2010 9:20 PM |
Score: 3 (3 votes cast)
Posted on March 26, 2010 21:20
22. Posted by apb | March 26, 2010 9:39 PM | Score: 7 (7 votes cast)
jim m
Yes - sturm really IS that dumb.
22. Posted by apb | March 26, 2010 9:39 PM |
Score: 7 (7 votes cast)
Posted on March 26, 2010 21:39
23. Posted by davidt | March 26, 2010 9:56 PM | Score: 4 (4 votes cast)
You can put lipstick on a pig in a poke, but it's still a pig in a poke.
23. Posted by davidt | March 26, 2010 9:56 PM |
Score: 4 (4 votes cast)
Posted on March 26, 2010 21:56
24. Posted by RicardoVerde | March 26, 2010 10:29 PM | Score: 8 (8 votes cast)
One thing I noticed about Obama very early in his campaign was his very specific wording of some phrases. "You can keep your coverage..." leaves out the most important part: "...if it is still offered." Obama never said the second part, but it was always there. As the fellow on the video said (paraphrasing) single payer is built into the bill. The point was to be able to say government wasn't going to take your plan, knowing full well that most employers would dump the cost by dumping their employees.
24. Posted by RicardoVerde | March 26, 2010 10:29 PM |
Score: 8 (8 votes cast)
Posted on March 26, 2010 22:29
25. Posted by Adrian Browne | March 27, 2010 12:37 AM | Score: -19 (23 votes cast)
★ McCain '08! ★ !80'niaCcM ★ McCain '08! ★ !80'niaCcM ★
Too bad McCain didn't run on being Mr. Anti-Healthcare Reform.
Obama and Clinton both had detailed plans about Healthcare Reform, talked about it for at least a year before the election, and were mostly in agreement about it. If both Dems were talking about enacting Healthcare Reform you have to wonder why the Republicans didn't bring it up.
I wonder if their polling told them that wouldn't be a good idea.
★ McCain '08! ★ !80'niaCcM ★ McCain '08! ★ !80'niaCcM ★
25. Posted by Adrian Browne | March 27, 2010 12:37 AM |
Score: -19 (23 votes cast)
Posted on March 27, 2010 00:37
26. Posted by Corky Boyd | March 27, 2010 12:38 AM | Score: 10 (10 votes cast)
AT&T's billion dollar write off means $350 million less in the coffers of the US Trerasury based on the current corporate tax rate of 35%.
While Obama is probably pleased to see evil profits decline, the consequence is there is less money to tax, which Obama doesn't like.
But wait there is more! The VAT isn't far behind.
26. Posted by Corky Boyd | March 27, 2010 12:38 AM |
Score: 10 (10 votes cast)
Posted on March 27, 2010 00:38
27. Posted by 914 | March 27, 2010 12:51 AM | Score: 5 (5 votes cast)
"While Obama is probably pleased to see evil profits decline, the consequence is there is less money to tax, which Obama doesn't like."
Siezer is always open to new venues to tax! So while he may feign disappointment in shortfalls in gubermint reciepts this week, next weeks progressive siezures are already in the works. Take nuke reduction for instance? He is attempting to sieze it and you can be damn sure whatever Siezer takes, Siezer extracts his pound of ear flesh for.
27. Posted by 914 | March 27, 2010 12:51 AM |
Score: 5 (5 votes cast)
Posted on March 27, 2010 00:51
28. Posted by 914 | March 27, 2010 1:03 AM | Score: 5 (5 votes cast)
And if all else fails Barry can always just print more money and have our great, great, great grandkids start paying down the principle in about 2112
28. Posted by 914 | March 27, 2010 1:03 AM |
Score: 5 (5 votes cast)
Posted on March 27, 2010 01:03
29. Posted by GarandFan | March 27, 2010 1:41 AM | Score: 5 (5 votes cast)
"Obama and Clinton both had detailed plans about Healthcare Reform,"
PROVE IT!
29. Posted by GarandFan | March 27, 2010 1:41 AM |
Score: 5 (5 votes cast)
Posted on March 27, 2010 01:41
30. Posted by Jim Addison | March 27, 2010 5:27 AM | Score: 5 (9 votes cast)
The bond market is about to give Obama the education in basic economics he's been lacking. Already bond rates for the strongest corporations have fallen below Treasuries - the traditional "risk-free" interest benchmark. And the government is going to have a pantload of debt to sell from now on under Obamanomics.
Those with short memories have forgotten Bill Clinton's ambitious first year, when his liberal plans so rattled Wall Street he was forced to shake up his economic team and bring in Rubin to calm the markets. That fall, James Carville declared he was going to dress up as the Bond Market for Halloween, "... because everyone is Washington is scared to death of the bond market!"
With good reason . . .
30. Posted by Jim Addison | March 27, 2010 5:27 AM |
Score: 5 (9 votes cast)
Posted on March 27, 2010 05:27
31. Posted by Marc | March 27, 2010 6:14 AM | Score: 10 (14 votes cast)
shorty - "Rest assured, this bill establishes an entire infrastructure with with to deliver Universal Healthcare."
Infrastructure? What infrastructure?
Do you mean all these new boards, commissions and various and sundry other nitwits that will manage this nightmare?
But hey, it "job creation" isn't it?BTW, any one know what "telemental health" is?
Did obama and congress talk to Dr. Spock or what?
31. Posted by Marc | March 27, 2010 6:14 AM |
Score: 10 (14 votes cast)
Posted on March 27, 2010 06:14
32. Posted by iwogisdead | March 27, 2010 7:20 AM | Score: 9 (9 votes cast)
Stunning--a major, costly flaw in this goofy legislation is exposed, and what do our resident lefists do? Blame the Republicans, of course. Amazing.
32. Posted by iwogisdead | March 27, 2010 7:20 AM |
Score: 9 (9 votes cast)
Posted on March 27, 2010 07:20
33. Posted by Cheney W. Halliburton | March 27, 2010 7:42 AM | Score: 9 (9 votes cast)
There's that smell of desperation in the morning again. Oh, hi Adrian.
33. Posted by Cheney W. Halliburton | March 27, 2010 7:42 AM |
Score: 9 (9 votes cast)
Posted on March 27, 2010 07:42
34. Posted by JLawson | March 27, 2010 8:14 AM | Score: 7 (7 votes cast)
I really wish he'd shower more often, Cheney. That smell's getting intense...
34. Posted by JLawson | March 27, 2010 8:14 AM |
Score: 7 (7 votes cast)
Posted on March 27, 2010 08:14
35. Posted by jim m | March 27, 2010 9:15 AM | Score: 6 (6 votes cast)
Don't worry. The bond market is softening and may even collapse. Obama is finding fewer and fewer people to purchase our debt. Soon he will be forced to choose between his dream of taking over the economy and actually having an economy.
I'm betting that he chooses to keep taking over everyone else's lives and decides to monetize our debt.
Here's a poll for you: With the administration saying that high unemployment is with us for a while, by this time next year which will be higher? Unemployment or Inflation?
35. Posted by jim m | March 27, 2010 9:15 AM |
Score: 6 (6 votes cast)
Posted on March 27, 2010 09:15
36. Posted by Don L | March 27, 2010 9:38 AM | Score: 4 (4 votes cast)
Gosh, "THE PLAN" moves thousands from the capitalist system paying to the socialist government system paying and you think it's because they didn't know what was in "THE PLAN?"
36. Posted by Don L | March 27, 2010 9:38 AM |
Score: 4 (4 votes cast)
Posted on March 27, 2010 09:38
37. Posted by Les Nessman | March 27, 2010 9:59 AM | Score: 4 (4 votes cast)
It's like every Friday night is yet another news dump of Obama blunders to be forgotten by Monday.
37. Posted by Les Nessman | March 27, 2010 9:59 AM |
Score: 4 (4 votes cast)
Posted on March 27, 2010 09:59
38. Posted by jim m | March 27, 2010 10:30 AM | Score: 5 (5 votes cast)
"I'd like to add 'the stunning stupidity' of the GOP for not poring over the bill and highlighting one of these issues every day of every week. "
I guess Steve missed this:
"It was in all of our letters and communications that went up to the Hill, and the companies were heavily involved in that," said Dena Battle, a tax specialist with the National Association of Manufacturers.
Nationwide, companies would take a $14 billion hit on their financial statements if all of the roughly 3,500 companies receiving the subsidies continued to do so, according to a study by Towers Watson, a human resources consulting firm. - AP
You see Steve, for the rest of the world there is more to the news than what the MSM decide is fit to let the unwashed masses know about. People have been fighting against the dems and their take over of the economy and the destruction of our freedoms. Just because you can't be spoon fed it on CNN doesn't mean that it isn't happening.
38. Posted by jim m | March 27, 2010 10:30 AM |
Score: 5 (5 votes cast)
Posted on March 27, 2010 10:30
39. Posted by arynix | March 27, 2010 10:57 AM | Score: 0 (0 votes cast)
It's not even 10 am... I guess it's 5 o'clock somewhere, so where's my adult beverage?!?!
39. Posted by arynix | March 27, 2010 10:57 AM |
Score: 0 (0 votes cast)
Posted on March 27, 2010 10:57
40. Posted by GarandFan | March 27, 2010 11:40 AM | Score: 5 (5 votes cast)
Look for Barry and company to dust off and bring out the VAT in coming months. After all, those sophisticated Europeans have had it for years. It's done wonders for their economies. Stagnating since the 1960's with perpetual 10% unemployment rates.
40. Posted by GarandFan | March 27, 2010 11:40 AM |
Score: 5 (5 votes cast)
Posted on March 27, 2010 11:40
41. Posted by OLDPUPPYMAX | March 27, 2010 4:51 PM | Score: 3 (3 votes cast)
Do you think this wasn't KNOWN, PREMEDITATED AND ABSOLUTELY DELIBERATE????? It means even more people under the thumb of Big Brother. That's what the whole damned LAW is about!!!
41. Posted by OLDPUPPYMAX | March 27, 2010 4:51 PM |
Score: 3 (3 votes cast)
Posted on March 27, 2010 16:51
42. Posted by GarandFan | March 27, 2010 6:05 PM | Score: 4 (4 votes cast)
This just in! Nancy Pelosi was right! They had to pass it in order to find out what's in it!
According to a report by Congress's Joint Committee on Taxation, the individual mandate in Obamacare lacks any real enforcement mechanism:
"The penalty applies to any period the individual does not maintain minimum essential coverage and is determined monthly. The penalty is assessed through the Code and accounted for as an additional amount of Federal tax owed. However, it is not subject to the enforcement provisions of subtitle F of the Code. The use of liens and seizures otherwise authorized for collection of taxes does not apply to the collection of this penalty. Non-compliance with the personal responsibility requirement to have health coverage is not subject to criminal or civil penalties under the Code and interest does not accrue for failure to pay such assessments in a timely manner."
Oooops!
42. Posted by GarandFan | March 27, 2010 6:05 PM |
Score: 4 (4 votes cast)
Posted on March 27, 2010 18:05
43. Posted by epador | March 27, 2010 6:59 PM | Score: 2 (2 votes cast)
These blunders and many more were pointed out long before it was voted on the last time. Now these hypotheticals are becoming the liberals' conundrum of actualities.
43. Posted by epador | March 27, 2010 6:59 PM |
Score: 2 (2 votes cast)
Posted on March 27, 2010 18:59