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2016 Postmortem
Related: About this forumFour Reasons Why The Court’s Decision To Uphold Obamacare Is Good News For The Economy
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Health care reform isnt important just because it expands access to quality, affordable care, but also because rapidly rising costs and the fact that 30 million Americans dont have insurance are weighing down the American economy. Here are four reasons why the Courts decision is good news for the still-struggling economy:
1) Obamacare will reduce the deficit. The Congressional Budget Office estimated in 2011 that Obamacare will reduce the federal deficit by $210 billion over the next decade. The law is expected to save about $1 trillion over its second decade, according to other CBO analyses. The CBO found that repealing the law, as Republicans attempted to do in 2011, would increase the deficit by $230 billion over the next 10 years.
2) Health care costs for young Americans wont skyrocket. More than 3.1 million young Americans have insurance thanks to Obamacare. Without the law, the cost of acquiring an equivalent health care plan would have risen dramatically at a time when young people are still struggling with the effects of the Great Recession.
3) Millions of jobs will be created. Health reform will help create roughly 4 million jobs over the next decade, according to a 2010 Center for American Progress report, by reducing the cost of health care and making it cheaper for businesses to hire. The law will create between 250,000 and 400,000 jobs a year, and they will be spread across sectors: according to the study, the law will help create more than 200,000 manufacturing and 900,000 in the service sector by 2016.
4) It will be cheaper for employers to provide health care. American businesses are under tremendous pressure thanks to rising health care costs, and these costs are often passed on to customers (one study estimates that each car sold by General Motors contains $1,200 in built-in health costs). The ACA, however, will make it cheaper for businesses to provide care, and not just by reducing the cost of care. Small businesses are already receiving tax credits contained in the law to help insure their employees, and it has already offered more than $4.7 billion in reinsurance payments to companies that are providing health care to retirees who arent yet eligible for Medicare.
-- snip --
Full article here: http://thinkprogress.org/economy/2012/06/28/505510/four-reasons-why-the-courts-decision-to-uphold-obamacare-is-good-news-for-the-economy/
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Four Reasons Why The Court’s Decision To Uphold Obamacare Is Good News For The Economy (Original Post)
Tx4obama
Jun 2012
OP
rurallib
(62,448 posts)1. 5) people may leave teir jobs to start businesses
without fear of losing health care.
Life Long Dem
(8,582 posts)2. Here is more about 3
http://it-jobs.fins.com/Articles/SBB0001424052702304058404577494530999215186/Jobs-in-Health-Care-to-Expand-with-Court-Ruling
Jobs in Health Care to Expand with Court Ruling
The U.S. Supreme Court's decision upholding "Obamacare" will have major implications for patients, insurers and hospitals. It will also determine the future of jobs in the health-care industry.
Upholding the federal health-care law, formally called the Patient Protection and Affordable Care Act (PPACA), as well as the mandate that everyone buy insurance could bring as many as 30 million new customers into the industry, causing significant uptick in both use and spending, said Linda J. Blumberg, senior fellow at The Urban Institute Health Policy Center.
More money will flow to "pharmaceutical companies, doctors, hospitals, the people they employ, and even insurers," said Joseph White, Luxenberg Family Professor of Public Policy and chair of the Department of Political Science at Case Western Reserve University.
Job growth will likely be strongest in the primary care and home care fields, said Joanne Spetz, a professor at the Institute for Health Policy Studies at the University of California, San Francisco. The demand for health-care workers like dietitians, social workers and hospital administrators will also increase.
http://it-jobs.fins.com/Articles/SBB0001424052702304058404577494530999215186/Jobs-in-Health-Care-to-Expand-with-Court-Ruling
Jobs in Health Care to Expand with Court Ruling
The U.S. Supreme Court's decision upholding "Obamacare" will have major implications for patients, insurers and hospitals. It will also determine the future of jobs in the health-care industry.
Upholding the federal health-care law, formally called the Patient Protection and Affordable Care Act (PPACA), as well as the mandate that everyone buy insurance could bring as many as 30 million new customers into the industry, causing significant uptick in both use and spending, said Linda J. Blumberg, senior fellow at The Urban Institute Health Policy Center.
More money will flow to "pharmaceutical companies, doctors, hospitals, the people they employ, and even insurers," said Joseph White, Luxenberg Family Professor of Public Policy and chair of the Department of Political Science at Case Western Reserve University.
Job growth will likely be strongest in the primary care and home care fields, said Joanne Spetz, a professor at the Institute for Health Policy Studies at the University of California, San Francisco. The demand for health-care workers like dietitians, social workers and hospital administrators will also increase.
http://it-jobs.fins.com/Articles/SBB0001424052702304058404577494530999215186/Jobs-in-Health-Care-to-Expand-with-Court-Ruling
lovemydog
(11,833 posts)3. jobs!
yay!
Festivito
(13,452 posts)4. NPR LSC told me Stocks went up due to European agreements.
Funny, ACA was touted as some big deal and, I guess, nothing happened because of it. Big deal?
LSC Lying Sack of Crap.