Monday, October 21, 2013

This Is What Fact-Checking Ted Cruz Reveals | Wall St. Cheat Sheet

http://wallstcheatsheet.com/stocks/this-is-what-fact-checking-ted-cruz-reveals.html/4/

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. However, the bigger problem may be that his numerous public tirades against the law employed some dubious facts.
“Well, if you don’t believe ObamaCare is the biggest job killer in the country, look to the facts. This year report after report has rolled in about employers restricting work hours to less than 30 hours per week — the point where the mandate kicks in. The data also points to record-low workweeks in low-wage industries.
Cruz does highlight some important points — the rollout of Obamacare is not progressing smoothly. Some Americans who have enrolled in the health care law’s online marketplaces have seen their health insurance premiums skyrocket, while others were unable to keep their current health insurance plan as President Barack Obama had promised. But the issue is that the Senator continually describes these problems in hyperbolic terms, making it necessary to analyze his claims that “millions of Americans are hurting” and Obamacare is “the biggest job killer in the country” in order to make sense of his assessment. Just as Cruz suggested in his speech on the Senate floor, it is time to look at the facts.
we know the republicans have a problem with math, truths and empathy for fellow Americans.

1. “Millions of people are hurting because of Obamacare”

First, it is important to remember that less than three weeks of the six month enrollment period for the online marketplaces have elapsed, and while anecdotal information has trickled in about increasing premiums, a full scale assessment of how the health care reform has changed the individual market is months, if not years, away. In the absence of that full scale assessment, projections made by the Congressional BudgetOffice will have to suffice.
In May 2003, the nonpartisan federal agency calculated that by 2018, at which time the law will be fully implemented, about 7 million people will be dropped from their employer health plans, 5 million people will shift out of private plans, and 24 million people will join the insurance exchanges.
In terms of percentages, those numbers work out to coverage changes for 4 percent of all individuals with employer-based insurance and 19 percent of all individuals with private insurance. Comparatively, the CBO estimates that the number of Americans without coverage will fall by 25 million, a decrease of more than 45 percent. For reference, the population of the United States stands at 315 million.
The fact that more Americans will be helped by the implementation of the Affordable Care Act is an important detail for any argument, even if it is ultimately found that the law was poorly designed and implemented, especially because a majority of those who receive insurance from their employers will likely see little change in their coverage. 
The specific example cited by Cruz — the “15,000 UPS employees got a notification in the mail that they were losing spousal coverage” — left out an important detail as well. According to the company memorandum, the policy change will only affect spouses who are eligible for insurance provided by their own employers.

2. Obamacare is “the biggest job killer in the country”

Again, there is not enough data to argue for or against that statement. Cruz’s argument is that the employer mandate, the Obamacare provision that requires businesses with 50 or more full-time employees to provide those workers with a minimum level of health insurance coverage or face tax penalties, will cause employers to shift employees’ schedules so that they will no longer be considered full time or layoff workers entirely. There is also the concern that employers will choose to hire more part-time workers rather than full-time workers.
While there is evidence to support that claim that the Affordable Care will modestly affect employment in the United States, the claim that the reform is a “job killer” is overblown. It is true that a few nonpartisan economic analyses have estimated that a small number of primarily low-wage positions will be cut as employers prepare for the additional labor costs that Obamacare’s employer mandate will add to business’balance sheets. But economists expect the impact will be minimal.
half truths and overly embellished threats are designed to turn you away from ACA if you fall for the misinformation and do not act you are essentially denying millions of Americans and yourself affordable care. they talk of rising cost isn't that one of the main reason for ACA for years we have cried about insurance gouging us if ACA is not embraced do you really think that your cost won't skyrocket possibly more than with ACA,
this is what the republicans want the status quo the same one that has bilked us since it's inception, they want you to believe if you go with ObamaCares it'll be like from the frying pan to the fire, but it won't and it will give you so much more for your money than insurance co.'s will and no where near the DMV of waiting for compensation or approval, republicans are not for "we the people" if they were they would not keep trying to kill this with insane attempts after attempts ask yourself if the suppress and block everything else why should you believe that this time it's different?