Families USA Has Trouble with Math

There is more evidence that our education system is failing to teach math proficiency. Families USA, the liberal advocacy claims that 95 percent of U.S. households will be better off under ObamaCare. Only the rich would suffer net losses due to the new health care law. But: how can a mere six million households; paying an additional $4,487 in taxes be sufficient to fund the average $1,571 benefit for the remaining 126 million households? The net benefits identified by Families USA obviously have to come from somewhere. Clearly the group is ignoring the burden of taxes on the health insurance people buy, the medical devices they use, the companies they work for, the drugs they take and the goods and services they must pay for.

Comments (8)

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  1. Jonathan says:

    Which of course can not theoretically reach 5%? Provide something to back up your argument, otherwise you appear to be ignoring facts and basing ideas off of your amazing intuition of the market.

  2. Brian says:

    Jonathan, that’s how economics works. The nation can’t afford ObamaCare.

  3. Jonathan says:

    Really as a current PhD student in a similar field who took lets say like 3/4 economics courses, thats not mentioned once…

    Oh wait we did mention ACA but in an impartial context, and this came from an individual who received their PhD from U Chicago and likes to call himself a “markets guy”.

    Look I’m not trying to cause problems of who knows more, I just like facts and not theory. I’ve taken microtheory and it doesn’t relate so well to the world we live in.

  4. Celine says:

    The math definitely doesn’t add up.

  5. Devon Herrick says:

    An accurate analysis of net benefits from the Affordable Care Act would require identifying the tax incidence of families by income as well as predicting who would seek health coverage in the yet-to-be created Health Insurance Exchanges. Lower income families will experience net benefits because of the redistribution of income under the ACA. Sick people who seek care outside of work would benefit due to the cross-subsidies from healthy to sick. Higher income households would be net losers (as Commonwealth indicates) due to higher tax burdens. However, the biggest losers undoubtedly will be future generations of taxpayers — both rich and poor — who have to bear the burden of decades of deficit spending, accelerated medical inflation and slower economic growth. I doubt if Commonwealth included that calculation in its analysis.

  6. Brian Williams. says:

    According to Families USA, only 95% will be better off. Why aim so low?

    What happened to demanding that the richest 1% take care of the 99% of the rest of us?

  7. John R. Graham says:

    @Brian Williams: Right on! Down with the 4 percent (5 percent minus one percent)!

    Families USA did nothing beyond elementary-school arithmetic. It ignored: Reduced access to medical care, reduced medical innovation, increased unemployment, and wage stagnation.

    The people understand the stateks better. That’s why over half have consistently supported repeal.

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