Political Forums  

Go Back   Political Forums > Economy

We appreciate your help

in keeping this site going.
Reply
 
Thread Tools Display Modes
  #1  
Old 05-02-2017, 10:32 PM
bobabode's Avatar
bobabode bobabode is offline
Admin
 
Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 37,188
ObamaCare and Bankruptcy




http://www.consumerreports.org/perso...al-bankruptcy/

Well, well. That's a good thing, right?
__________________
I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve.
- Mr. Underhill
Reply With Quote
  #2  
Old 05-02-2017, 10:45 PM
Chicks Chicks is offline
Senior Member
 
Join Date: Mar 2017
Posts: 13,284
Gosh, a law that actually helps millions of individual taxpayers. No wonder the republicans despise it!
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
Reply With Quote
  #3  
Old 05-03-2017, 07:43 AM
MrPots MrPots is offline
Senior Member
 
Join Date: Oct 2013
Posts: 3,554
Republicans despise anything that's good and decent.
__________________
It occurs to me that republicans seem to view black, Mexican, LGBT, Muslims and poor people in the same light as Nazi Germans once viewed Jewish people. We must be vigilant that it goes no further.
Reply With Quote
  #4  
Old 05-03-2017, 08:02 AM
whell's Avatar
whell whell is offline
Senior Member
 
Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
Correlation without causation. There was NOTHING in 2010, 2011, 2012, or 2013 that was going in with the ACA that would have been a driver for the reduction of bankruptcies. On the other hand, there was a modest economic recovery underway, which was far more likely to account for improving personal finances.

Nice try, though.
Reply With Quote
  #5  
Old 05-03-2017, 08:06 AM
Chicks Chicks is offline
Senior Member
 
Join Date: Mar 2017
Posts: 13,284
And you have no doubt done far more research on the subject than CR.
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
Reply With Quote
  #6  
Old 05-03-2017, 08:36 AM
bobabode's Avatar
bobabode bobabode is offline
Admin
 
Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 37,188
I guess that Consumer Reports is now "fake news", how convenient.
__________________
I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve.
- Mr. Underhill
Reply With Quote
  #7  
Old 05-03-2017, 09:15 AM
barbara's Avatar
barbara barbara is offline
Senior Member
 
Join Date: Jan 2012
Posts: 5,172
Thanks for the information, Bob.

Inadequate health care has been the cause of bankruptcy far too long.
Reply With Quote
  #8  
Old 05-03-2017, 09:20 AM
finnbow's Avatar
finnbow finnbow is offline
Reformed Know-Nothing
 
Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,857
Quote:
Originally Posted by whell View Post
Correlation without causation. There was NOTHING in 2010, 2011, 2012, or 2013 that was going in with the ACA that would have been a driver for the reduction of bankruptcies. On the other hand, there was a modest economic recovery underway, which was far more likely to account for improving personal finances.

Nice try, though.
Medical expenses are the biggest cause of personal bankruptcies in the US. Despite that fact, you believe that a program that helped provide ~20 million people with health insurance had no impact on personal bankruptcies? You Trumpsters are immune to fact and reason.
__________________
As long as the roots are not severed, all will be well in the garden.
Reply With Quote
  #9  
Old 05-03-2017, 10:05 AM
whell's Avatar
whell whell is offline
Senior Member
 
Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
Quote:
Originally Posted by finnbow View Post
Medical expenses are the biggest cause of personal bankruptcies in the US. Despite that fact, you believe that a program that helped provide ~20 million people with health insurance had no impact on personal bankruptcies? You Trumpsters are immune to fact and reason.
Yes. Its not that hard Finn. The shared responsibility provisions, the state's elective expansion of Medicaid, and eligibility for subsidized premiums via state and federal health insurance exchanges, didn't occur until 2014. As the graphic clearly shows, bankruptcy numbers were already declining by then. So, while there may be some correlation, the most likely causation is not limited to Obamacare.

So, what did happen around that time that likely had more of an impact? Doesn't take a genius to figure out. The "official" end of the recession was declared in 2009, and employment is lagging indicator of economic recovery. That would make 2011 the first likely year that a noticeable decline in bankruptcies would be recorded.

Last edited by whell; 05-03-2017 at 10:14 AM.
Reply With Quote
  #10  
Old 05-03-2017, 10:05 AM
whell's Avatar
whell whell is offline
Senior Member
 
Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
Quote:
Originally Posted by bobabode View Post
I guess that Consumer Reports is now "fake news", how convenient.
You said it. I didn't.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 10:20 AM.



Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.