Report: Trump halted $181 billion in regulatory costs on first day in office

[The Nature Boy 7,659]

1 minute ago, KierenHby said:

Comes down to a dislike of either Dems or an African American prez. Got it!

I know right! anyone that did not agree with Obama is 

 

[KierenHby 899]

Nope. 

 

Just like anyone that does not agree with trump is SJW or unpatriotic. 

[smilesammich 10,727]

Just now, Nature Boy Flair said:

I know right! anyone that did not agree with Obama is 

 

you just said yourself your dislike of obama wasn't about his ideas. just that he was in power with those ideas. why middle-of-the-road-non-partisan nb? 

[The Nature Boy 7,659]

16 minutes ago, smilesammich said:

you just said yourself your dislike of obama wasn't about his ideas. just that he was in power with those ideas. why middle-of-the-road-non-partisan nb? 

I never said that 

[Voice of Reason 10,298]

2 hours ago, bcking said:

I think he meant that there "will be" millions without insurance, now currently. They plan on removing the penalty if they repeal the ACA (unless they keep the penalty like they want to keep other aspects).

 

While not holding insurance may be cheap for the consumer (even with the penalty), it's the government that ends up footing the bill when those people get sick and don't have insurance. A hospital will bill the person, but they won't be able to pay for it. The hospital will then sell that debt to someone else. The hospital loses out, so then they negotiate and end up trying to make more money off the people who do have insurance (mostly Medicaid/Medicare). The system ends up more expensive.

 

Maybe they can use the money saved to build the wall since the "Mexico paying" thing is still a joke. Though I'm wondering where the numbers are coming from. They say "181 billion" but then say "17 billion in annual costs". So are they just multiplying that by 10 years? If so, why stop there? Why not say this will save 1.8 trillion dollars over the next 100 years?

So if I don't have insurance, and the hospital bills me $50,000 and I can't pay it, they then sell that debt to a collector for pennies on the dollar (or just collect the debt for the hospital, charging them 20-50% of every dollar collected).  Either way, the hospital is going to be lucky to get $5-10K of said bill, right?

 

OTOH, I have insurance.  Get the bill for $50,000, but my insurance says they will only pay $5,000.  I pay nothing, cuz I am covered.  The hospital makes 10%.  So tell me, which way is better?

[Voice of Reason 10,298]

2 hours ago, smilesammich said:

ultimately taxpayers that end up footing the bill. and not faux taxpayers like trump. 

 

the whole thing is a bill ol' guesstimate, crafted to make trump look awesome.

 

 

 

You do realize he probably pays more in taxes in a year than you've made in the last year?  Perhaps even the past 5 years...

[smilesammich 10,727]

8 minutes ago, IDWAF said:

You do realize he probably pays more in taxes in a year than you've made in the last year?  Perhaps even the past 5 years...

oh wow yer in the know, did he finally release his taxes?

[bcking 3,157]

10 minutes ago, IDWAF said:

So if I don't have insurance, and the hospital bills me $50,000 and I can't pay it, they then sell that debt to a collector for pennies on the dollar (or just collect the debt for the hospital, charging them 20-50% of every dollar collected).  Either way, the hospital is going to be lucky to get $5-10K of said bill, right?

 

OTOH, I have insurance.  Get the bill for $50,000, but my insurance says they will only pay $5,000.  I pay nothing, cuz I am covered.  The hospital makes 10%.  So tell me, which way is better?

Unfortunately (fortunately? depends on your perspective) the numbers don't work out that way.

 

A 50,000 dollar hospital bill will be negotiated with insurance yes, but they will not be able to negotiate it down to 10% of the original bill. The hospital will make more money from patients carrying insurance. It's why emergency rooms tend to lose money and fancy non-emergency hospitals pop up all over the country where they only accept private insurance (fancy cardiovascular hospitals for example). The hospital will lose money on every patient that has no insurance. So eventually they will look at their numbers and think 'Woah we need to make up this deficit, so lets charge the insurance carriers more". They will then ask for more from insurance. While insurance can negotitiate, since the starting price is higher insurance will end up paying more. They will deal with that by raising their premiums for their customers.

 

 

[bcking 3,157]

13 minutes ago, IDWAF said:

You do realize he probably pays more in taxes in a year than you've made in the last year?  Perhaps even the past 5 years...

taxes like sales taxes sure, since he spends more than us.

 

Federal/State income tax? We have no idea. It's possible he's paid nothing since he "lost" however many billion a few years ago. I forget the details.

[smilesammich 10,727]

Just now, bcking said:

taxes like sales taxes sure, since he spends more than us.

 

 

i'm sure he doesn't go around paying sales tax for all his big ticket items either.  not anything that can be shuffled/written off as expense.

[Voice of Reason 10,298]

4 hours ago, bcking said:

Unfortunately (fortunately? depends on your perspective) the numbers don't work out that way.

 

A 50,000 dollar hospital bill will be negotiated with insurance yes, but they will not be able to negotiate it down to 10% of the original bill. The hospital will make more money from patients carrying insurance. It's why emergency rooms tend to lose money and fancy non-emergency hospitals pop up all over the country where they only accept private insurance (fancy cardiovascular hospitals for example). The hospital will lose money on every patient that has no insurance. So eventually they will look at their numbers and think 'Woah we need to make up this deficit, so lets charge the insurance carriers more". They will then ask for more from insurance. While insurance can negotitiate, since the starting price is higher insurance will end up paying more. They will deal with that by raising their premiums for their customers.

 

 

Well, you are absolutely wrong on this one, Doc2Be.  Last year, I had a bill for $50K from the hospital.  Got a notice from them that insurance refused to pay, and it was my responsibility.  Got on the phone with the insurance as soon as the letter arrived, only to find out that it had already been paid.  Asked for an itemized breakdown of the bill and payments.... turns out insurance paid about $5100 of that $50K bill, and that was the end of that.

[Voice of Reason 10,298]

4 hours ago, smilesammich said:

oh wow yer in the know, did he finally release his taxes?

Nope, I have a good understanding of how the US tax system works.  People who make more have more write-offs, but still pay more.  And a person who truly does not pay taxes is not given a pass by the IRS.  Compare Al Shaprton to Donald Trump.  Surely you can see the difference?

[Voice of Reason 10,298]

4 hours ago, smilesammich said:

i'm sure he doesn't go around paying sales tax for all his big ticket items either.  not anything that can be shuffled/written off as expense.

Business expenses are not exempt from sales tax.  Have you ever filed your own tax return?

[smilesammich 10,727]

1 minute ago, IDWAF said:

Business expenses are not exempt from sales tax.  Have you ever filed your own tax return?

i never said they were. 

yes.

[smilesammich 10,727]

5 minutes ago, IDWAF said:

Nope, I have a good understanding of how the US tax system works.  People who make more have more write-offs, but still pay more.  And a person who truly does not pay taxes is not given a pass by the IRS.  Compare Al Shaprton to Donald Trump.  Surely you can see the difference?

depends on how you define 'pay more'. and i didn't say dt has been 'given a pass' by the irs.