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The True Cost of The ACA?


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by Ken Vincent, Featured Contributor

IT SEEMS that there is general agreement that the true cost to US taxpayers of the ACA is impossible to nail down. That is for a lot of reasons, among them are: It is unclear exactly how many people have bought insurance under the plan; It is unclear how many small companies will provide insurance vs. pay the penalty/tax; It is aca 2aca 2unclear how many are getting subsidies, or will be allowed to get subsidies; and it is unclear how many illegal aliens are in the program and whether or not they will be aca 2identified and flushed out.

In any case, the Congressional Budget Office (CBO) estimates the minimal cost will be $36 billion in 2014, and $1.4 trillion in each of the years from 2015-2024.

While we can all agree on the theory that all citizens should have access to affordable health care, I have to wonder if we can all agree on where it becomes unaffordable.

As a side note, in a recent test where 12 applications with phony SS numbers were used, 11 of them were approved. In a similar test using 6 illegal aliens names and no SS numbers, all 6 were approved, with one later declined due to not being able to verify earnings.

It is pretty clear that there are major flaws in the law. So, what should be done? Should we try to patch it together, or trash it and start over? Is the ideal of all citizens having affordable health insurance and care even achievable?

What do you think?


Ken Vincent
Ken Vincenthttp://sbpra.com/KennethVincent/
KEN is a 46 year veteran hotelier and entrepreneur. Formerly owned two hotels, an advertising agency, a wholesale tour company, a POS company, a leasing company, and a hotel management company. The hotels included chain owned, franchises, and independents. They ranged in type from small luxury inns, to limited service properties, to large convention hotels and resorts. After retiring he authored a book, “So Many Hotels, So Little Time” in which he relates what life is like behind the scenes for a hotel manager. Ken operated more that 100 hotels and resorts in the US and Caribbean and formed eight companies. He is a firm believer that senior management should share their knowledge and experience with the next generation of management.

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