Thu, Sep 18, 2014, 7:35 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Oracle Corporation Message Board

  • hardwaregurufromtheheartland hardwaregurufromtheheartland Nov 18, 2012 3:11 PM Flag

    typical loser sad sack gop lie about congress being exempt from Obamacare

    from Forbes:

    It’s a great story – but it certainly is not the true story.

    Indeed, you may be surprised to learn that once the lion’s share of the ACA kicks in on January 1, 2014, not only are Members of Congress and their staff obligated to play by the same rules as the rest of us, they will actually be required to follow a more restrictive path to their health insurance than you and I.

    This line of bull was peddled to an even larger audience by Sean Hannity, a man who never met a fact that he wasn’t willing to ignore while making up a new one to better suit his purpose. During Hannity’s Fox News program of March 24, 2010, Hannity stated, without reservation, that that Members of Congress and their staff were exempt from the requirements of the Affordable Care Act.

    So, here’s the real deal –As things currently stand, Members of Congress and their staff, until 2014, will continue to participate in the Federal Employees Health Benefits Program (FEHBP). This program, considered among the best in the nation, allows federal employees- including Members of Congress and their staff- to choose from a wide range of health plans and select the one that best suits their needs. Note that the current plan is neither ‘government’ insurance, ‘free’ insurance nor any other sort of sweet deal that the public has been led to believe is the case. The federal employee’s program involves private insurance policies with premiums, deductibles, co-pays, etc.

    Here’s the surprise – come 2014, when the lion’s share of the ACA provisions come on line, Members of Congress and their staff will be required to buy their health insurance on an exchange. In fact, their choices will be even more limited than our own. While it is expected that some 24 million people will elect to purchase their health care policy on a state run exchange, we are not required by law to do so. Members of Congress and their staff, however, must buy their insurance in this way

    Rick Ungar

    Forbes

 
ORCL
41.55+0.41(+1.00%)Sep 18 4:04 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.