Join Early Retirement Today
Closed Thread
 
Thread Tools Search this Thread Display Modes
The Moment of Truth
Old 03-24-2012, 11:09 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 7,891
The Moment of Truth

The moment of Truth defined as:
A critical or decisive time on which much depends; a crucial moment.


No, not talking about who stays or gets booted on "American Idol", but about Supreme Court debates the week of the 26th.
__________________

__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is offline  
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-24-2012, 11:19 AM   #2
Recycles dryer sheets
 
Join Date: May 2007
Posts: 213
It should be a most interesting week and could affect us all in many ways. Apparently there are three days of hearings, with the third afternoon involving Medicaid expansion.
__________________

__________________
52andout is offline  
Old 03-24-2012, 11:19 AM   #3
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,118
Let's start a pool.

I say Porky will show up on post 23.
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline  
Old 03-24-2012, 11:29 AM   #4
Thinks s/he gets paid by the post
Major Tom's Avatar
 
Join Date: Nov 2009
Location: SF East Bay
Posts: 3,129
Quote:
Originally Posted by REWahoo View Post
Let's start a pool.

I say Porky will show up on post 23.
Is this some kind of advanced mod technique that works by reverse psychology in order to actually try and prevent it from happening?
__________________
ER, for all intents and purposes. Part-time income <5% of annual expenditure.
Major Tom is offline  
Old 03-24-2012, 11:44 AM   #5
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,118
Quote:
Originally Posted by Major Tom View Post
Is this some kind of advanced mod technique that works by reverse psychology in order to actually try and prevent it from happening?
Only if I lose the pool.
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline  
Old 03-24-2012, 12:06 PM   #6
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,467
Quote:
Originally Posted by REWahoo View Post
Only if I lose the pool.
And that doesn't happen often..
__________________
MichaelB is online now  
Old 03-24-2012, 01:08 PM   #7
Moderator Emeritus
 
Join Date: Oct 2007
Posts: 4,929
We've already set aside a reserve to cover the risks of recission, and the risk of losing coverage for our over-18 college student daughter. Losing ACA at this point shouldn't add more than 200K or so as a worst case to the medical budget we've calculated.

As always, your mileage may vary, so do your own due diligence in budgeting.
__________________
M Paquette is offline  
Old 03-24-2012, 01:38 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,409
Quote:
Originally Posted by REWahoo View Post
Let's start a pool.

I say Porky will show up on post 23.
Okay. What's the prize? And who is Porky again?

heh heh heh - I'm just glad I got old enough in ER to know I'm supposed to care.
__________________
unclemick is offline  
Old 03-24-2012, 01:52 PM   #9
Full time employment: Posting here.
 
Join Date: Nov 2010
Posts: 588
I don't want to rely on constitutionality questions for health care. I don't expect it to survive this test, but what I know about the "Supremes" could be put in a flea's navel, with room to spare. I see many other countries get much better health care for a fraction of what we pay and figure that what we have is clearly dysfunctional. Sooner or later, it will change, but I keep it in mind as one of the few sectors I may invest in.
__________________
devans0 is offline  
Old 03-24-2012, 02:03 PM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Gone4Good's Avatar
 
Join Date: Sep 2005
Posts: 5,381
Here are the estimates from five different sources about the impact of losing the mandate:

__________________
Retired early, traveling perpetually.
Gone4Good is offline  
Old 03-24-2012, 08:01 PM   #11
Recycles dryer sheets
 
Join Date: Jun 2007
Posts: 359
The collective wisdom at the decision market site intrade is anticipating that the ACA won't be thrown out, either by the supreme court or (by the implication that the next occupant of the WH will veto a repeal) by legislative action.

Intrade - The US Supreme Court to rule individual mandate unconstitutional before midnight ET 31 Dec 2012 is 34.0% probable


[mod edit]

I think many who normally abhor unbridled expansion of government power are going to acquiesce to a decision that does a great deal to separate employment from health insurance. By the way, doing so directly addresses one of the primary obstacles to ER.
__________________
FinanceGeek is offline  
Old 03-24-2012, 09:25 PM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2004
Posts: 11,615
Quote:
Originally Posted by Gone4Good View Post
Here are the estimates from five different sources about the impact of losing the mandate:
Thanls for the chart. In the spirit of full disclosure, the source of this compilation, AHIP ("America's Health Insurance Plans") is a trade group of insurers who lobbied very hard for passage of the law and whose members obviously have much to gain from a law that forces Americans to buy products from their member companies. Obviously, they aren't a disinterested party. That's not to say that the information is incorrect.

An interesting metric that the above graphic missed: How does the mandate affect the federal budget deficit? Well, the CBO estimated that eliminating the mandate but keeping the rest of the ACA (subsidies, Medicaid expansion--everything) will reduce the federal budget deficit by $252 billion from 2011 to 2020.

If the ACA is retained without the mandate, CBO estimates that by 2019 39 million people won't buy health insurance. Today, approximately 50 million people don't have health insurance, so the number of uninsured is substantially reduced compared to the present situation. Moreover, every one of those people who chooses not to have insurance will have had the opportunity to buy a policy offered without need for underwriting, etc. The poor and not-so-poor will have Medicaid and generous subsidies available to help them buy policies. Every one of those uninsured will have chosen to "roll the dice" despite plenty of available options, unlike the situation today.

The SCOTUS begins their hearings Monday, but it will be months before they rule on the issue. Plenty of time to ruminate between now and then. All the guesses in the press about how the judges will see this (based on sketchy comments they have made, opinions they wrote sometimes many years ago, etc) harkens back to the days of the Kremlinologists who used to try to discern how the Soviet Politburo would rule and which party members would get promoted using similar small scraps of information.
__________________
"Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein
samclem is online now  
Old 03-25-2012, 09:23 AM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 7,891
If you want to follow the audio, here you go:

Supreme Court Hearings on Patient Protection and Affordable Care Act | C-SPAN

Set the the popcorn by the computer monitor
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is offline  
Old 03-25-2012, 10:15 AM   #14
Full time employment: Posting here.
 
Join Date: Mar 2008
Posts: 637
Quote:
Originally Posted by easysurfer View Post

Live coverage on CSPAN- though I think audio only
__________________
bizlady is offline  
Old 03-25-2012, 11:14 AM   #15
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
I am waiting for this thread to be closed. My bet is at post #30.
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline  
Old 03-27-2012, 12:27 PM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 7,891
After reading the news recaps of day two of the hearings, I think it's time to make my monthly contribution to my HSA.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is offline  
Old 03-27-2012, 12:48 PM   #17
Recycles dryer sheets
Nova's Avatar
 
Join Date: Apr 2010
Posts: 270
Quote:
Originally Posted by obgyn65 View Post
I am waiting for this thread to be closed. My bet is at post #30.
Posts are pretty civil, so far!
__________________
Nova is offline  
Old 03-27-2012, 01:06 PM   #18
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,467
It's like watching paint dry.
__________________
MichaelB is online now  
Old 03-27-2012, 01:21 PM   #19
Full time employment: Posting here.
 
Join Date: Mar 2012
Location: seattle
Posts: 643
Bacon!
__________________
bld999 is offline  
Old 03-27-2012, 01:24 PM   #20
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,617
Quote:
Originally Posted by Nova View Post
Posts are pretty civil, so far!
Quote:
Originally Posted by bld999 View Post
Bacon!
I don't know what numbers you're holding, but no fair driving up the post count!
__________________

__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline  
Closed Thread


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
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
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
For the Birds! Brdofpray Life after FIRE 121 04-17-2014 07:23 PM
Nearing the End of a Military Career Parr0thead98 Hi, I am... 129 05-22-2013 06:10 PM
How am I using 21,000 gallons of water a month? soupcxan FIRE and Money 118 05-05-2012 02:00 PM
Creative ways to pump up the compensation? MooreBonds Young Dreamers 20 03-26-2012 11:51 AM
Scoring of "Millionaires Tax" proposal only brings in $47B over 10 years MasterBlaster FIRE Related Public Policy 57 03-25-2012 03:21 PM

 

 
All times are GMT -6. The time now is 07:10 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.