2007/08/28

Losing Your Health Insurance - Cold Hard Numbers

With the new government stats on household income, the Bush Administration is likely take credit for a whopping 0.7% "surge" in families above the poverty line. That's a whole 500,000 individuals, after 6 straight years of increasing poverty. Way to go Bu$hCo! But...uh...before you start patting yourselves on the back...

...the number of people who've lost their health insurance is a sobering statistic that could bear some additional scrutiny. You see, 2.2 million fewer people are covered than a year ago. And how did that happen? Well many lost their employer sponsored coverage. Others lost their access to government sponsored programs.

In economic terms, this is a double whammy. Not only does one's aggregate compensation decrease by double the value of the insurance (the pre-tax cost plus the post-tax expense of covering oneself), but the quality of coverage also declines. In real terms, this might work out to as much $8,000 to $10,000 dollars a year per individual. And I'm willing to bet that, for a sizable chunk of our newly uninsured, 8K - 10K is the difference between being above the poverty line and being below it. So Bu$hCo, say bye-bye too your 500K uptick in prosperity.

Of course the administration won't spin the numbers this way. Individuals being burdened with purchasing their own health insurance is an expense that doesn't affect the calculation of poverty stats. And anyway, it's really just another advantage of our glorious "Ownership Society", right?

15 Comments:

Anyone that believes they are better off because of Bush needs a complete head examination.

I am not surprised by these numbers, however I am surprised by the amount of people that think the Bush Administration has done a good job.

Ugh, what is the point... we have families struggling because no one seems to care in that big white house. Wonder what he would do if it were his family choosing between food and heat? Oh but lets hold on, that will never happen because he comes from money and his family has connections with oil filled countries.

Maybe when life is over, his so-called faith will not save him, instead his punishment will be to live the life of a person he put on the street, or a parent that lost a child in the war, or starvation.... perhaps then he will look farther than his own dinner plate.
That's the beauty of numbers, you can spin them any way you like. Well, I should say any way they like.

I'm so disgusted with this administrations lies about so many things. May they all rot in a special hell.
Anyone that believes they are better off because of Bush needs a complete head examination.

I think what's been the most frustrating part of this, in a political/wonk way is the fact that so many of his supporters voted against their economic interest. They still buy into the tax-and-spend Democrat bullshit and blame Clinton for their problems.

Oh, and someone owns something alright. And once again, though not explicitly stated in the article, I'm quite sure "inflation-adjusted" doesn't take into account that whole food and fuel thing. Wankers.
"Inside our hands, outside our hearts"...

Welcome to Blognonymous.

Maybe when life is over, his so-called faith will not save him, instead his punishment will be to live the life of a person he put on the street, or a parent that lost a child in the war, or starvation

Now that would be a delicious irony, wouldn't it? But then, I wouldn't argue with the fires of eternal damnation...if I believed in eternal damnation, that is.
PoP... In Bu$hCo's case, they'll just have to ignore certain numbers while trumpeting others--much as they do with the job stats, "1,000,000 jobs created!" Only after ignoring the fact that 4.5M were lost.

Randal... "Tax and spend"? That's funny. The Bush Administration is into "cut taxes and spend"--The biggest New Dealer since FDR.
It's all smoke and mirrors with Bu$hco... A band of roving lunatics bent on this countries ruin and they'll drag the world right along with them off this cliff. Problem is...we'll be the first one off the edge leaving one hell of a weight to tumble smack dab on top of us. I.M.P.E.A.C.H.
The biggest New Dealer since FDR.

Exactly. At least FDR tried to help people a little. I mean, Bush. No, really, I do! Now if you'll excuse me, I have to go spend some of my money that the President has kindly let me keep on some non-core inflation items!
Dear Kvatch,

I agree that Bush will take credit, while doing little to deserve it.

I also posted about health insurance, for children.

As an aside, I did read your comments at Invisible Woman in response to my own personal view that I dont like competition. It is simply how I feel for myself, I thought I was pretty clear in saying I dont apply that to others. I have no problem with community either.

I recall helping you and AJ judge a contest, I am certainly not against some fun. I also nominated and voted.

My personal feeling though is that there are some people we hear from when they are nominated for things, and the rest of the time...nothing. I dont see that as "community" as much as self promotion. If the only time I have ever heard from a blogger is "Hi, whats up? Love your blog. Now vote for me at...link." THAT is the thing that I dont care for. That feels almost like...spam.
Great minds, Kvatch. Despite the slight surge that the Megalomaniac Moron is cheering about, the poverty levels are still far above where they were when he assumed the stolen presidency in 2001.
Wooohooo!! Let the good times roll! sheesh.
War is peace, poverty is prosperity...
TPM... At this point, Bu$hCo is so isolated and paranoid that I doubt they could come up with a coherent proposal to fix the levees in NO much less our healt care system.

Randall... Be sure you're spending it on health care.

Lynn... Don't worry I wasn't offended by your comments, and I hope you weren't offended by mine. That said, you know I'm a shameless self-promoter, a tawdry "click-whore" if you will. ;-)
poverty levels are still far above where they were when he assumed the stolen presidency in 2001

TomCat... No doubt about that...AND...with a 60% increase in the national debt. We're doomed.

UndeniableL... Day is night, Bush is Reagan...uh...Lincoln.
Private health insurance is an effing joke! You pay an outrageous sum of money for a policy that doesn't cover anything unless you're hospitalized with something major, and then you still have to pay a huge deductible and a big chunk of the bill. Insurance? It's a SCAM. Evil b*st*rds.
Sadly, it will take generations to dig out.
Ok, Kvatch. Now lets have some coffee.

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