Seeking Alpha

Obamacare deadlines continue to shift

  • Federal and state governments are continuing to let people sign up for health coverage that takes effect on January 1 even though the latest national deadline passed on Tuesday.
  • Those who were unable to buy plans because of the problems affecting Obamacare's HealthCare.gov can contact a call center to see if they can still purchase plans, while Massachusetts, Minnesota and Rhode Island are allowing residents to sign up as late as New Year's Eve.
  • The continued shifting of the deadlines comes amid a late surge in attempts to buy coverage, with 2M people visiting HealthCare.gov on Monday.
  • However, it's not going down well with health insurers, who believe they won't have enough time to process all these late applications.
  • Relevant company tickers: AET, HNT, HUM, UNH, WLP, MOH.
  • ETFS: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
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Comments (6)
  • bbro
    , contributor
    Comments (10404) | Send Message
     
    WLP is up 52.9% for the year (dividends reinvested)....6.6% since October 1.....
    26 Dec 2013, 04:06 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (9718) | Send Message
     
    This is what happens when a government feels it knows best and force feeds its "medicine" to an unwilling populace.

     

    I wish Barack Obama had stayed in the senate where he could have caused far less damage to the stability of our nation.
    26 Dec 2013, 04:25 AM Reply Like
  • Mattster
    , contributor
    Comments (164) | Send Message
     
    The health care companies are just raping these forced buyers and no one says anything against them. Its just oh these poor health care companies who will get new business revenues and more clients. They are taking terrible advantage, anyone monitoring that?
    26 Dec 2013, 09:59 AM Reply Like
  • ejhickey
    , contributor
    Comments (122) | Send Message
     
    soon people will realize there are no actual deadlines and that one can sign up for coverage at any time , even after open enrollment ends
    26 Dec 2013, 11:06 AM Reply Like
  • harring
    , contributor
    Comment (1) | Send Message
     
    WLP has gone up despite the exchange troubles. Its exchange exposure is small compared with its overall book of business, and the feds need the company to stay in the game
    27 Dec 2013, 01:18 AM Reply Like
  • lancecrossbow
    , contributor
    Comment (1) | Send Message
     
    The administration has made a convenient target out of healthcare companies (AET, CI, UNH, WLP). Obamacare mandates that they spend at least 80-88% of premiums on care. The problem is the underlying (and ever-increasing) cost of hospitals, pharmaceuticals, specialty care, etc. Have you ever compared the "regular" cost of a procedure or service vs the discounted cost negotiated by a healthcare company. Conservatively speaking, the discount averages 40%. You'd prefer to remove this intermediary (and their negotiating power) and be left at the mercy of the provider?
    8 Jan 2014, 09:05 AM Reply Like
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