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Most people who bought Obamacare insurance already covered

  • At least two thirds of the 2.2M people who purchased health insurance from exchanges under Obamacare through December 28 already had coverage, preliminary surveys indicate.
  • In a McKinsey study, just 11% of people didn't have insurance previously. Affordability and technical problems were among the reasons why people didn't buy plans.
  • Around 48M Americans didn't have health insurance in 2012; Obamacare is expected to reduce that figure by 25M.
  • Meanwhile, the government is delaying yet another provision of the Affordable Care Act - one that prevents employers from offering better health benefits to senior management than to other staff. The reason is that tax officials haven't yet issued the regulations that companies need to abide by.
  • More on Obamacare.
  • Health insurers: AET, HNT, HUM, UNH, WLP, MOH.
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Comments (108)
  • tomlos
    , contributor
    Comments (1230) | Send Message
     
    Mission accomplished.. we spent all of this money, bungled the website contract, spent even more money, to insure people who were already insured? This law just keeps on giving.
    19 Jan 2014, 08:34 AM Reply Like
  • Rope a Dope
    , contributor
    Comments (664) | Send Message
     
    The UACA will deliver its greatest gift on Tuesday, November 4th, 2014.
    19 Jan 2014, 08:47 AM Reply Like
  • tomlos
    , contributor
    Comments (1230) | Send Message
     
    and then against in 2016.
    19 Jan 2014, 10:28 AM Reply Like
  • Jake2992
    , contributor
    Comments (831) | Send Message
     
    You must not read polls, Republican approval ratings are at an all time low. ACA will cut the number of uninsured people in half and most people want to give it enough time to do so. Your reading of the situation is as bad now as it was when Romney got shellacked in 2012.
    19 Jan 2014, 03:25 PM Reply Like
  • tomlos
    , contributor
    Comments (1230) | Send Message
     
    You must not read polls about democrat and or presidential approval rating?
    19 Jan 2014, 08:19 PM Reply Like
  • chopchop0
    , contributor
    Comments (4009) | Send Message
     
    "You must not read polls, Republican approval ratings are at an all time low."

     

    Have you checked the approval ratings on democrats or Obama in the last few months? seriously.....
    19 Jan 2014, 10:40 PM Reply Like
  • tomlos
    , contributor
    Comments (1230) | Send Message
     
    No is likely too busy getting his news from HuffPo.
    20 Jan 2014, 08:04 AM Reply Like
  • sarichter
    , contributor
    Comments (453) | Send Message
     
    Although I agree that the ACA is definitely not being well managed (even in the slightest), what gives you the indication that the original model of private insurance is efficient? Some of these companies have huge amounts of redundancy and overhead... I'd say just about the same as the government. If we had more smaller insurance companies available, there probably wouldn't be such an egregious waste of money as more competition would provide honest prices.
    20 Jan 2014, 08:39 AM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11781) | Send Message
     
    LOL well the fewer sign ups the more of our money can be given to them for benefits that exceed the cost paid. This seems to be the game and is why Obamacare won't go bankrupt in a couple years. The flaw in Obamacare legislation is that the boat load of money allocated to it was not based on per users, that means if elected officials and no one else signed up (because they get it free) they'd get to keep the billions allocated to it. I guess they're sad they must share it with the elderly.

     

    Considering even with this giant float of money, the losses they incur with higher rates to the healthy probably won't keep them solvent, I expect this to give way to the real issue, single payer base health care or not. A government run system that is not single payer makes absolutely no sense at all and everyone who studies it knows it. Obamacare is a scam perpetrated by the government. Either you have universal health care for all and the cost benefits for all with less paperwork or you don't. This system insures you pay even more people to shuffle papers around and be more inefficient which makes it great for bureaucrats and those who want to make government bigger, but lousy for taxpayers, those that use the system, businesses that have to pay it, and America as a whole.

     

    If you think Canada, Japan, Taiwan, France, and Germany have a bad system, congrats, we just found a worse system to top them all.
    20 Jan 2014, 01:21 PM Reply Like
  • sarichter
    , contributor
    Comments (453) | Send Message
     
    Do you have any idea what it would take to convince the 'right' in this country to agree to a single payer system? I don't think taking all of their first born would do it.
    20 Jan 2014, 02:32 PM Reply Like
  • ssx1
    , contributor
    Comments (3) | Send Message
     
    Actually, smaller insurance companies are much less efficient than large insurance companies. Smaller insurance companies cannot predict claims expenses nearly as accurately as large insurance companies, and so must either overcharge to compensate for the likelihood of their estimates being too small, or undercharge and go out of business. This is one of the problems with insurance companies being limited to single-state sales, with each book of business comprising each individual state rather than having one large book of geographically spread out risks. Health insurance is inefficient, however the ACA didn't address any of the inefficiency issues. If anything, Obamacare actually makes them worse by further segmenting the market and driving adverse selection & anti-selection (premiums going up so much that healthy people actually leave the market). Health insurance is inefficient mainly because people have come to expect 1st dollar coverage, so it ceased being insurance and has become pre-paid or third-party payer health care financing, which allows heathcare providers to raise prices and over-treat patients without regard to the typical market pricing pressures. The ACA makes all of these problems worse.
    20 Jan 2014, 03:31 PM Reply Like
  • getreal10000
    , contributor
    Comments (243) | Send Message
     
    @sarichter
    Don't blame the Right; Obama couldn't convince his own party's congressional reps on a single payer system. He never had the votes for it. As it was, he had to lie, bribe and intimidate to get the ACA passed. I've never seen a poll showing a majority in this country want single payer. On the contrary, every poll said most Americans were happy with their health care (aside from high costs) before it got hijacked.

     

    Now of course we have a majority UNhappy with our health care system. Right now, 55.3% oppose the ACA. They can't all be Republicans. That number would have undoubtedly been higher had not Obama delayed so many problematic parts of his law. http://bit.ly/1eNPMIz
    20 Jan 2014, 03:36 PM Reply Like
  • Rope a Dope
    , contributor
    Comments (664) | Send Message
     
    sarichter, as inefficient as the 'old' system was, it was 10 times better than this hideous beast called Obamacare. There isn't anything the government touches that does not become bloated and inefficient when compared to the private sector. Nothing. Obamacare is going to make that $600 toilet seat look cheap.

     

    Yes, our 'old' heath care system was horribly expensive and susceptible to enormous fraud and waste. But those are now the good 'ole days. Just like everything else this administration touches, they take something that was really bad .... and make it worse.

     

    Someone on here commented about giving this thing time to work; explain that to the people who are losing their health care and need immediate treatment, in some cases to save their lives. Go explain to them that despite the fact they had lifesaving insurance and health care in place a few months ago, we need to experiment with the whole system, all at once, because we know what is best for you.

     

    Obamacare has some good ideas, most notable not being turned away due to pre-existing conditions, as well as a few other things. Where Democrats went off the rails was not considering Republican input, allowing insurance companies to craft a good part of the legislation (can you spell bail-out?) while at the same time excluding the input of doctors and hospitals, and they also should have screwed the pooch incrementally rather than screwing it all at once. I doubt you could find too many Americans (and one Canuckian here) who would not tell you we needed to make changes to our health care system, but Obamacare isn’t even close to the answer. That fact can be ascertained by the number of Democrats running for cover before the mid-terms.

     

    Most Republicans have railed against this legislation from day one but now we are being joined by Democrats and Independents who are losing their health care coverage (or are running for reelection), and all this is before the employer mandate kicks in. The employer mandate will be the Republican mother lode and Obama knows it. He is issuing executive orders every week to change or delay implementation of parts of Obamacare and I’ve lost track of how many times he has done this. I’m sure he can prevent some of the damage before the mid-terms, but the cat is out of the bag and there are enough Americans who see the train wreck coming and let’s hope common sense prevails on November 4th.
    20 Jan 2014, 03:57 PM Reply Like
  • the6pack
    , contributor
    Comments (21) | Send Message
     
    Your analysis may be correct, however, you forget that wealth redistribution, ie taking from the productive to give to the non- producing, is not and never has been nor ever will be a lasting economic model. Socialists such as yourself need to extricate your bedwetting heads out of your kiesters and come up for air.
    20 Jan 2014, 07:39 PM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11781) | Send Message
     
    "The ACA makes all of these problems worse" which is amazing considering how backwards, inefficient, and disorganized it already was. You are right about many of the problems with our current system and the lack of market pricing pressure. We have the best doctors and the best medical procedures in the world being run by the worst administrators and system in the world.
    21 Jan 2014, 01:23 AM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11781) | Send Message
     
    I don't see a wider net at all like Obama promised. In fact the reverse seems to be happening as people get de-insured and are too confused to buy something else or pay higher premiums. The ones taking advantage of this is elderly people who will also probably sink this institution into generating massive taxpayer born losses.
    19 Jan 2014, 11:49 AM Reply Like
  • Jake2992
    , contributor
    Comments (831) | Send Message
     
    If someone got a cancellation notice and hasn't taken the 20 minutes to sign up for a more affordable plan with lower premiums,a lower deductible, and better coverage then they deserve what ever they have coming. Secondly, if no new younger people sign up, 20-30 year olds, premiums only need to go up by 2% to make the program sustainable.

     

    So much for the "death spiral" you guys have been calling for since 2008.
    19 Jan 2014, 03:29 PM Reply Like
  • bankingqueen
    , contributor
    Comments (135) | Send Message
     
    lower premiums and deductible? you are on crack
    19 Jan 2014, 08:05 PM Reply Like
  • kcr357
    , contributor
    Comments (567) | Send Message
     
    That's alright, I'd guess somewhere in the exchanges, crack addiction is a mandatory coverage. After you pay your sky high deductible, of course.
    19 Jan 2014, 08:43 PM Reply Like
  • evermar
    , contributor
    Comments (4) | Send Message
     
    Jake, I got my cancellation notice will probably cancel. My rate more than doubled for a 5k deductible.
    But oh we'll, as a 60 year old male my insurance policy will have birth control, maternity care , and infant care. Do I deserve that coming to me?
    19 Jan 2014, 10:08 PM Reply Like
  • SoCalNative
    , contributor
    Comments (606) | Send Message
     
    @Jake, Moon owns you bro. Your cheerleader garbage doesn't cut it.
    20 Jan 2014, 12:17 AM Reply Like
  • lszumlic
    , contributor
    Comments (12) | Send Message
     
    Fortunately, we rarely use our insurance, yet, we were paying over $500/month for an $8,000 deductible. We are now lowering that with a personal change to Aetna with a $10,000 deductible. ( our original was going up by about $100/month. This will actually save us a little...lol! ACA would have cost us about $13,000/ yr. for a $12,000 deductible. I don't see where that would be a savings! & that was the Bronze plan. Also, my 26 yr. old daughter who had insurance before this year, has dropped it. She will not have coverage. She does not see paying over $100/month when she goes to the dr. maybe once /yr. So instead of paying over $1200/ yr. for insurance, she (like many her age) figures it is more cost effective to pay the higher cost when going that one time/yr. IN the past, I always recommended she have insurance, because if you didn't have insurance down the road & needed to get it... & had a pre-existing condition, you would have trouble getting coverage! Now, there is no fear!! Hey, I will get it when I need it! When you only go once/ yr. I have even thought about dropping insurance... It would probably save about $5500! BTW, I read the HB3200 and subsequent bills. Most people don't know that it really was an addendum to the 2008 Tax code! So why were we shocked to find out ... it was a tax?? That is the only way it is legal...
    20 Jan 2014, 03:14 AM Reply Like
  • ThePursuit
    , contributor
    Comments (20) | Send Message
     
    Can you substantiate your statistic that premiums will only need to go up by 2%. The premiums I am aware of that have risen (allegedly) as a response to ACA have risen about 10x as much as you claim in your comment.
    20 Jan 2014, 03:14 AM Reply Like
  • racchole
    , contributor
    Comments (367) | Send Message
     
    Lower deductibles?
    20 Jan 2014, 08:43 AM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11781) | Send Message
     
    Yes, you may have a artificially inseminated baby with a surrogate mother, lol.
    20 Jan 2014, 12:10 PM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11781) | Send Message
     
    I'm surprised that Obamacare didn't close the Indian Health Clinic, emergency clinics, and Doctors on Duty to prevent people from getting one time service. Opps, I hope they don't get ideas reading this lol.
    20 Jan 2014, 12:13 PM Reply Like
  • ssx1
    , contributor
    Comments (3) | Send Message
     
    If the plans had lower premiums, lower deductibles, and/or better coverage we wouldn't be having these problems. Unfortunately, you're just repeating the Administration's propaganda/talking points. Premiums are up on average 40% (my personal premium went up 200%, but I am young and must be overcharged to make up for the adverse selection and anti-selection the ACA caused), deductibles are on average 3,000 with the Bronze deductible as high as $6,350, and provider networks and non-mandated coverages cut severely to make up for ACA mandated coverage. If someone listens to you and the Obama Administration's propaganda, then they deserve whatever they have coming.
    20 Jan 2014, 03:31 PM Reply Like
  • the6pack
    , contributor
    Comments (21) | Send Message
     
    The 20 year olds can stay on Mommy and Daddy's plan for 6 more years ! Maybe if someone other that a community organizer were in charge, such disincentives and failures wouldn't ensure the doom of ACA. The only people who "get what they deserve" are the naive and ignorant who voted for a fantasy free- lunch world ensuring the fate of our republic.
    20 Jan 2014, 07:51 PM Reply Like
  • Bosshogg55
    , contributor
    Comments (108) | Send Message
     
    Watch yourself with Aetna. I had them for 3 years and they never processed my claims properly according to the terms of my policy. I have had to formally appeal most of my EOBs to get them to pay the way they should. My insurance was cancelled by them the first week of July, effective 12/31/13, and I found a much better Blue Cross plan to replace it. Aetna stinks for policy holders but is a great holding in an investment portfolio. I am long AET.
    21 Jan 2014, 10:11 AM Reply Like
  • pturet
    , contributor
    Comments (4) | Send Message
     
    I put my kid on a COBRA plan from my plan (retiree from a state job). Cost $540+ per mo. He used it once. I didn't renew it.
    12 Mar 2014, 10:07 PM Reply Like
  • Swisser998
    , contributor
    Comments (133) | Send Message
     
    Obamacare just does not work. Anyone could see this coming since 2010.
    19 Jan 2014, 01:06 PM Reply Like
  • Jake2992
    , contributor
    Comments (831) | Send Message
     
    So prove it.
    19 Jan 2014, 03:29 PM Reply Like
  • TAS
    , contributor
    Comments (2564) | Send Message
     
    You are lost in ObamaLand. The ACA is a disaster. Through direct observation, I have witnessed almost all of my (working) friends and cohorts have been shellacked by cancellations, higher premiums and abysmal service from confused insurance reps.

     

    The American people deserve better ...I think. I am beginning to question the intellect of the new American voter.
    20 Jan 2014, 01:05 AM Reply Like
  • ThePursuit
    , contributor
    Comments (20) | Send Message
     
    I think the government is currently in the process of proving it. Thus this news update. I wonder how much tax payer money we had to give the government so that they could cancel people's health insurance and then have them all sign up with a different health insurance... That really sounds like an incredibly well thought plan to me.
    20 Jan 2014, 03:15 AM Reply Like
  • chopchop0
    , contributor
    Comments (4009) | Send Message
     
    It's being proved. People are losing their low cost, no frills catastrophic insurance plans and are then refusing to buy the more expensive Obamacare approved plans.
    20 Jan 2014, 07:01 AM Reply Like
  • Lakeaffect
    , contributor
    Comments (1202) | Send Message
     
    TAS - Just now you're beginning to question the intellect of the American voter? I hate to offend you, but you better question your own intellect if this is only now starting to make you wonder. It's been completely obvious for the past three administrations that we as a nation have gone over a cliff!
    20 Jan 2014, 09:08 AM Reply Like
  • sarichter
    , contributor
    Comments (453) | Send Message
     
    chopchop... no it's not. What you are reading is mindless media-driven dribble. Stop watching news (Fox or NPR). Start digging in and doing a little research. I don't care about the random anecode the media decides to report on. It's silly and stupid.
    20 Jan 2014, 09:12 AM Reply Like
  • chopchop0
    , contributor
    Comments (4009) | Send Message
     
    "chopchop... no it's not. What you are reading is mindless media-driven dribble. Stop watching news (Fox or NPR). Start digging in and doing a little research. I don't care about the random anecode the media decides to report on. It's silly and stupid."

     

    Fox and NPR are certainly not on the same end of the spectrum for news coverage. If even half of what I hear is right on those networks, the ACA is not doing anything close enough to what it was expected to do.

     

    Where do you get your research from.... your tinfoil hat?
    20 Jan 2014, 10:51 AM Reply Like
  • sarichter
    , contributor
    Comments (453) | Send Message
     
    No tinfoil hat here... but you seriously think that legislature this enormous will work, this quickly, without any problems, and efficiently? If so, I'd love some of what you are smoking.

     

    Can you remember anytime in history that anything of this scale has worked without a hitch? The problem with this day and age is no one has patience. Everyone in this country wants instant gratification.
    20 Jan 2014, 11:23 AM Reply Like
  • bigbear4511
    , contributor
    Comments (287) | Send Message
     
    Makes me happy to be in Canada. I pay $80 a month. No DEDUCTABLE!!. The thing is everyone pays this. Its mandatory. So if i end up in the hospital due to freak injury, I don't have to morgage the house (go bankrupt) to pay for my bills and neither does anyone else. That type of sercurity sure valuable. Sure i pay more taxes, but not anywhere near $500.00 a month. Sooooooooo enjoy your $500 a month payment and $8000.00 dollar deductable. Your system is a joke.
    20 Jan 2014, 11:24 AM Reply Like
  • SoCalNative
    , contributor
    Comments (606) | Send Message
     
    Legislature? Is that what they're calling it now? I wouldnt even call it legislation. I think what everyone wants is a vote at the least. Not the DOA mandate that was foisted upon everyone with more questions than answers. Check that hat again.
    20 Jan 2014, 11:51 AM Reply Like
  • tomlos
    , contributor
    Comments (1230) | Send Message
     
    Says "America's hat". Thanks bud.
    20 Jan 2014, 02:24 PM Reply Like
  • ssx1
    , contributor
    Comments (3) | Send Message
     
    I can show you how, logically and statistically, it will fail. It is impossible for the bill, as written, to work within our current health insurance framework past 2016 when the government reinsurance & risk corridors end. The health insurance companies cannot survive under such heavy adverse selection & anti-selection pressures while cost pressures keep driving premiums up. All the ACA did to address the health insurance market was to outlaw individual medical underwriting, pre-existing conditions, mandate unnecessary benefits, and expand Medicaid - it was purely a "putting lipstick on a pig" bill to jockey for popularity among uninsured & liberal voters. It did nothing to address the underlying problems with the healthcare or health insurance industries, and is doomed to fail post-reinsurance & risk corridors. The only options will be single payer or to scrap the ACA.
    20 Jan 2014, 03:31 PM Reply Like
  • the6pack
    , contributor
    Comments (21) | Send Message
     
    Can we predict a new disenfranchised group of Physicians and public circumnavigating this mess by forming a healthcare network based outside the country, say in Mexico and Bahamas, with providers and facilities in country ? Gee, Walley, maybe we have to pass a new law making freedom illegal alltogether so that doesn't happen!
    20 Jan 2014, 08:01 PM Reply Like
  • the6pack
    , contributor
    Comments (21) | Send Message
     
    You probably don't care that the major news networks don't care about Benghazi either. My point is, ineptitude, hope and change doesn't stop with foreign policy, it goes to the bone. BTW did you know that no Country has ever debased it's currency into prosperity ? You may not enjoy that fact either.
    20 Jan 2014, 08:07 PM Reply Like
  • the6pack
    , contributor
    Comments (21) | Send Message
     
    The "hitch" here isn't time, it's money and common sense.
    20 Jan 2014, 08:10 PM Reply Like
  • jh555
    , contributor
    Comment (1) | Send Message
     
    In February 2011, McKinsey surveyed 1,300 US private-sector employers on their expected response to the Affordable Care Act (ACA).[8][85] 30 percent of respondents said they anticipated they would probably or definitely stop offering employer sponsored health coverage after the ACA went into effect in 2014.[86][87] These results, published in June 2011 in the McKinsey e-Quarterly,[8] became "a useful tool for critics of the ACA and a deep annoyance for defenders of the law" according to an article in TIME Magazine.[88] Supporters of healthcare reform argued the survey far surpassed estimates by the Congressional Budget Office and insisted that McKinsey disclose the survey's methodology.[89][90][9... Two weeks after publishing the survey results,[88] McKinsey released the contents of the survey including the questionnaire and 206-pages of survey data.[93] In its accompanying statement,[94] McKinsey said the survey should not be compared with other estimates that use different methodologies[89][95] and that it was intended to capture the attitude of employers at a certain point in time rather than make a prediction.[96][97] A subsequent article in TIME Magazine called McKinsey’s disclaimer that the survey was not predictive "rather absurd," but said the survey methodology was sound.[88] Some supporters of the Affordable Care Act criticized the survey's methodology, arguing it used slanted questions, cherry-picked information and had uninformed recipients.[89][98]
    19 Jan 2014, 01:09 PM Reply Like
  • Petrarch
    , contributor
    Comments (972) | Send Message
     
    and so the slow motion train wreck which is Obamacare continues
    P
    19 Jan 2014, 02:45 PM Reply Like
  • bigbear4511
    , contributor
    Comments (287) | Send Message
     
    better than the fast motion train wreak called the Bush administration that left the country almost bankrupt.
    20 Jan 2014, 11:26 AM Reply Like
  • tomlos
    , contributor
    Comments (1230) | Send Message
     
    So the solution is to continue to put us MORE into debt? Liberal logic 101 on display here.
    20 Jan 2014, 02:24 PM Reply Like
  • bigbear4511
    , contributor
    Comments (287) | Send Message
     
    Deficit 1.1 trillion dropping to 656 billion and looking to be 350 billion next year. ??????
    20 Jan 2014, 02:33 PM Reply Like
  • the6pack
    , contributor
    Comments (21) | Send Message
     
    Maybe we should shake hands and vote for a 3rd party small government constitutional person with some verifiable intelligence and moral restraint. Just sayin.
    20 Jan 2014, 08:16 PM Reply Like
  • the6pack
    , contributor
    Comments (21) | Send Message
     
    Labor participation dropping too. But don't worry, Obama tells us that everyday he wakes up laser focused on job creation. The only problem is it's his own job he's talking about !
    20 Jan 2014, 08:21 PM Reply Like
  • bigbear4511
    , contributor
    Comments (287) | Send Message
     
    did you notice that the deficit from 1.1 trillion to 650 billion to 350 billion next years . Oh wait its going down!! Republican logic must think it is going up dumb!
    22 Jan 2014, 04:52 PM Reply Like
  • Rope a Dope
    , contributor
    Comments (664) | Send Message
     
    bigbear, not only Republican logic, but CBO logic as well. http://1.usa.gov/17tZo67

     

    From the CBO document; "Moreover, debt would be on an upward path relative to the size of the economy, a trend that could not be sustained indefinitely."

     

    I know this is an impossible request, but if the US (that means not you) can just get more than 50% of the populace to fire up more than 1 brain cell, we could expect elected officials to do something about the rising debt before it SINKS the US.

     

    $200 trillion in unfunded liabilities and absolutely no plan to address this because too few people have the intelligence to realize the severity of the problem. That includes all members of Congress and especially the dolt in the White House.
    22 Jan 2014, 05:06 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    So far more people have LOST coverage than have been covered under this vile law. Poetic justice will be when those who voted for the vacationer-in-chief get stuck in Obamacare.

     

    Stupid is as stupid does, and judging by the 2012 election results, the majority is truly stupid.
    19 Jan 2014, 02:53 PM Reply Like
  • getreal10000
    , contributor
    Comments (243) | Send Message
     
    Every time Obama delays another part of the law, he's acknowledging it's either unworkable, or that the effects of the delayed part are so negative they'll hurt Dems in the 2014 election. The latest delay is the equal coverage provision. http://reut.rs/1jifJpl

     

    This is what happens when a bunch of idealogue academics and policy "experts" create legislation, having no idea how it will play out in the real world.
    20 Jan 2014, 12:13 PM Reply Like
  • smitsky
    , contributor
    Comments (275) | Send Message
     
    My friend is trying to sign up for Obamacare and is getting such a tremendous runaround it is horrible! This is nothing short of a fiasco!! Disgusted!
    19 Jan 2014, 05:01 PM Reply Like
  • justaminute
    , contributor
    Comments (918) | Send Message
     
    They probably checked his\her voting record and found out they did not vote for 0bama - that puts you in a different line.
    19 Jan 2014, 08:50 PM Reply Like
  • smitsky
    , contributor
    Comments (275) | Send Message
     
    Yeah, like Christie. If you don't do the right thing they put you in the traffic jam and make your boss want to fire you because you're late.
    19 Jan 2014, 08:55 PM Reply Like
  • justaminute
    , contributor
    Comments (918) | Send Message
     
    Or keep the appropriations that were so desperately needed for relief from a natural disaster and use it for as a slush fund for campaign commercials. I hear ya.
    19 Jan 2014, 09:04 PM Reply Like
  • the6pack
    , contributor
    Comments (21) | Send Message
     
    Amen. But were still investigating just what happened in the IRS.
    20 Jan 2014, 08:23 PM Reply Like
  • justaminute
    , contributor
    Comments (918) | Send Message
     
    The other third is getting medical coverage for "free."
    19 Jan 2014, 05:17 PM Reply Like
  • KJP712
    , contributor
    Comments (457) | Send Message
     
    The 2.2 million already signed up are the most sickest of the total group.These people were denied coverage in the past.The younger ones are still trying to figure out how to pay for it absent jobs they do not have.Do not worry when the whole scheme fails guys like Jake will be living down in Costa Rica shaking bananas out of the trees with a long pole.
    19 Jan 2014, 07:25 PM Reply Like
  • SoCalNative
    , contributor
    Comments (606) | Send Message
     
    @KP,
    "guys like Jake will be living down in Costa Rica shaking bananas out of the trees with a long pole."

     

    LMAO. Jesus, I'm still giggling. Thanks for the night time yucks.
    20 Jan 2014, 12:22 AM Reply Like
  • getreal10000
    , contributor
    Comments (243) | Send Message
     
    Taxpayers should NOT have to bail out insurance companies if not enough young, healthy people sign up, but that's looking increasingly likely unless Congress takes action. Obamacare is already projected by the CBO to funnel over $1 trillion (from 2014 to 2023) from taxpayers through Washington, to insurance companies.

     

    But it doesn't end there. According to Washington health policy expert Bob Laszewski:

     

    **Obamacare contains a $25 billion federal risk fund set up to benefit health insurance companies selling coverage on the state and federal health insurance exchanges as well as in the small group (less than 50 workers) market. The fund lasts only three years: 2014, 2015, and 2016**
    http://bit.ly/1dHLuGd

     

    This guaranteed bailout could mean insurers won’t raise their premiums as much for 2015 as they otherwise would have, thereby making Obamacare seem like a better deal than it is. It also gives the law another chance to survive. The real nightmare won't be apparent until late 2016 and beyond, when it's too late.
    19 Jan 2014, 09:22 PM Reply Like
  • june1234
    , contributor
    Comments (3257) | Send Message
     
    ACA is the biggest bonanza for the health care sector in decades, just follow the money.
    20 Jan 2014, 07:18 AM Reply Like
  • kcr357
    , contributor
    Comments (567) | Send Message
     
    Yep, bought hqh right when o'care was passed, and it's been one of my best performers. May as well make some chicken soup out of this chicken shit bill. Thanks, working class.
    20 Jan 2014, 11:10 AM Reply Like
  • rodriguez.a@outlook.com
    , contributor
    Comments (3) | Send Message
     
    I would think that there would be better infromed people commenting on this site. Unfortunately, it is still divided, as to your view of the situation (ACA), between party lines. Go figure...lol...
    20 Jan 2014, 08:33 AM Reply Like
  • SoCalNative
    , contributor
    Comments (606) | Send Message
     
    Rodriguez,
    I don't think so. SA is about trading/investing. Most here are über-informed. My guess is what people object to is the way this "act" was forced upon everyone for votes then executed very poorly at the expense of the tax payer. Judging by your comment count (2) and the subject, I think it's safe to say you're one of trolls that follow ACA headlines on websites and makes comments like you did. "june1234"'s comment above is more indicative of the crowd around here. To be fair, maybe you could tell us what it is we're not informed about. Markets closed. I must be bored.
    20 Jan 2014, 09:20 AM Reply Like
  • getreal10000
    , contributor
    Comments (243) | Send Message
     
    Yes to everything you said, and I've noticed most of Obamacare's defenders can't justify or explain why the law has been so disastrously implemented. The reason is simple: the federal government is ill-equipped to handle anything of this magnitidue, which is why the ACA should never have been imposed on us. It also seems people who support the law do so because they'll gain personally from it but as others have pointed out, it's at the expense of way too many other hard-working taxpayers. This is terrible public policy!
    20 Jan 2014, 11:20 AM Reply Like
  • SoCalNative
    , contributor
    Comments (606) | Send Message
     
    I like the dope above that still says its Bush's fault. Comedy.
    20 Jan 2014, 11:54 AM Reply Like
  • bigbear4511
    , contributor
    Comments (287) | Send Message
     
    Regan/Bush comes in and takes debt from 1 trillion to 3 trillion

     

    Bush Jr comes in and takes the national debt from 3 trillion all the way to 15.5 trillion Bush.
    The entire debt is Republican made.

     

    You cannot compare the errors of ACA to Republican debt increase of 15.5 trillion. They are not even in the same catergory. DUH!!

     

    Read em and weep Socalnative

     

    http://exm.nr/18toymP
    20 Jan 2014, 01:39 PM Reply Like
  • Rope a Dope
    , contributor
    Comments (664) | Send Message
     
    bigbear, I made it as far as 'Clinton leaving a surplus'. Never happened. Clinton left a projected surplus based on dotcom fortunes, and we all know how that turned out.
    20 Jan 2014, 01:58 PM Reply Like
  • bigbear4511
    , contributor
    Comments (287) | Send Message
     
    Debt at beginning of Clinton 3 trillion.

     

    Debt when he left!! 3 TRILLION!!!!!!!!!!!!!!...

     

    NO GROWTH OF DEBT IN 8 YEAR TERM!!!!!!!!!!!!!!!!!!...

     

    Debt at Beginning of Regan 1 TRILLION!!!!!

     

    Debt at end of Regan/Bush 3 TRILLION!!! (Tripled the debt on war costs)

     

    Bush Jr begining 3 trillion

     

    End of Bush 10.5 TRILLION (again triple the debt on war costs)

     

    Before Obama can make any attempt to end the war the debt was 15.5.

     

    Republicans triple and quardruple the debt on a regular basis. CAUSE THEY ARE WAR HAPPY!!!
    20 Jan 2014, 02:42 PM Reply Like
  • bigbear4511
    , contributor
    Comments (287) | Send Message
     
    http://seekingalpha.co...

     

    what what is that on this! (writer is a die hard republican) oh wait it shows a surplus in Clinton's time, followed by a plunge into the hole by Bush....
    20 Jan 2014, 06:37 PM Reply Like
  • Rope a Dope
    , contributor
    Comments (664) | Send Message
     
    Never happened. The National Debt increased every year under Clinton and there was a budget deficit every year as well. Clinton came close in 2000 with only an $18 billion deficit but it was a deficit nonetheless.

     

    But that's only US Treasury data and not some Liberals wet dream.
    20 Jan 2014, 07:19 PM Reply Like
  • Rope a Dope
    , contributor
    Comments (664) | Send Message
     
    Bigbear, the numbers you're using make it clear you bought into the DC smoke and mirrors. Compare Treasury data with the $ skimmed from Social Security and the smoke will clear.
    20 Jan 2014, 07:28 PM Reply Like
  • kcr357
    , contributor
    Comments (567) | Send Message
     
    Here's an explanation of why CLinton is perceived to have a surplus. Dope is right, there never was one. He got the deficit down quite a bit, but never managed a surplus.
    http://bit.ly/LANsMq
    21 Jan 2014, 09:40 AM Reply Like
  • Rope a Dope
    , contributor
    Comments (664) | Send Message
     
    Precisely, and that article lays out a good example of how SS funds were used to blur the debt picture.

     

    I'm a Republican but Bill Clinton was one of my favorite presidents. The man knew how to compromise and I believe that's one reason his administration got a lot accomplished. Compare Clinton to Mr. "I refuse to negotiate" and it's no wonder why there is a constant stalemate in Congress. Obama was elected, not coronated.
    21 Jan 2014, 09:55 AM Reply Like
  • getreal10000
    , contributor
    Comments (243) | Send Message
     
    Yes. Clinton was the president of all of America, Republicans and Democrats alike. Obama doesn't even pretend to be.
    21 Jan 2014, 10:20 AM Reply Like
  • bigbear4511
    , contributor
    Comments (287) | Send Message
     
    All analysis of the debt never took into account the effects of inflation.

     

    Where is the numbers that take inflation into account.

     

    Lets say you have 5 trillion in the bank and inflation was 2%. You are getting no interest on your 5 trillion. At the end of the year your 5 trillion is worth 100 billion less in value than the year before.

     

    18 billion deficit + 2% devaluation in national debt = national debt value less than it was a year prior.

     

    yes this did happen. Numbers Regan/Bush/Bush Jr can only dream of....

     

    Give the situation where you don't have a surplus nor a deficit, having zero growth in debt and yet your are not paying anything off is still a good place to be....
    22 Jan 2014, 05:11 PM Reply Like
  • bigbear4511
    , contributor
    Comments (287) | Send Message
     
    inflation data not in that article? Did the value of the debt go down from year to the next?
    22 Jan 2014, 05:15 PM Reply Like
  • Rope a Dope
    , contributor
    Comments (664) | Send Message
     
    From a Liberal 'news' organization so it should contain language even you can understand.

     

    http://bit.ly/LVElXw

     

    What part of 'unsustainable fiscal path' escapes you?
    22 Jan 2014, 05:49 PM Reply Like
  • justaminute
    , contributor
    Comments (918) | Send Message
     
    Analysis of effect of inflation on my savings and income is never taken into account by the Fed so , yes, "Where is the numbers that take inflation into account."
    22 Jan 2014, 09:57 PM Reply Like
  • TAS
    , contributor
    Comments (2564) | Send Message
     
    Lots of comments here for a news flash headline.

     

    There is a lot of seething anger fomenting against this administration. Rightfully so.
    20 Jan 2014, 02:17 PM Reply Like
  • bigbear4511
    , contributor
    Comments (287) | Send Message
     
    I am still seething from the BUSH Administration
    20 Jan 2014, 02:43 PM Reply Like
  • the6pack
    , contributor
    Comments (21) | Send Message
     
    Maybe I can help you with your seething.... Republicans do spend alot of money an war. Bush admitted they saw the 2008 disaster coming. Do you think the wars may have been the Republican form of quantitative easing ? Think about it; spending money to control world oil supply while keeping our economy afloat. Morally and fiscally flawed thinking.
    Now think of Dems same desire to spend money and float our economy on similarly flawed programs like QE 1, 2, 3, 4......, ACA etc.
    Debasing a currency works for a short time just as credit card debt does. The payback always comes though. I can assure you that Obamacare has nothing in it's formulary to cure your seething. Direct your seething toward all politicians who ignore sound constitutional practice.
    20 Jan 2014, 08:41 PM Reply Like
  • Hendershott
    , contributor
    Comments (1622) | Send Message
     
    I'm not seething with this administration, I kind of like it in fact. The trend to higher deductibles and higher premiums in health insurance didn't start with the ACA. It's been going on for years. Has everyone forgotten the 20% plus premium hikes that were becoming routine in the last decade? I am pretty upset with the price increases in basic things like colonoscopies which now cost $5k to $10k for a procedure that was a few hundred bucks a decade ago and still in the other OECD countries.
    20 Jan 2014, 08:19 PM Reply Like
  • Rope a Dope
    , contributor
    Comments (664) | Send Message
     
    I think everyone would agree health care costs were spiraling out of control but Obamacare is only going to make thing worse, IF people manage to hang onto their insurance at all and IF your doctor or hospital is willing to accept it.

     

    Your comments actually reinforce one of the basic misconceptions about this ‘law’. ACA stands for Affordable Care Act, yet this is not about health care, it is about health insurance. If you truly want to address health care costs, why not ask for the input of doctors and hospitals while crafting this legislation, rather than allowing the insurance companies to write half of the language in the bill? The insurance industry has spent $$ billions on lobbyists helping to ram Obamacare down our throats while many hospitals and doctors are telling us they are NOT going to accept Obamacare patients because of low reimbursement rates. Wonderful; so now ‘Obamacare’ has the appearance of lowering costs through reduced payments for procedures, but if your doctor or hospital won’t accept it, what good does it do?

     

    It is completely impossible to control health care costs through the insurance industry and that is one of the primary reasons Obamacare will fail. This would be similar to me trying to control production costs at Ford by telling Alan Mulally that I’m only going to offer him $10,000 for a product that cost $20,000 to manufacture. It doesn’t work like that at Ford and it will not work like that at your doctor’s office or hospital.
    21 Jan 2014, 04:57 AM Reply Like
  • kcr357
    , contributor
    Comments (567) | Send Message
     
    This is what I don't understand.
    "Healthcare costs were spiraling out of control, we had to do something."

     

    "That something is making costs rise even higher than before!"

     

    "Yeah, but at least we did something."
    21 Jan 2014, 09:43 AM Reply Like
  • Hendershott
    , contributor
    Comments (1622) | Send Message
     
    The ACA is not raising medical costs, quite the opposite. Premiums are rising and deductibles are falling but that's not new. That's been the trend for many years.
    21 Jan 2014, 10:02 PM Reply Like
  • sarichter
    , contributor
    Comments (453) | Send Message
     
    That won't satisfy the anti-everything-govern... While I agree with many posters prior about the fact that this legislature isn't perfect (and in some ways a complete mess), it's going to end up allowing this country to take steps in the right direction relative to healthcare. It might be one step back, but it will lead us two steps forward.
    21 Jan 2014, 10:22 PM Reply Like
  • justaminute
    , contributor
    Comments (918) | Send Message
     
    "It might be one step back, but it will lead us two steps forward." - Nope.
    21 Jan 2014, 11:55 PM Reply Like
  • chopchop0
    , contributor
    Comments (4009) | Send Message
     
    "The ACA is not raising medical costs, quite the opposite"

     

    In fact the ACA has no effects on medical costs AFAIK. It will however increase healthcare spending as more people come into the system insured and seek care.
    22 Jan 2014, 12:16 AM Reply Like
  • justaminute
    , contributor
    Comments (918) | Send Message
     
    Spending will probably remain neutral. With much higher deductibles, people will, due to the cost of a procedure, postpone it.
    22 Jan 2014, 12:25 AM Reply Like
  • Rope a Dope
    , contributor
    Comments (664) | Send Message
     
    Deductibles are falling? Where are you getting this info?

     

    You cannot control medical costs through the insurance industry and any attempt to do so will fail. The ACA addresses insurance costs but does nothing to address the fundamental reasons the costs of medical procedures have been, and will continue to rise as market conditions warrant.

     

    I’ll end this with some memorable Obama quotes.

     

    The health-care law “does not grow the deficit by a single dime.” (correct; $1.3 trillion over 10 years is not a single dime)
    The health reform mandate tax “is absolutely not a tax increase.” (it is the largest tax increase in the history of planet Earth)
    “If you like your doctor, you will be able to keep your doctor, period. If you like your health-care plan, you’ll be able to keep your health-care plan, period. No one will take it away, no matter what.” (Lie of the year)
    “I will sign a universal health care bill into law by the end of my first term as president that will cover every American and cut the cost of a typical family's premium by up to $2,500 a year.” (runner-up for lie of the year)
    “Obviously, we didn't do a good enough job in terms of how we crafted the law.” (Really? I hadn't noticed. Maybe you should have read it first)
    22 Jan 2014, 05:37 AM Reply Like
  • getreal10000
    , contributor
    Comments (243) | Send Message
     
    Some of the most solid reporting on Obamacare has been done by Bloomberg's Megan McArdle. She has a new piece out today, on how the law may be beyond rescue and why. She also offers a glimpse into how it might play out in the future, which is tricky to predict due to all the delayed provisions. But what happens when they actually kick in? More chaos, disruption, cancelled policies, higher costs and narrow provider networks - and that's just for starters.

     

    Too many people are supporting this law for what it's supposed to do, and not for the reality of what is actually happening.

     

    For the poster who said ACA opponents are uninformed, you might want to read this.
    http://bloom.bg/LGkgni
    22 Jan 2014, 11:59 AM Reply Like
  • Hendershott
    , contributor
    Comments (1622) | Send Message
     
    I meant to say deductibles are rising, apologies. I believe the problem with the ACA and the "system" we had, is that healthcare in the US is expensive, very expensive, maybe prohibitively expensive. We spend over $8k per person per year in this country. For a family of four your bill is about $33k a year or $2750 a month. The $8k per person includes a lot of people that don't get care for various problems because they can't afford it until they get to medicare, which isn't free by the way. We have already been paying the $8K by the way, in one form or another.
    22 Jan 2014, 05:32 PM Reply Like
  • Rope a Dope
    , contributor
    Comments (664) | Send Message
     
    Well that I would agree with but Obamacare still fails to address the root causes of the high cost of health care.

     

    I can’t find any reference or proof where this administration made a wholesale effort to approach doctors, hospitals, pharmaceutical companies, or medical equipment manufacturers for input on what they could do to lower health care costs in the US. They approached the insurance companies and half of this legislation was written by the insurance industry. Obamacare doesn’t address one single component of actual health care costs.

     

    Why does the EXACT same prescription cost $100 in the US, $80 in Canada, and $40 in South America, and what does Obamacare do to address this inequality? The answer to the last part is ‘nothing’. The only answer I can give to the first part is that Americans are paying higher prescription rates because someone thinks we are wealthy and therefore responsible for subsidizing health care to the rest of the planet.

     

    What does Obamacare do to address the high cost of malpractice insurance (admittedly falling but still high) and the battery of unnecessary tests doctors are now using to protect themselves from frivolous lawsuits? The answer is nothing.

     

    Here is personal anecdote regarding something that happened to me a few months ago. I had bronchitis which to me is no big deal, but the moment I noticed fluid building in my lungs, I immediately went to the doctor’s office. I dropped my insurance a while back so when I went to pay, I was only charged $45 instead of the normal $65 fee, because I did not have insurance. The doctor had ordered a chest x-ray at a separate facility and when I went there they told me the cost was $200 and asked for my insurance card. When I told them I did not have insurance, they told me the cost was $80. So I saved close to 53% because I did NOT have health insurance. Maybe Obamacare should have gutted the insurance industry to lower health care costs.

     

    Obamacare is attempting to control health care costs by telling doctors and hospitals what the reimbursement rates will be, and that approach will never work.
    23 Jan 2014, 04:34 AM Reply Like
  • smitsky
    , contributor
    Comments (275) | Send Message
     
    My friend is still having problems signing up for Obamacare! I'm convinced these people are totally inept!!
    23 Jan 2014, 06:48 AM Reply Like
  • Rope a Dope
    , contributor
    Comments (664) | Send Message
     
    If someone told me I have a choice between Obamacare and Bubonic Plague, I’m going to go with the plague.

     

    I wasn’t aware of this but there has been a law in place since 1993 allowing states to seize the assets of Medicaid recipients after death. This hasn’t been widespread before but with millions expected to be added (forced, in some cases) to Medicaid under Obamacare, property seizures are expected to pick up dramatically.

     

    It seems each day, a new and horrendous aspect of Obamacare is uncovered.

     

    http://fxn.ws/KOIqf6
    23 Jan 2014, 01:45 PM Reply Like
  • justaminute
    , contributor
    Comments (918) | Send Message
     
    So people who run up $250,000 in medical bills upon death are supposed to screw the taxpayer to cover the cost? I don't understand your point.
    23 Jan 2014, 10:05 PM Reply Like
  • Rope a Dope
    , contributor
    Comments (664) | Send Message
     
    You can’t call anything insurance if the government comes back and takes your house or car after you kick the bucket; that’s called a loan.

     

    Obamacare changed Medicaid eligibility requirements and there a lot of people who have assets but low income so they qualify for Medicaid. There is an income level that separates eligibility requirements for Medicaid from a subsidized health insurance plan. Assets are no longer taken into consideration so in some cases, people could be forced onto Medicaid even if they have significant assets. Obama should have added the lie ‘if you like your house, you can keep your house’.

     

    Obamacare forcing people with assets onto Medicaid rolls may only represent a small portion of the population, but it is entirely wrong to do this. There is no freedom of choice and that is something that has defined America since day one.
    24 Jan 2014, 05:15 AM Reply Like
  • justaminute
    , contributor
    Comments (918) | Send Message
     
    I'm not a fan of the ACA. That said:
    "You can’t call anything insurance if the government comes back and takes your house or car after you kick the bucket; that’s called a loan."
    That happened prior to the ACA with insurance companies. If your portion of the bill, due to the type of coverage you had, exceeded that funds you had to pay it, they come after your other assets - even upon death.

     

    "Obamacare forcing people with assets onto Medicaid rolls may only represent a small portion of the population, but it is entirely wrong to do this."
    "There is no freedom of choice"
    Nobody is being forced onto Medicaid. Anyone can still go buy a policy via an insurance company. Only through the exchanges can you gain access to Medicaid via the implementation of the ACA. Now, if you want to take advantage of the ability to go on Medicaid offered by the ACA, like anything, there are rules that come along with a government benefit.
    24 Jan 2014, 08:58 PM Reply Like
  • Bosshogg55
    , contributor
    Comments (108) | Send Message
     
    It has been common knowledge for years that when a Medicaid recipient passes away, the state is permitted to take steps to recover those medical expenses from the decedent's estate. And, they frequently do. That's why people who stand to inherit things (like a house) from relatives on Medicaid, whom they have financially subsidized with their own care over the years, do special estate planning relating to the estate assets before that Medicaid recipient dies. This is nothing new.

     

    The other observation I need to make is that all of this argument over the national deficit is a bunch of nonsense. The government does not do business and keep financial records in conformance with generally accepted accounting principles as they apply to government entities. There are a lot of "off budget" things that are hidden from view (like the Federal Finance Bank operations) that make any calculations of true deficits meaningless. The finances of the federal government are so convoluted and tangled that not even the best "big four" public accounting firm has the ability to figure it out. Whatever it is that the politicians and the government agencies are reporting are highly likely to be sublime compared to the actual truth. One day all of this will come crashing down and there will be widespread poverty and blood in the streets. I hope I am not around when that happens-- but, unfortunately, your sons and daughters will be!
    24 Jan 2014, 11:40 AM Reply Like
  • Rope a Dope
    , contributor
    Comments (664) | Send Message
     
    Boss, you’re right; the ability of states to seize assets has been on the books since 1993; I had just never heard of it before. But with Obamacare forcing people onto Medicaid, it is becoming more common and yes, adequate financial planning is in order for people with assets. I understand the need for states to recover costs; the problem I have with it is the way it is being packaged and sold.

     

    Here are 2 links to articles regarding the real US Debt ($200 trillion) and an attempt to get the government to report the true numbers with the hope Americans might finally realize we are beyond broke and that it is imperative we rein in debt immediately.

     

    http://bit.ly/1c8EMEO

     

    http://bit.ly/1cZqQPC

     

    Maybe if more Americans (and 1 Canadian) were properly informed about how insolvent we really are, people would stop voting for Socialist policies.
    24 Jan 2014, 12:53 PM Reply Like
  • justaminute
    , contributor
    Comments (918) | Send Message
     
    "But with Obamacare forcing people onto Medicaid" - again, nobody is being forced onto Medicaid.
    24 Jan 2014, 09:01 PM Reply Like
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