Seeking Alpha

Obamacare - millions could buy catastrophic coverage for an extra two years

  • The government last week "quietly excused millions of people from the requirement to purchase health insurance or else pay a tax penalty," the WSJ discovers after being alerted to a change buried deep in a technical bulletin.
  • Americans whose coverage was cancelled because of Obamacare are allowed to "opt out of the (individual) mandate altogether" until 2016 under certain conditions that seem to be fairly lax. That opt out was only supposed to last a year.
  • However, these people would have to enroll in catastrophic coverage, which was initially designed for the under-30s and "the truly down and out."
  • Meanwhile, 940,000 people signed up for Obamacare plans in February, bringing the total to 4.2M.
  • More on Obamacare
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Comments (10)
  • Jake2992
    , contributor
    Comments (831) | Send Message
     
    The penalty is so small in the first few years, it would have been very effective anyway.

     

    More importantly, the law is working despite Republicans best efforts to drive up medical costs for their billionaire donors by delaying implementation.
    http://lat.ms/1ghHfAT
    12 Mar 2014, 09:25 AM Reply Like
  • Rope a Dope
    , contributor
    Comments (664) | Send Message
     
    Yeah, it's working so well it's only been changed 30 some times.
    12 Mar 2014, 09:38 AM Reply Like
  • Rope a Dope
    , contributor
    Comments (664) | Send Message
     
    Here's a lady who is going to be 'penalized' by losing her life.

     

    http://fxn.ws/On1N0g

     

    Yeah, the Obamacare penalties are small. I guess a few thousand people losing their life because Obama is a retarded narcissist is a small price to pay so that the majority of Americans can face higher insurance costs and higher premiums. You Liberals are brilliant, just brilliant.
    12 Mar 2014, 03:37 PM Reply Like
  • kbunn
    , contributor
    Comments (2) | Send Message
     
    The law is working???? Are you kidding??? Rates are rising and of the roughly 4.9 million who have "signed up" noly 500K were previously uninsured... You can't be that dumb.
    21 Mar 2014, 04:14 PM Reply Like
  • Rope a Dope
    , contributor
    Comments (664) | Send Message
     
    "You can't be that dumb"

     

    You should read some of his other comments; you may wish to retract that statement.

     

    BTW - welcome to SA.
    21 Mar 2014, 04:17 PM Reply Like
  • fuzzymc
    , contributor
    Comments (176) | Send Message
     
    Free healthcare is not free, the way to fix healthcare is to stop giving it for free, how many people do you think would vote for that?
    12 Mar 2014, 10:10 AM Reply Like
  • thefuture007
    , contributor
    Comments (33) | Send Message
     
    Jake ,obumma is socializing people and you don't seem to care,so your a Socialist my guess.Saying it's Republicans Fault..really.? how many people jake on Food stamps/extended unemployment,Now with AFC hiring is PT vs FT jobs, because of Democrats socializing them,Extending unemployment benefits,yup more socializing..hmm Illegal Immigrants 11 million Criminals Jake,they use healthcare,Democrats don't deport them and actually give them drivers license in california so they can get to work.Oh and the Minimum Wage liberal bleeding heart effort to raise for votes,yup more Socialism Jake,Yeah Jake splatter some BS about people,Republicans/Tea... who are actually part of the solution,defund obummacare vs part of that problem" Socialism",illegally change it to suit obumma's socialist agenda.More people Jake means higher prices/costs..and Jake is penalzing someone for not having Healthcare to subsidize someone else not abit nuts ,even to you....?I am sorry if my FACTS seem abit confusing,stop buying into the Liberal socialist agenda and Act like an American and vote like one.!!Happy Trails
    12 Mar 2014, 11:06 AM Reply Like
  • StopPrintinMoney
    , contributor
    Comments (272) | Send Message
     
    The King has spoken - y'all can keep your plans (if you like them) for two years - just enough to get through the mid-term elections, but it's just a coincidence.

     

    in the meanwhile, BTFATH, this jobless recovery is awesome !
    12 Mar 2014, 12:06 PM Reply Like
  • justaboutthestockprice
    , contributor
    Comments (4) | Send Message
     
    Where are they going to buy the catastrophic insurance? UNH maybe? Better than $0
    16 Mar 2014, 10:17 PM Reply Like
  • StopPrintinMoney
    , contributor
    Comments (272) | Send Message
     
    You can't buy it any longer, you can only temporarily (!) KEEP it if you had it before.
    Remember - if you like your plan, you can keep it. NOT !
    17 Mar 2014, 09:26 AM Reply Like
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