Seeking Alpha

States may provide extensions for 2014 Obamacare coverage

  • A number of states that operate health-insurance exchanges could allow consumers to buy coverage for 2014 after next Monday's deadline.
  • Part of the reason is that some states are sill suffering technical problems, including Nevada and Oregon.
  • The new extensions would follow the massive delays and technical problems that hit the launch of Obamacare late last year.
  • The federal government hasn't yet said whether those purchasing plans on its Web site will receive more time.
  • Consumers who don't buy coverage for next year face fines of $95 or 1% of their incomes.
  • Meanwhile, insurers around the country are on a drive to sign people up.
  • More on Obamacare
  • Health insurers: 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 (1)
  • JoeCoolTrader
    , contributor
    Comments (19) | Send Message
     
    Like momentum stocks, insurers' bottom line seem to depend on hope of signing up new younger consumers. However, with older population growing and retiring, insurers' profit margin might be thinner than most investors are expecting.
    25 Mar 2014, 08:22 AM Reply Like
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