Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Survey: Health Care Investors Expect Low Obamacare Enrollment
Wall Street Cheat Sheet ^ | 9-19-13 | Meghan Foley

Posted on 09/21/2013 9:06:21 AM PDT by smokingfrog

The Congressional Budget Office has estimated that 7 million Americans will enroll in the online exchanges created by the Affordable Care Act’s individual insurance mandate when the marketplaces open on October 1. But investors surveyed by Citigroup have a much lower forecast: 4 million. The expected problem is not unawareness of the law’s requirement that all Americans who can afford to buy healthcare insurance must do so, or confusion about how to sign up for coverage, or even distaste for the mandate; rather, the survey showed that investors are concerned that technical glitches will present obstacles to enrollment, Reuters reports.

Of the 4 million Americans the surveyed investors expect to sign up for coverage, between 2 million and 3 million are projected to be previously uninsured. In comparison, the CBO predicted that 7 million individuals will enroll, of which 4 million were previously uninsured.

A total of 48 million Americans were uninsured as of 2013.

One of the primary reform aims of the Affordable Care Act was to ensure every American was insured, and the primary vehicle of that goal is the state-run or federally-facilitated exchanges.

The exchanges allow consumers to comparison-shop for health insurance policies in online marketplaces, which were designed to give consumers collective bargaining power that will foster competition and drive down prices. To keep the insurance plans offered on the exchanges affordable, Americans, whose employers do not offer insurance and who make between 100 percent and 400 percent of the federal poverty line, which tops out at around $45,960 for an individual and $92,000 for a household of four, will be given a federal tax credit to subsidize the cost.

But to determine whether an applicant qualifies for the subsidy or is eligible to buy medical coverage on the exchanges, the databases of seven U.S. Agencies..>

(Excerpt) Read more at wallstcheatsheet.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: obamacare; obamacareexchange; thehub; uninsured
So we turned our health care industry upside-down for this?
1 posted on 09/21/2013 9:06:21 AM PDT by smokingfrog
[ Post Reply | Private Reply | View Replies]

To: smokingfrog

They will have low enrollment because for the first time many low-information voters will realize they HAVE TO PAY FOR SOMETHING. I work with an Obama voter who was under the impression that he was going to get an “ObamaCare Health Insurance” ID card that was merely another perk paid for by white people; when I explained how it worked (buy insurance or pay a penalty) his face fell. I don’t know whether or not he believed me about the coerced buying or fine, but he had no doubt there was no free health insurance card in the mail...


2 posted on 09/21/2013 9:14:19 AM PDT by kearnyirish2 (The talking heads have admitted is economic war against white males (and therefore white families).)
[ Post Reply | Private Reply | To 1 | View Replies]

To: smokingfrog
I keep thinking the same thing. They tried to remove a bug splat from the windshield and have ruined the whole car.

I don't understand this: The exchanges allow consumers to comparison-shop for health insurance policies in online marketplaces, which were designed to give consumers collective bargaining power that will foster competition and drive down prices.

Didn't every state already have a regulated market for insurance? Was there something that prevented consumers from doing their own independent comparison shopping among alternative policies?

To err is human, but to really screw things up requires a design committee of bureaucrats.

    — Henry Spencer

3 posted on 09/21/2013 9:18:10 AM PDT by ProtectOurFreedom
[ Post Reply | Private Reply | To 1 | View Replies]

To: kearnyirish2

Many of them that could afford to buy insurance probably won’t, because they’d rather spend their money on the latest iPhone - or something.


4 posted on 09/21/2013 9:23:36 AM PDT by smokingfrog ( ==> sleep with one eye open (<o> ---)
[ Post Reply | Private Reply | To 2 | View Replies]

To: kearnyirish2

That is the thing that has struck me as well - the complete gullibility of these people who buy every word that Øbozo spews. There’s still a lot of defiant skepticism to the truth but increasingly I see the look of mild horror as the truth creeps in.

They’ve been lied to and sold a handful of “magic” beans, but there’s no beanstalk on the horizon and no happy ending in store.


5 posted on 09/21/2013 9:25:38 AM PDT by rockrr (Everything is different now...)
[ Post Reply | Private Reply | To 2 | View Replies]

To: smokingfrog
What happens when someone buys their insurance in one state, but spends a lot of their time in another? There are going to have to be all kinds of provisions for when one gets sick away from home.

Let's say hypothetically one is stuck in a state with lousy medical care. What's to stop them from going somewhere else with better medical care and showing up at that emergency ward because they're "on vacation"?

I can just see a whole lot of low-income, low-health invaders showing up in the elite's local hospitals for medical care and Obamacare covering it.

6 posted on 09/21/2013 9:29:29 AM PDT by grania
[ Post Reply | Private Reply | To 1 | View Replies]

To: ProtectOurFreedom

You can only buy Health Insurance from a company that does business in your state, but there are sizeable cost disparities between the states. I’m guessing that a lot of this has to do with some states having passed tort reform laws, that limit monetary awards for malpractice. But since the democrats are heavily supported by trial lawyers, they would never support any kind of tort reforms that would lower the cost of insurance.


7 posted on 09/21/2013 9:29:49 AM PDT by smokingfrog ( ==> sleep with one eye open (<o> ---)
[ Post Reply | Private Reply | To 3 | View Replies]

To: grania

good question


8 posted on 09/21/2013 9:31:18 AM PDT by smokingfrog ( ==> sleep with one eye open (<o> ---)
[ Post Reply | Private Reply | To 6 | View Replies]

To: ProtectOurFreedom
Curious. Where do all of the uninsured go after their employers drop them from their plans?

Remember that we are all now forced to have insurance otherwise the IRS will be on our arses.

We had our employee insurance review meeting last week. They are continuing to provide health insurance but we are going to have to pay more for fewer benefits.

Also, the fine for not having insurance will start at $95 first year and ramp up dramatically in follow years. Someone mentioned $2000.

Also, the company plan will have to be a “qualified plan” approved by the Feds and the employer will have to provide a “1099” like statement when we do our taxes in 2015.

Also, the exchanges will be a lot more expensive than a company provided plan.... of course. But that is an option for us.

Another point, now that the Feds will know exactly how much our company is paying for our insurance, expect Washington to start talking about taxing that insurance.

9 posted on 09/21/2013 9:35:51 AM PDT by dhs12345
[ Post Reply | Private Reply | To 3 | View Replies]

To: smokingfrog

Obamacare Waiting Room

10 posted on 09/21/2013 9:40:58 AM PDT by Baynative (Lord, keep your arm around my shoulder and your hand over my mouth.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: smokingfrog
Ah but they will be forced to buy insurance now. Insurance that the young healthy person might not need.

A $2000 tax when Obamacare is fully implemented. $2000 would buy a lot if Iphones.

People are not going to be very happy!

11 posted on 09/21/2013 9:44:51 AM PDT by dhs12345
[ Post Reply | Private Reply | To 4 | View Replies]

To: dhs12345

It seems to me that obamacare is only creating more uninsured people. Employers cutting back hours, limiting themselves to less than 50 employees, or just dropping health insurance as a benefit altogether.


12 posted on 09/21/2013 9:47:18 AM PDT by smokingfrog ( ==> sleep with one eye open (<o> ---)
[ Post Reply | Private Reply | To 9 | View Replies]

To: grania

Let’s be clear about one thing: one of the inevitabilities about health care in the U.S. — and this has nothing to do with ObamaCare — is that there is little or no incentive for any hospital to have an emergency room. I expect the whole concept of an “emergency room” to either change dramatically or disappear completely from our society.


13 posted on 09/21/2013 9:53:48 AM PDT by Alberta's Child ("I've never seen such a conclave of minstrels in my life.")
[ Post Reply | Private Reply | To 6 | View Replies]

To: smokingfrog
Exactly! The new standard thanks to Obamacare.
14 posted on 09/21/2013 9:56:58 AM PDT by dhs12345
[ Post Reply | Private Reply | To 12 | View Replies]

To: smokingfrog

“Many of them that could afford to buy insurance probably won’t, because they’d rather spend their money on the latest iPhone - or something.”

No doubt; one I work with that is always crying poverty has a tablet that is worth more than my car. Some of them have reached the point where they have to start paying taxes for the first time, and they don’t like it; they’re “golden ticket” bastards are too old to claim as exemptions (they have their own “golden ticket” bastards now as well), and now some of the freebies are disappearing (larger gubmint apartments and such).

They really are childlike in their ignorance & dependence; when they demolished nearby housing projects (less than 40 years after evicting an Italian neighborhood to make way for them), one asked me where all those people were going to live. I asked them why the government should be concerned with that, as nobody ever checked to make sure I had a place to live. Same dumb uncomprehending blank stare...


15 posted on 09/21/2013 10:05:34 AM PDT by kearnyirish2 (The talking heads have admitted is economic war against white males (and therefore white families).)
[ Post Reply | Private Reply | To 4 | View Replies]

To: rockrr

“That is the thing that has struck me as well - the complete gullibility of these people who buy every word that Øbozo spews.”

Obama never told them they’d be getting another freebie from whitey in the mail; that was what they WANTED TO HEAR. Obama said everybody would have healthcare; he never said they’d get it for free. The low-information voters responded as dumb livestock, and the truth won’t hit them until money leaves their hands.


16 posted on 09/21/2013 10:08:15 AM PDT by kearnyirish2 (The talking heads have admitted is economic war against white males (and therefore white families).)
[ Post Reply | Private Reply | To 5 | View Replies]

To: smokingfrog

Why should young kids with no employment prospects sign up for govt healthcare if they can stay on their parents plan?


17 posted on 09/21/2013 10:10:04 AM PDT by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

One can only laugh at and ridicule the LIBs & DIMs as this fraudulent program unfolds. Bwaahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaaaaaaaaaaaaaaaaaaaa...Fools!


18 posted on 09/21/2013 10:16:18 AM PDT by hal ogen (First Amendment or Reeducation Camp?)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Red in Blue PA

They probably won’t — even if they do manage to find a job, they can still stay on the same health plan as their parents until they’re 26, can’t they?


19 posted on 09/21/2013 10:19:15 AM PDT by smokingfrog ( ==> sleep with one eye open (<o> ---)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Baynative

Where the h*ll did that image come from?


20 posted on 09/21/2013 10:22:19 AM PDT by SoCal Pubbie
[ Post Reply | Private Reply | To 10 | View Replies]

To: smokingfrog
Obamacare has more holes than a strainer and the free lunch crowd is in for a big surprise. Pay up, Suckers.
21 posted on 09/21/2013 10:36:28 AM PDT by JPG (Putin Does Obama.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: smokingfrog

This is why the commie ‘RATS are so desperate to have the “rebranded” RINOs pass an amnesty scheme. The illegal aliens are needed to save ObamaCare.


22 posted on 09/21/2013 10:51:13 AM PDT by FlingWingFlyer (The time for impeachment has come.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: smokingfrog

The only sane applicants will be those Americans with incomes beneath whatever arbitrary figure the Obamanites establish so that their ‘premiums’ are subsidized (in English, they pay very little or nothing).

Our Soviet class is counting on productive members of society signing up so they can hitch them to pull the Affordable Care act wagon.


23 posted on 09/21/2013 11:23:43 AM PDT by tumblindice (America's founding fathers: All armed conservatives.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SoCal Pubbie
"Where the h*ll ...?"

It's in this archive of old pictures.

24 posted on 09/21/2013 11:42:13 AM PDT by Baynative (Lord, keep your arm around my shoulder and your hand over my mouth.)
[ Post Reply | Private Reply | To 20 | View Replies]

To: tumblindice

“...The exchanges allow consumers to comparison-shop....”

I went on our state’s website and it came up with a list of providers. Then click on the pdf form for each provider. Close that, open another, etc. A tough way to “comparison” shop. And while my insurance rates are going to jump another $200/mo. in Jan. (from $350 to over $1100 in 3 years!!), it looks like it will still be cheaper than the “affordable care” insurance.


25 posted on 09/21/2013 11:49:49 AM PDT by 21twelve ("We've got the guns, and we got the numbers" adapted and revised from Jim M.)
[ Post Reply | Private Reply | To 23 | View Replies]

To: grania

“I can just see a whole lot of low-income, low-health invaders showing up in the elite’s local hospitals for medical care and Obamacare covering it.”

I’ll tell you exactly where that leads: here in NJ we’ve closed hospitals (including the one in my town) because the law required them to treat illegal aliens. As the state gradually cut the “charity care reimbursement” for such care, the hospitals closed. In some cases they still function as a medical facitlity of some sort or other (long-term care or physical therapy, for example), but NOBODY is getting treatment without an appointment (after submitting the proper insurance documents, by the way).

I’ve used this example as a demonstration of how the state is winning it’s war on the Church; they have the power to tax the Catholic schools and hospitals out of existence (eliminating their competition). In NJ the state has been wildly successful...


26 posted on 09/21/2013 1:01:49 PM PDT by kearnyirish2 (The talking heads have admitted is economic war against white males (and therefore white families).)
[ Post Reply | Private Reply | To 6 | View Replies]

To: smokingfrog

how can you enroll in it if all you can do is part time work, no matter you have 20 years experience in your field. And now you are working Part time emptying out houses to be destroyied because your job let you go because of 0’care?


27 posted on 09/21/2013 6:46:31 PM PDT by GailA (THOSE WHO DON'T KEEP PROMISES TO THE MILITARY, WON'T KEEP THEM TO U!)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson