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Obamacare: The State of State Exchanges

With 100 days to go before the Obamacare insurance exchange rollout on Oct. 1, let's take a look at the state of these state-based exchanges. This is a key part of the legislation, as it will create competition between insurers and use the free market to drive costs down.

In this video, health-care analyst David Williamson discusses where progress stands on the exchange buildout, along with why most major insurers are cautiously approaching the concept instead of jumping fully onboard.

Still in the dark about how Obamacare might affect you and your portfolio? Don't worry -- you're not alone. To help prepare investors for the massive changes coming to the American health care system, The Motley Fool created a special free report that makes this complex topic easily understandable. Download "Everything You Need to Know About Obamacare" and discover how the law may impact your taxes, health insurance, and investments. Click here for your free copy today.

Follow David on Twitter: @MotleyDavid.

Read/Post Comments (7) | Recommend This Article (1)

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  • Report this Comment On June 24, 2013, at 8:34 PM, Dadw5boys wrote:

    HMOs should never have been given control of Medical Care !

    It still makes me sick to hear the Nixion HMO Tapes where Collusion to Defraud the American People was discussed.

    " HMO will CHARGE MORE for Health Insurance and PAY FOR LESS Medical Care. "

    Then HMOs taught Doctor to practice Health Care instead of Medical Care !

  • Report this Comment On June 24, 2013, at 9:47 PM, doco177 wrote:

    1. Millions are and will lose the insurance Obama promised they could keep. Because ObamaCare forces employers to offer expensive Cadillac plans but also offers the option of paying a fine for not providing health insurance that can be cheaper than providing it, between seven and twenty million Americans are likely to lose their health insurance coverage according to the Congressional Budget Office. The original estimate was closer to four million.

    2. The cost of healthcare premiums is about to further skyrocket. Premium costs have already exploded, but that is a slow-motion explosion. In the near future, we could see costs double or worse. Naturally, these costs will hit an already burdened middle class hardest.

    3. Lost jobs. Lost jobs.

    The Federal Reserve's March beige book on economic activity noted that businesses "cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff."

    Meanwhile, human resources consulting firm Adecco found that half of the small businesses it surveyed in January either plan to cut their workforce, not hire new workers, or shift to part-time or temporary help because of ObamaCare.

    4. Potential doctor shortages that will mean rationing: The healthcare industry is already a bureaucratic quagmire. ObamaCare is about to add steroids. As the profession becomes tyrannized by government, the talented people currently practicing medicine plan to get out sooner than expected. Who knows how many will choose not to get in.

    Doctor shortages are what lead to the nightmare known as rationed care. Here's an unsettling example already being practiced.

    5. Somewhere around $800 billion in tax increases will hit America's middle class. This added burden will not only further oppress a middle class already reeling from a drop in wages over the last few years, but could damage the overall economy.

    6. Inflation, the cruelest tax on the poor. When businesses get socked with added costs brought about by higher taxes and burdensome government mandates, they pass those cost along to the consumer in the form of higher prices.

    7. Added bureaucracy. Even those Obama lapdogs over at the Washington Post's Wonk Blog are admitting that applying for health care is about to get more burdensome than the byzantine paperwork involved in buying a home.

    8. To cut costs or to avoid having to provide insurance, workers on the economic margins are already losing hours, which means a lower paycheck. There are a million sad stories in ObamaVille; here are just a few of them.

    9. ObamaCare is projected to add $6.2 TRILLION to a deficit the GAO has already declared "unsustainable." That's "trillion" with a "t".

    10. More taxes than currently estimated are likely to hit because of situations like this one.

    11.Muslims, Amish and several other groups are exempt from mandate and penalties under Obamacare that the rest of us have to pay.

    The govt becoming more involved in health care is the reason the costs have increased. So Govt creates a crisis, then provides a solution that comes at the expense of liberty and freedom, costs trillions, and by most accounts won't solve the problem but in fact make it far worse.Corruption, incompetence, disregard of the Constitution, and lying are integral to the way that this country is being run.

    Three years ago, Obama, Democrats, and his media lied to us about cutting the cost of health care, being able to keep our insurance, and not taxing the middle class.

    Today, those lies and what ObamaCare is and will do to the working and middle class are the biggest untold story in America.

    Just refuse obamacare..REFUSE..If only a mere 20% of the over 300 million population of the USA refuse Obamacare the government would be overwhelmed to even think they could lock every citizen up that refused to participate in the most corrupt and unlawful ways which it was passed that circumvented the constitution of the United States.

  • Report this Comment On June 24, 2013, at 10:50 PM, strifle wrote:

    And in spite of this read I found a decent policy for $238 per month. Something that would not happen in the past 10 years. I also found a competitive attitude within the agency I purchased through. Somewhat defensive and reluctant but competitive.

  • Report this Comment On June 25, 2013, at 12:12 AM, therylmccoy wrote:

    I wouldn't call Obamacare's forced policy revisions 'cadillac' plans. The old insurance policies were a joke and necessarily had to be replaced with more compassionate policies.

    We need to go after the overcharging hospitals next. Why should my insurance company pay $25 for a single aspirin, or $77 for a box of gauze?

  • Report this Comment On June 25, 2013, at 7:17 AM, ce185 wrote:

    The sky is falling! The sky is falling!!!!!!

  • Report this Comment On June 25, 2013, at 7:36 AM, yourdimes wrote:

    Another stock pick from the motley fool at a time when nobody should touch stocks. Stocks are the next industry (yes ALL stocks) to crumble but why not try to entice a few more suckers in prior to the handouts to wall street drying up, the fool is no fool but thinks we all are real idiots. The fact that the average employer pays close to $12000 for a health plan with maximum out of pocket costs of $10,000 should tell you the party is over for an a industry that serves no purpose but to make profit from fear and stupidity. It's your money but if it goes to pay for an overpriced health plan it is money you never see paying thousands just in case you get sick, who is really the fool.

  • Report this Comment On June 25, 2013, at 8:22 AM, steve576 wrote:

    Obamacare doesn't bother me, have tricare prime $480 a year family plan, house and senate can't touch/won't touch it. Good luck with your Obamacare, you elected him, deal with it.

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