Obamacare Swings for the Fences

There's only around three months to go before Obamacare's individual insurance exchange open to the public, but reform has a lot of ground to make up in order to ensure a successful rollout. A number of necessary activities are behind schedule for the initiative, but worse, Obamacare is facing a dearth of the type of insurance consumers it needs most -- young, healthy individuals who can help offset the program's high costs of at-risk customers, such as those with pre-existing conditions.

Questions about the likely rising costs of insurance under reform have already spurned insurers to exercise caution, first displayed when UnitedHealth Group (NYSE: UNH  ) , Cigna (NYSE: CI  ) , and Aetna (NYSE: AET  ) decided not to participate in California's individual exchanges next year in order to avoid a murky and potentially costly future.

With time running short, the administration reportedly is turning to a new source to get the word out to its target audience: pro sports. The Department of Health and Human Services has looked into teaming up with sports leagues such as the National Football League to promote health care reform; but will this move attract enough young people to purchase insurance, or are insurance companies and investors going to have to live with higher costs and the resulting impact on their financials? Motley Fool contributor Dan Carroll gives you the details on Obamacare's Hail Mary pass below.

Obamacare will undoubtedly have far-reaching effects. The Motley Fool's new free report, "Everything You Need to Know About Obamacare," lets you know how your health insurance, your taxes, and your portfolio could be affected. Click here to read more. 

Read/Post Comments (10) | Recommend This Article (5)

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  • Report this Comment On July 01, 2013, at 11:36 AM, Hjin wrote:

    Old news. NFL already declined to participate. Other leagues are expected to follow suit.

  • Report this Comment On July 01, 2013, at 11:40 AM, sabebrush6 wrote:

    You can be assured of 4 things:

    1. It will be the FUBAR of the century.

    2. You will pay & pay & pay. Trust me on this one.

    3. Since the IRS is involved, your bank acct. will be compromised.

    4. You should be very, very affraid.

  • Report this Comment On July 01, 2013, at 11:42 AM, 2smartforlibs wrote:

    Since when do you have to sell something everyone wants? That's right no one with a brain wants this and the lowest common denominator isn't going to make it better. Keep throwing the Obama care money at unions to sell it

  • Report this Comment On July 01, 2013, at 11:43 AM, cc49er wrote:

    And how do these athletes and movie stars even have a clue as to how this will affect your life? They do not care. Its a sad state we are in here.

  • Report this Comment On July 01, 2013, at 12:04 PM, playgtr wrote:

    The American people, or at least the majority, wanted this catastrophe because they re-elected OBozo. Now where are all the comments from those that voted for him? You can almost hear the squealing from all of the hip young generation who are going to get squeezed to pay for their health insurance who voted mostly for him and his corrupt administration. I have no sympathy for this nation of so many fools who asked for more of what Obama delivered his first term. Now it's scandalmania because the press has been so unwilling to do their job. Thank goodness for the internet and talk radio as tyrants hate the free flow of information.

  • Report this Comment On July 01, 2013, at 12:05 PM, 4disobedience wrote:

    Lets take a cue from the "illegal" immigrants. They break the law en masse. Let "we the people" do the same thing with Obamacare.

    If we "all" ignore it what can they do? Make our actions ok like they want to do with the "illegals"

  • Report this Comment On July 01, 2013, at 12:13 PM, MikeLanders wrote:

    No one with a brain and the objectivity to think for them selves and looks outside the US, can see the success of Universal health care. since the 2nd WW every industrialized nation has turn to government control to rid the people of the greed and injustice of privatized health care.

    There is little or no evidence of strong public pressure for the removal of subsidies or the privatization of health care in those countries. The political distaste for government involvement in health care in the U.S. is unique counter to the trend found in other developed countries

    A 2008 survey of doctors, published in Annals of Internal Medicine, shows that physicians support universal health care and national health insurance by almost 2 to 1.

  • Report this Comment On July 01, 2013, at 12:49 PM, OdooshBag wrote:

    I'm stupid and LOOOOOOOVE 0bamacare.

  • Report this Comment On July 01, 2013, at 1:26 PM, Franlie wrote:

    To my chagrin, Obama was re-elected. Was it because everyone discovered they were really liberals at heart, or was it because Obama promised to do everything, but wipe their butts?

    I believe the two main reasons were that he did indeed promise the world, but knew he couldn't and wouldn't deliver making him a liar... what a surprise.

    And secondly, he had a machine working behind the scenes that turned out the vote like nobody's business. I think every dead person, illegal alien and convict in the U.S. turned out to vote, all with the visions of sugar plum fairies dancing in there heads. I guess that's also why gay marriage surged to such importance, because it is such an American ideal... be proud.

    And now... Obamacare... yeah, what a gift to the people. It started with lies and will be implemented with even greater lies than even the great Obama could imagine. If his goal was to destroy the U.S, from within, he is a monumental success, the greatest flim flam salesman in history. We have insurance that no one can afford, no one wants and will cost untold jobs, cutbacks and layoffs... BUT, the government will grow and after all isn't that what this is all about?

    We have another three years to see what will unfold, or unravel, as you wish and the prospect of Hillary Clinton on the horizon in 2016... Oh joy!

    Can the fall of a once great nation be far away?

  • Report this Comment On July 01, 2013, at 2:01 PM, jpendragon wrote:

    The nation has already fallen under this depraved government!I cannot afford to live in this country anymore. Enough is enough!

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