Obamacare's Health Exchange Application Figures Are In: Do They Signal Success or Failure?

If the success of Obamacare's health exchanges were measured in the number of fingers pointed over the past three weeks since it went live, then its success would be off the charts. Unfortunately, finger pointing doesn't count, and aside from a scant group of 10 state-run exchanges that reported their early stage enrollment figures last week, it's been like pulling teeth trying to get an update regarding enrollment figures at the federally run Healthcare.gov from the Department of Health and Human Services -- until now.

According to an Associated Press report over the weekend, administration officials announced that a combined 476,000 people had submitted applications for health insurance on state and federal exchanges. This figure doesn't give us any information as to whether people completed the application and obtained health insurance, but it's a good starting point.

Breaking it down further, the administration's data notes that a bit more than half of the 476,000 applications have come from the federally run Healthcare.gov, and that, in the interim, it's encouraging people to use call centers to sign up for health insurance. In fact, call center head count has been beefed up by 50% to meet increased questions and demand while technicians continue to work out the numerous architectural flaws in the government-run website.

Finally, we also found out that the number of people who had visited Healthcare.gov through Friday night had risen to 19 million.

Are these numbers good enough?
The big question on everyone's mind, especially with the innumerable glitches many Americans have encountered, is whether Obamacare is succeeding. The answer to that question is both yes and no.

Clearly Obamacare is a success in a handful of states such as New York and Washington, which have seen few state-run health exchange issues. My home state of Washington, for instance, had its health exchange go down on the first day due to an overwhelming amount of traffic but hasn't logged any major problems since.

Obamacare is also succeeding in bringing previously uninsured Americans with preexisting conditions who had been denied by insurers otherwise into the fold. Perhaps not the best news for insurance companies in this respect, it is great news for hospital providers like HCA Holdings (NYSE: HCA  ) , which would expect to see a reduction in doubtful accounts with more of its sick patients being covered by insurance. Last year, HCA wrote off about 10.3% of its revenue as uncollectable because it treated patients who were uninsured or simply couldn't pay their bill. With the individual mandate soon to become an enforceable law on Jan. 1, 2014, the expectation is that lower doubtful account provisions (and thus better margins) could allow HCA to purchase state-of-the-art medical equipment or perhaps repurchase its own shares or initiate a dividend.

These numbers don't add up
Then again, the pace at which consumers are enrolling looks painstakingly slow and bogged down primarily by Healthcare.gov's ongoing glitches.

Let's recall that the administration's figure of 476,000 is for applications, not enrollments! For all we know only half of those people may have completed the application process or even less! Furthermore, the administration has absolutely no plans to update actual enrollment figures before mid-November -- more than likely because it gives HHS time to fix some of the more serious problems with Healthcare.gov.

Based on last week's state-run health exchange enrollment figures obtained through the 10 reporting states, we were able to extrapolate out an enrollment rate through the enrollment cutoff date of March 31, 2014, of roughly 2.8 million people. This figure was more or less in line with previous enrollment forecasts. However, if only about 250,000 people have applied for health insurance through three weeks on federal exchanges, Obamacare's enrollment target of 7 million people is likely to wind up around 2 million people short come the coverage cutoff date!

The good, the bad, and the ugly for your investments
The way it's shaping up right now, insurers, hospitals, and IT companies tied to the federal exchange are probably going to struggle to meet the lofty near-term expectations of shareholders, while those operating predominantly in state-run locales will be in good shape.

If you want a ray of sunshine in this mess, look no further than either WellPoint (NYSE: WLP  ) or Molina Healthcare (NYSE: MOH  ) . Both companies have a stronghold in California with WellPoint's Blue Cross Blue Shield and Molina's low-cost and Medicaid-sponsored plans offering ample choices in the early going for consumers. Although early enrollment in California was disappointing, the expectation all along has been that it would pick up as we get closer to coverage enrollment cutoff date. With few signs of exchange problems in California I'd look for these two companies to impress investors moving forward.

On the other end of the spectrum we've got hospital operator Tenet Healthcare (NYSE: THC  ) which on the surface would like a pedestrian investment that shouldn't be affected too much by the ongoing federal glitches. However, Tenet's hospitals, with the big exception of California, are located primarily in states operating on the federal health exchange. In other words, Tenet shareholders probably shouldn't expect its doubtful accounts provision to drop dramatically anytime soon with enrollment figures pacing well below expectations at the moment.

It could be even uglier for CGI Group (NYSE: GIB  ) as I've touched on previously. It's not that this software developer of Healthcare.gov isn't getting its fair share of pay for its time and effort to construct the federally run website. It's that the negative publicity surrounding the event and its inability to quickly fix what are growing problems in the system could damage its reputation for years to come, possibly costing the company future orders.

A better gauge
The administration's application figures are certainly great to have because it finally gives us some indication of how strongly enrollment and public interest are proceeding. However, I would suggest not getting too caught up in data that's hardly even three-weeks old yet. The main reason is that it's difficult to get consumers to pay for a product that doesn't even go into effect until Jan. 1, 2014. Therefore, a good chunk of visitors to the state and federal sites are likely just gawkers right now. This means a surge in enrollment figures is likely to come on the back half of the coverage period. So while many would be tempted to call Obamacare an utter failure based on these early results, we're still a long ways away from the meat-and-potatoes part of the enrollment period. Until we get well into December and January, it's going to be difficult to decisively call it a victory or failure.

If you have Obamacare questions, we have answers
Health care as we know it is about to change. Do you know how the changes in the health care law will affect you and your portfolio? If not, we're here to help: The Motley Fool has compiled a special new report filled with Everything You Need to Know About Obamacare. This report is a free offer from us to help you get educated on this important subject. Please click here to access your free copy.


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  • Report this Comment On October 22, 2013, at 2:59 PM, Ruckus45 wrote:

    If you think the website was expensive and a failure wait until you see the App...

  • Report this Comment On October 22, 2013, at 3:11 PM, foolishgranny wrote:

    Keep putting that lipstick on this pork.

  • Report this Comment On October 22, 2013, at 3:16 PM, AllenElliott wrote:

    My daughter-in-law said she called the government phone number and was told to go on the intwernet anf sign up on the government web page.

  • Report this Comment On October 22, 2013, at 3:19 PM, hogie10 wrote:

    We just blew billions on Egypt...for no return. Congress just blew 24 billion.. for no return The Tea party supports the notion that the United States intitlements are good for everyone in the world except Americans.The money saved for tax payers by no longer paying the ER bill for the un-insured will more than support any cost of implemting obama care. Just once i want to someone talk about entitlements , all our worldly entitlements, just once. Anyone?

  • Report this Comment On October 22, 2013, at 3:24 PM, DelPat wrote:

    How about the fact that if you dont sign up you will get fined! It doesn't mean we want the insurance, we just dont to be fined! Obamacare is Obamacrap!

  • Report this Comment On October 22, 2013, at 3:25 PM, JePonce wrote:

    What ever happened to the 50 million uninsured that the Left screamed about to get support for this catastrophe?

  • Report this Comment On October 22, 2013, at 3:30 PM, benfranklinrocks wrote:

    If & when the OBAMA administration reports the OBAMA-CARE numbers, no doubt they will be LIES, just like Obama's .. "JOB'S SAVED" .. mantra.

  • Report this Comment On October 22, 2013, at 3:32 PM, benfranklinrocks wrote:

    Isn't OBAMA disenfranchising the "Blacks & Poor" by asking for a ... "ID" .. to attain his Obama-care?

    HMMmmmmmmm ?

  • Report this Comment On October 22, 2013, at 3:34 PM, benfranklinrocks wrote:

    B.O. .. "STINKS"

  • Report this Comment On October 22, 2013, at 3:34 PM, RLMerrell wrote:

    Obamacare website is programmed with the rates for the various plans buried behind a user account screen. In other words, you must create an account to even see what your rates are. Let's say you are curious. You want to compare premiums, coverage, deductibles, and co-pays with your current insurance. So you create an account. Would you call that an application for insurance?

    Of course not. So why does the media, Obama and the liberal pundits continue to call these 500,000 or so user accounts "insurance applications". If they were real applications for insurance you'd expect to see more than 10% of them actually purchase insurance.

  • Report this Comment On October 22, 2013, at 3:35 PM, benfranklinrocks wrote:

    WE THE PEOPLE .. are done funding Obama's ... "Illegals & Career Welfare Rats".

  • Report this Comment On October 22, 2013, at 3:36 PM, benfranklinrocks wrote:

    99.6% of people that have visited the website, ... DIDN'T sign up.

  • Report this Comment On October 22, 2013, at 3:38 PM, ebayazitov wrote:

    At the end of the day (by the signup deadline) the technical glitches in the system will be fixed and the real issue will become self-evident: soaring cost of the program, both for consumers and taxpayers.

    The whole premise of the model is based on the fact that healthy young adults will foot the bill for the rest of us. But here is the ugly truth: majority of those people won't be able to pay for it, as they won't qualify for the government subsidies while the most basic plan has premiums of over $800/month. Therefore they will choose to pay penalty, rather than go broke trying to get the coverage they don’t really need.

    Guess what it will do to the budget of the program? And guess what these disfranchised people will do on the next elections? Scrap the whole thing.

  • Report this Comment On October 22, 2013, at 3:40 PM, RLMerrell wrote:

    Voter ID laws are racist!

    So says Obama and his Attorney General. So is it racist to require these poor minority families to log into a computer to buy health insurancewhen they don't own a computer or can't afford internet access?

    "Of course not. They can apply by phone if they don't have a computer."

    But what if they are too poor to own a phone, or understand the instructions?

    "No worries. They can apply the old fashioned way, in person!"

    So they can apply for Obamacare in person, and pay a fine if they don't, but they can't pick up a voter ID card in person?

    Obamacare is racist!

  • Report this Comment On October 22, 2013, at 3:47 PM, 910boo wrote:

    Funny seems to me that the only ones that come out smelling like a rose is the investors and/or shareholders of all these insurance companies that are in the exchanges. The fools buying into this crap are going to regret since they can't get it through their thick heads that you have the premium of $100 a month but a deductible of $5,000 a year for a single person. No subsidies for the $5,000 people that money comes out of your own pocket before the insurance company pays a dime.

  • Report this Comment On October 22, 2013, at 3:55 PM, madcoolchick wrote:

    Instead of having the media continue to bombard the websites of the exchanges they should reach out to the actual insurance companies. The obamacare websites are the middle man and really for those that need assistance paying for insurance. When you complete your application your information still has to be transferred to the insurance company and they handle payment. That is why you can not get numbers for completed applications or purchases. I have completed every thing that i need to do on the website. I am waiting for payment information to be generated by the insurance company and then the application process is complete. I can only speak for California. But you can go directly to the insurance company and purchased the same policy if you are not looking for a subsidy. You can use they exchange website to see what choices are available. But you can purchase directly from the insurance company same plans.

  • Report this Comment On October 22, 2013, at 3:59 PM, auggybendoggy wrote:

    Blammo 910boo, spot on.

    I've argued either you go single tax payer or you make all healthcare/insurance non-profit companies only. Otherwise, Mr. moneybags is still in control

  • Report this Comment On October 22, 2013, at 4:07 PM, SLTom992 wrote:

    As we can all tell it's a raving success story. In 46 out of 50 states the cost of health insurance will increase as much as double or even more. Even when this is more than you make in a month.

    The website doesn't let you actually investigate - it forces you to sign up for it before it tells you the price.

    But luckily the website is crashed almost continuously. What would Amazon or Ebay or Craig's list do with such effective software?

  • Report this Comment On October 22, 2013, at 4:08 PM, willywolfe wrote:

    If bungling incompetence were a measure of success, this administration would be the best ever!

  • Report this Comment On October 22, 2013, at 4:20 PM, wrtrblk wrote:

    $400 MILLION to create and implement this website. Every day I'm sure the number goes up by at least a million or so. Doesn't that seem a little high to you?

  • Report this Comment On October 22, 2013, at 4:22 PM, flakyme wrote:

    The website was just trying to get your information prior to the sticker shock that way they can track you were there. As far as the penalty tax, the court ruled it could not be a punitive tax, which it is, so therefore they cannot collect it. Take them to court if they try.

  • Report this Comment On October 22, 2013, at 4:35 PM, beenrippedoff wrote:

    Subidities?, What subidities?, I found out I have to pay the premium first. Even with a obamacare discount, I still have pay upfront a premium first. What did obama do with all that cash.

  • Report this Comment On October 22, 2013, at 4:37 PM, TexRoth wrote:

    Obama knows BUSINESS, jack. He has "dog-poop" shovel-ready for Americans. Now, he also proves that he knows HEALTHCARE.

  • Report this Comment On October 22, 2013, at 4:42 PM, gilstrr wrote:

    Even if 476,000 people did sign up, that is still only .15% of our population. Yes that is 15/100ths of 1 percent. Ever heard the expression, "tail wagging the dog." Well, this particular tail is right below the part where the tail connects to the dog's A$$.

  • Report this Comment On October 22, 2013, at 4:43 PM, aposcovsky wrote:

    I think the government made it very hard for people to get health care.

    The president said in 2008, everyone will get healthcare, okay, good or bad okay.

    But, if you are poor, how are you going to sign up for health care, if you do not have a computer and internet.

    People in Texas have been told, it was very hard for poor people with little income to get a photo ID to vote.

    So, if poor people can't come up with the few dollars for a Photo ID to vote, now are poor people going to get Health care?

  • Report this Comment On October 22, 2013, at 4:52 PM, peacefulvalley59 wrote:

    The computer glitches will ultimately get fixed: that is not the major issue. The larger issues will be increasing insurance premiums as the composition of those buying from the exchanges will be heavily weighted towards those with pre-existing conditions and a declining number of healthcare practicioners. Moreover, expect to see a huge surge in concierge style medical care which will further draw down the supply of physicians available for the masses. Then from a 50,000 foot level, it is only logical that added a trillion dollar beaurocracy to one-sixth of the economy can not result in efficient service or effective service. It would have been far, far better to simply buy policies for those who are truly living in poverty. It is very hard to admit the making of mistakes, especially one so large.

  • Report this Comment On October 22, 2013, at 4:56 PM, Veritas177 wrote:

    Unfortunately, we have no way to know how many of these accounts may be duplicates or simply looky-lous with no intention of buying. The number may be far off of reality as there are anecdotal comments about people creating multiple applications as they try to navigate the system. We are also hearing that the majority of applicants are being directed to Medicaid, which does not help identify how many are buying on the exchange. Even if we had enrollment data, we would have to have an idea of what kind of people are enrolling to see if we are getting healthy enrollees in the numbers required to make the system work. In the end this preliminary number is really not very useful in making any conclusion about how well things are going at this point.

  • Report this Comment On October 22, 2013, at 5:05 PM, jimmymae wrote:

    You are reporting the gross results, what are the net results after subtracting all those who's Health Care Insurance has been dumped by Obamacare? Or don't they count?

  • Report this Comment On October 22, 2013, at 5:21 PM, Reiners5 wrote:

    So 476,000 have an account at the site. It was reported that a little less than 10 percent have had success actually buying a plan. That would put the number of enrollees at about 47,600. Considering the administration wanted 500,000 by the end of the month I would say it is not going well so far!

  • Report this Comment On October 22, 2013, at 5:36 PM, Tilly78 wrote:

    The article states that Washington State's health exchange site hasn't had any major breakdowns after day 1. I disagree. I spent 5 hours straight before I finally got the system to work and that was over a week after the exchanges had launched. Numerous times it would crash and lose my data and I would have to start completely over. Other times it would only lose partial data. After multiple times of the system losing partial data and saving partial data, I was able to make it to the end of the application. However, I still have no idea what possible plans I am eligible for and can choose between or if I qualify for a subsidy or not. I called on the phone to ask those questions and was told that information would be mailed to me in late December or early January.

  • Report this Comment On October 22, 2013, at 5:44 PM, jakstrate wrote:

    The anti-Obamacare radicals are alive and well I see. People who don't want to be forced to buy healthcare insurance never seem to mind that other people are paying for their ER visits when they get sick or hurt....but hey, what would these selfish ingrates care about that.

    I just read about a guy who actually sued to be exempted from the requirement to buy insurance because he made too little money. His subsidized cost to him was $18.00 a month...his penalty was $12.00 a month. The judge threw it out until March when the deadline kicks in. Then of course he can waste more court time and expense suing again.

    So what is it you people really want? Uninsured people to stay uninsured? To continue going to the ER and racking up thousands of dollars in bills that we have to pay, as Mitt Romney stated?

    If your going to argue a case against Obamacare, at least try to make a case other than " No Pubic Option" as I read on one of your protest signs. We are the LAST developed nation to finally have a national health plan...the LAST ONE. And you can't be against the government involvement in this program because it's a boon to insurance companies by opening up a market to 30 million new customers. There's your free market system.

    If your insurance company has raised your rates then you have a problem with the insurance company because they haven't incurred any expenses yet from the previously uninsured, so they're just gouging you. Your present rates are determined by the previous year costs of those in your group, which accounts for most annual increases.

    Look everyone, stop using the ACA as a reason to vent your irrational hatred for Obama. We need a national, affordable healthcare plan in this country. I agree that Obamacare isn't perfect. I know I wanted a single payer plan and I will continue to fight for that. But then I have Medicare which I suppose you radicals want to eliminate that also. The saving grace is that your views are in the minority and declining as more people get used to Obamacare.

  • Report this Comment On October 22, 2013, at 5:48 PM, TourLooper wrote:

    500,000 signed up, 29.5 million to go: FAIL

    I'm not signing up...

  • Report this Comment On October 22, 2013, at 5:52 PM, ardoucette wrote:

    No one is getting used to Obamacare.

    It's a travesty.

  • Report this Comment On October 22, 2013, at 5:55 PM, marthalou2 wrote:

    I simply cannot afford the "affordable" coverage! Anything on the exchanges is at least twice what I am paying now, without the subsidy that I barely don't qualify for because I had the nerve to wipe out my 401K because I couldn't make ends meet! What kind of nightmare is this to force hard working middle class people to subsidize those who didn't have coverage before and to go into debt paying their premiums for coverage that doesn't cover much anyway! I am sick about it. I thought our premiums would be lower, not higher!

  • Report this Comment On October 22, 2013, at 6:47 PM, JudyR50 wrote:

    I find the comments here rather amusing. The same people complaining think nothing of standing on a line outside an apple store with thousands of other people, waiting for days to get the latest iPhone. Which will cost them a good $500. or more, glitches and all. That's perfectly acceptable to you to purchase a foreign made phone to keep the Chinese employed. None of you know anything about the Affordable Health Care act except what you have heard from Faux News. We all know how reliable their information is. LOL

  • Report this Comment On October 22, 2013, at 6:49 PM, MyNetChat wrote:

    Obama intent to destroy this Nation, and he will stop at nothing until he succeed. By the time the majority American People figures out Obamacare is nothing but a unwanted cancer, it will be too, too late. So please stand up and repeal, delay the Obamacare, joint us to fight back this evils laws.

  • Report this Comment On October 22, 2013, at 6:52 PM, MyNetChat wrote:

    We need to impeach this no good son of the devil , and replace many of the Congress persons sooner then later.

  • Report this Comment On October 22, 2013, at 6:57 PM, time4revolution wrote:

    Thanks Democrat Party! There went the last of my discretionary income. Hope I don't need to buy food or pay rent. Oh well, at least I'll have "health care" if I can come up with that outrageous deductible. I thought we abolished slavery......

  • Report this Comment On October 22, 2013, at 6:59 PM, time4revolution wrote:

    We need to drive the

    Demon Swine Democrats into the sea where they belong!

  • Report this Comment On October 22, 2013, at 7:03 PM, sechalard wrote:

    Hyperbolic nonsense like Travesty, Destroy, son of the devil really gets your point (intelligence) across to people reading your comments. It is the law just so spending your disposable time here on a website isn't going to change it. No freeloaders in the system just like Car Insurance. If you live unhealthy lives you'll pay the piper like a reckless driver. If you don't want to pay the cost then leave the country and go somewhere else in the world that will accept your unhealthy selfish lifestyle... Ohhh.. I forgot..... The rest of the world already has universal Health Care.

  • Report this Comment On October 22, 2013, at 7:05 PM, faterikcartman wrote:

    Applications? Or 476,000 people who just wanted to get a quote, but were forced -- by design -- to submit all their information "like" an application just to see the quote?

  • Report this Comment On October 22, 2013, at 7:08 PM, whatshesaid wrote:

    A fool and his money can always be parted and those that voted for Obama are the first one's signing up ....just sayin'

  • Report this Comment On October 22, 2013, at 7:13 PM, shineridge wrote:

    OBIMBO Care is gonna be a DISASTER !!!!!! To put the IRS in charge of making sure people sign up is unbelievable in light of the scandals that agency has been caught in. And, for the Gov to involved in our health care is like having the MAFIA involved !!!!!! I wouldn't trust the Obummer Adm. to mow my lawn. The roll out has been a complete FAILURE. But, because the media WORSHIPS the COMMUNIST in the White House, they just can't admit what a train wreck it's been.

  • Report this Comment On October 22, 2013, at 7:51 PM, doco177 wrote:

    "Fathom The Hypocrisy Of A Government That Requires Every Citizen To Prove They Are Insured....But Not Everyone Must Prove They Are A Citizen."

    "And Now, Any Of Those Who Refuse, Or Are Unable To Prove They Are Citizens Will Receive FREE Insurance Paid For By Those Who Are Forced To Buy Insurance Because They Are Citizens."

    Google "Obamacare Flowchart" at Intellectual Takeout to see a visual representation of the convoluted, corrupt mess this really is

    Congress,Muslims, Amish, Native Americans are exempt from mandate and penalties under Obamacare that the rest of us have to pay.

    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.

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

    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.

  • Report this Comment On October 22, 2013, at 8:23 PM, alanholt wrote:

    yea the tea party is right we aught to take ssi,food stamps and health care away from the poor so we can give more to the oil compamies maby in a republican world we could do away with poor and middle class none would be crying if obama care was for the top percent what about wall street and banks we bailed out nobodys in jail cause there above the law do something for the poor and theres a lot of cry babys

  • Report this Comment On October 22, 2013, at 8:40 PM, astraspx1 wrote:

    You have to submit an application to see the cost, I saw the 784 a month figure and clicked HELL NO

  • Report this Comment On October 22, 2013, at 8:45 PM, humpymike wrote:

    Your're all missing the point, the democrates are secretly hoping that the ACA/Obamacare debacle will fail that way they can get what they really wanted all along which is a single payer system. The same system that is bankrupting most economys around the world. The only way they are able to sustain themselves is by taxing the people to death that's why other countries pay $6 to $7 dollars a gallon for gas and wonder why the U.S. consumer only pays $3.50, a barrel of oil costs the same in Canada and England as it does here.

  • Report this Comment On October 22, 2013, at 9:25 PM, RFTECH3000 wrote:

    Here is why the numbers are meaningless :

    1.) anyone has to complete the application process BEFORE you can even see rates

    2.) due to the system crashes some people had to complete the applications multiple times , it took me 3 new logins and applications til I finally got to look at rates !

    So take the 460000 and divide it by 3 = 153333

    this is about the real number of people who looked , subtract about 25000 journalists who were looking at the rates for their work = 128333

    then about 10% who will ACTUALLY sign up = 12833 people !

  • Report this Comment On October 22, 2013, at 9:26 PM, RFTECH3000 wrote:

    alanholt is one of the people who don't know math because those are the only ones who sign up for this !

  • Report this Comment On October 22, 2013, at 9:27 PM, UsKids wrote:

    It was reported the website was duplicating and tripling sign in's. So that makes the number much smaller than 450,000. The first week only 5,000 actually signed up. Second week traffic was down 80%.

  • Report this Comment On October 22, 2013, at 9:31 PM, UsKids wrote:

    I saw this on another site. Does anyone remember cash for clunkers and how they screwed that up. Everything this administration does is a disaster.

  • Report this Comment On October 22, 2013, at 9:35 PM, RFTECH3000 wrote:

    Right now I have a plan with $2000 deductible and pay $195 a month , office visits and prescriptions are excluded from the deductible so I pay about $350 a year for copays !

    So total I pay $2690 every year for healthcare !

    Now I got a cancellation notice and the CHEAPEST comparable plan is $354 a month also with $2000 deductible BUT here comes the bummer : office visits and rx are no longer excluded !

    So I asked my doctor how much a office visit runs if I pay directly and asked my pharmacist about the cost of my prescription , this totals up to $2400 a year !

    So since I have a $2000 deductible the insurance will only pay $400 ( actually 80% of it but I don't want to get too picky )

    So lets add up :

    $4284 premiums (

    $2000 deductible

    $6284 Total ( compared to $2690 before )

    so thanks to the ACA my annual medical cost has increased by $3594 !!!!!

  • Report this Comment On October 22, 2013, at 9:42 PM, RFTECH3000 wrote:

    @USKIDS

    I completed a application to get a message that the verification system was down and to check back in 24 hours , I tried to log in 2 days later and couldn't get in , password reset didn't work either so I called , operator told me they had to reset the server and I had to do a new login with a new email so I did , same CR.... finally after 3 different log ins and applications I FINALLY got to look at rates just to say NO THANKS !

    So divide their numbers by 3 and you get a better picture , then off course there you have to attribute some of the traffic to people who were window shopping, journalists checking out the rates and activists on both side of the aisle and insurance companies who are trying to look at the rates of competitors !

    From what I heard only about 1% of those 460000 really bought insurance !

  • Report this Comment On October 22, 2013, at 9:44 PM, RFTECH3000 wrote:

    the REAL questions :

    1.) how many of the people who completed applications are ACTUALLY buying insurance ?

    2.) how many of the ones ACTUALLY BUYING insurance were UNINSURED ?

    3.) How many of the UNINSURED buying insurance are YOUNG AND HEALTHY ?

  • Report this Comment On October 22, 2013, at 9:45 PM, RFTECH3000 wrote:

    one thing is for sure , if millions had bought insurance than HHS would shout it from the roof

  • Report this Comment On October 22, 2013, at 9:45 PM, KingRana wrote:

    “Welcome to AmeriCare……Long Live Obama………God Bless Amerika”

  • Report this Comment On October 22, 2013, at 9:49 PM, ImtheBaldEagle wrote:

    Well if you take into account that Obama and his entire administration are habitual liars I'd say the obamacare launch is a failure. People don't know if their application was completed properly, accepted or if the insurer even got it. Guess they will find out when the IRS charges them a penalty.

  • Report this Comment On October 22, 2013, at 9:49 PM, RFTECH3000 wrote:

    I totally agree with the assessment that this system was designed to fail and to mess up the insurance market so democrats could push government run healthcare !

    BUT I think democrats don't even realize that they are playing with fire , if this thing blows up, if the number of uninsured goes through the roof and insurance premiums skyrocket then the wrath of the people will burry the democratic party for decades to come !

    People are willing to forgive a lot of political blunders but if it comes to their healthcare than that's a totally different game

  • Report this Comment On October 22, 2013, at 9:49 PM, gqroll wrote:

    Yes, Obamacare will be very popular, most entitlement programs are if you are not the one paying for it. But it will be unsustainable like other entitlement programs. Enough.. those that want a one payer system thinking it's so great, move to Europe and see how great that system really is.

    One way to get more people insured is to create more jobs- something far from this Prez mind and clearly out of his capabilities.

  • Report this Comment On October 22, 2013, at 9:57 PM, altmd71 wrote:

    The problem is that with deducible and out of pocket cost of $5000 or $10000 dollars the hospitals are still going to have a lot of bad debt to write off. People who sign up for these policies are not going to be able to pay these out of pocket costs.

  • Report this Comment On October 22, 2013, at 10:10 PM, ragsangle wrote:

    Something people may not be aware of is many doctor's offices are telling people on medicare/dr dinoo and other programs that they are being transferred into another medical health program when actually it's obamacare. The doctor's offices aren't telling people it's obamacare so they assume it's threw state...if that number of people are included then it's false because they actually didn't sign up. Thier doctor's office falsely tranferred them into obamacare without thier knowledge.

  • Report this Comment On October 22, 2013, at 11:14 PM, tcandadai wrote:

    Whatever the current glitches/problems, unfortunately we have to wait and see. It is too early to form an informed opinion. Nor can we change or stop this ACA since it is the law.

  • Report this Comment On October 23, 2013, at 1:17 AM, malclave wrote:

    What I would like to know is what security measures the website operators have in place to guarantee that people's personal information is not released inappropriately.

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