Obamacare's Unofficial Enrollment Data Drama

From the smallest biotech to the biggest pharmaceutical stock The Motley Fool's Market Check-Up covers the health-care sector's biggest headlines, hottest market movers, and Obamacare's ongoing rollout.

In this segment, health-care analyst David Williamson takes a look at the latest updates on the Affordable Care Act, specifically the rumors of catastrophically low enrollment numbers. The federally run health insurance exchanges have reportedly only overseen the enrollment of a mere 248 people in their first two days of operation -- and that's despite being active in 36 states! However, it is important to remember that these are not official statistics and while they look terrible, investors and Obamacare proponents and critics alike should not overreact.

The following video dives into the traffic that the insurance marketplace at health care.gov has seen so far and why website glitches may be to blame for these shockingly low numbers. It also covers the future of the health insurance exchanges as they undergo a "tech surge."

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  • Report this Comment On November 08, 2013, at 9:17 PM, Christianprophet wrote:

    The affordable Care Act is a success. You can go to any health care insurer and get insurance. When you file your income tax return you will get a credit, if you are income eligible for a subsidy. Better to have health insurance than risk a medical bill which will cause you to declare bankruptcy. Even child birth will cost you $30,000. Are you sure that as a young person in child bearing age that you don't want health insurance?

  • Report this Comment On November 08, 2013, at 10:11 PM, gmthatcher wrote:

    Lie #1 The affordable Care Act is a success.

    Not .

    Lie #2 You can go to any health care insurer and get insurance.

    No you cannot . There is less competition as many providers have pulled out of many states. I have two choices.

    Lie # 3 Better to have health insurance than risk a medical bill which will cause you to declare bankruptcy.

    WHY?

    Lie # 4 Even child birth will cost you $30,000.

    Not a home birth with a midwife.

    Lie #5 Are you sure that as a young person in child bearing age that you don't want health insurance?

    As a young, single male you will not need child bearing insurance unless you become encumbered. Even then she will have insurance , no?

    As a young person perhaps you should focus on paying for your rent, food, clothing, car payments, school loans and utilities.did I forget beer?

  • Report this Comment On November 09, 2013, at 3:47 PM, villagelights wrote:

    @gmthatcher , I'll take exception to your inference that foolish youth may not need to carry health insurance. It was in my youth that I drank beer, rode motorcycles, drank beer, raced cars, drank beer, skied, drank beer, flew airplanes, drank beer, climbed mountains, got kicked by pack mules (they drank beer too!) ran rivers (drank LOTS of beer!) canoed Canadian wilderness, skied on thin ice, drank some more beer, howled with the wolves and generally hung out just a little bit over the edge. Drank a little beer, too. The young fool needs health insurance. The wise old man will buy it.

    An old doctor once told me, "When you get married, buy medical insurance and THEN go out and buy a bed!" I won't say he was all that wise himself (after all, he spawned me) but he was so right on this count!

  • Report this Comment On November 09, 2013, at 6:19 PM, peckbill wrote:

    “The Republican Party has no interest in helping fix (ObamaCare) the Patient Protection and Affordable Care Act (ACA)” and the GOP has no plan of action to help these Americans. These words were spoken by House Representative Boehner on October 28, 2013. In short the GOP does not care that More than 12% of the American people (not poor people, they are covered by Medicaid and not the rich because they can afford whatever insurance plan they want) working class people nor covered by employer medical insurance provided insurance are without health care and many of these citizens will die as a result of the federal government’s lack of positive action and/or interest. In short, Boehner’s words echo a Michigan House Representative’s burning comment and a liberal interpretation of his words. The Congressman from Michigan gave a very moving speech on Obamacare the Patient Protection and Affordable Care Act); it could well apply to other cuts covered by the GOP generated shutdown of October 1, 2013. He said, “why should we punish 85% of the people to give medical care to 15% who cannot afford or get medical coverage”? Congress can just wait and do nothing to help Americans who need help or they can pass a law that dictates we must identify, place them into gas and burn the bodies of those who are not in the upper class. Isn’t this what the Congressman from Michigan is saying along with Boehner and a lot of his Congressional colleges? One idiot, the Governor of Iowa, just as an example, has retained the right (God like right) to be the sole individual that can approve an abortion for you; other states, Minnesota, Florida, Tennessee, Georgia, Louisiana, Arizona, Missouri, Colorado, Wyoming, California, West Virginia, Mississippi, New Mexico, Nebraska, Utah, Texas, Virginia, North Carolina, South Carolina, Florida, Wisconsin, Alabama, Kansas and other Tea Party members of Congress stay right in step and vote as a block. No member of the Tea Party has an individual brain. The GOP attempted to defund or repeal the ACA over 45 times during a two year period. The GOP lies about the number of medical insurance plans that are cancelled because of the ACA. The truth is that less than 24% of the population is impacted by ACA that could even remotely lead to a letter of intent to cancel a policy. Some plans do not cover the items required by the ACA so insurance carriers have had to tell enrollees that they are giving notice of intent to cancel because they cannot provide the medical coverage directed by the ACA. The GOP will stoop to any level and tell lie after lie to tell people that the ACA is bad for the Country. The truth is that the ACA will provide health care to millions who have not had affordable medical care. By November 2014, you will see a rush by GOP House members in Congress to convince the American people that they were for the ACA all along; they lie and the people will not forget their stand. Other crippling changes supported by the GOP, 1) in 2006 the GOP enacted a law requiring advanced money payments that has crippled the U.S. Postal Service to the extent that it is now threatened with enormous cuts and restrictions on services, 2) the GOP has enacted laws and made adjustments in federal and state operations that greatly cripple women rights and basically tell women, you are a second class citizen, you don’t count, and 3) the GOP fights, every day, to cut much needed services such as Social Security, retirements, including military capability, that makes America appear to all foreign countries as a downward spiraling Nation without leadership, 4) drastic reductions in the food stamp program that is needed to insure our hungry, mostly single mothers and kids, are fed at the minimum healthy levels(enforcement of the proper enactment process would greatly eliminate much of the waste and abuse in all these areas), 5) supports legislation in every state that would restrict voting rights of blacks, Hispanics and whites that support Democratic candidates or beliefs, 6) on October 1st, 2013 the GOP tried to hold the United States of America hostage over a continuing resolution and made up debt problems for a cost to the American people of over 60 billion dollars, 7) there has not been a United States Budget in over four years because of a lack in GOP demand for unnecessary and dangerous reductions that would hurt the middle and lower class American people, 8) openly supports the Heritage Foundation, an extremely conservative organization that is at best un-American and 9) the GOP/TEA Part has traditionally taken a firm stand against raising the minimum wages; the Democrats have made significant forward progress in this area in California, Nebraska, Ohio and other States that look to take care of the people with low incomes . These are all very serious anti-American acts. There are many more actions that the GOP will not support, basically, if it is an idea from the Democrats or Obama, the GOP/Tea Party is against it automatically. Most of the GOP resistance is because Obama is black and these elected members do not want a black American as a leader. What will they stoop to if and when a woman becomes President and threatens to kick their asses? Do you really want to continue this sort of government into the future; do you really want to leave this sort legacy for the children of America? If this is what you want you are either a fool, uneducated or not a true American. The GOP/Tea Party must lose its current members overpaid and non-productive GOP/Tea Party members of our Congress.

  • Report this Comment On November 09, 2013, at 8:17 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 visualization of the convoluted, corrupt mess this thing really is

    Congress,Muslims, Amish, Native Americans and several other groups are exempt from mandate and penalties under ACA 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 ACA is and will do to the working and middle class are the biggest untold story in America.

    REFUSE and Repeal ACA...If only a mere 20% of the over 300 million population of the USA boycott ACA 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

  • Report this Comment On November 09, 2013, at 10:06 PM, Allen1952 wrote:

    Obama care is the cause of a man preparing to die due to the fact that his insurance was dropped while he is in mid treatment for cancer. He was enduring and his treatment was going as scheduled. Due to the regulations of Obama care his policy was cancelled along with thousands of others in his state and now he is just biding time for the end to close in. Thank you Mr. Community Organizer!!! Obama knew policies were going to be cancelled and still due to it being politically expedient lied over and over again to gain the confidence of the public. Obama has betrayed the public trust!!

  • Report this Comment On November 10, 2013, at 9:04 AM, peckbill wrote:

    Young people operate in a crisis mode; if there is not a crisis they would rather do nothing but visit with friends they are not supposed to be with, drink what they are not supposed to drink, eat only when starving or junk food, treat money as though it were trash and give it away to a friend or buy junk with it. They have a brain that is not yet developed and it probably won't develop for years to come; some brains will never develop because of burn out. Girls think of boys and what is hung between their legs and boys think of girls and what is between their legs; both often think with these body parts. When they get sick it is an emergency or Mom and Dad take care of them. Trying to entice young people to do the right thing is almost impossible. This is a very big mistake that was made with the ACA.

    Also keep in mind that many young people, especially males, are out of work or have only part time employment and should qualify for Medicaid, but they will not apply because they are lazy and/or believe that anything that is free has attachments tied to it and they want nothing to do with it. Many young males try to apply for Medicaid and are turned away because they cannot prove that they are unemployed or disabled and are told they must get a medical evaluation; where is the money coming from to get a medical evaluation? This leads the young males to believe the program is for women.

    There are still a lot of problems with who can apply, where they can apply and what do they need to be qualified. I am aware of one male that is unemployed, is medically not able to work that was told he has to get a medical evaluation (to get a medical evaluation, the hospital wants over $200.00 up front for the evaluation. Where does he get the money? He gives up and stays on the list as one that doesn’t apply) before they will give him Medicaid. The workers in the field are either not knowledgeable or they are discouraging young people from applying. Training and guidance is needed in the field; not just at the federal level.

  • Report this Comment On November 10, 2013, at 3:11 PM, peckbill wrote:

    There are still a lot of problems with who can apply, where they can apply and what do they need to be qualified. I am aware of one male that is unemployed, is medically not able to work that was told he has to get a medical evaluation (to get a medical evaluation, the hospital wants over $200.00 up front for the evaluation. Where does he get the money? He gives up and stays on the list as one that doesn’t apply) before they will give him Medicaid. The workers in the field are either not knowledgeable or they are discouraging young people from applying. Training and guidance is needed in the field; not just at the federal level. A major factor tied to low sign ups by the young is the availability of information about what is happening in the individual states. The young people are not getting the word and do not know what is happening, i.e., 23 states are currently expanding Medicaid, 4 states have a customized Medicaid expansion, 4 states are undecided about Medicaid expansion and 20 states are currently not going to expand. Get the word out, put pressure on the states and you will see an increase in the number of young adults signing up on the ACA websites. Keep hiding the information and the program will dies for lack of inputs.

    Young people operate in a crisis mode; if there is not a crisis they would rather do nothing but visit with friends they are not supposed to be with, drink what they are not supposed to drink, eat only when starving or junk food, treat money as though it were trash and give it away to a friend or buy junk with it. They have a brain that is not yet developed and it probably won't develop for years to come; some brains will never develop because of burn out. Girls think of boys and what is hung between their legs and boys think of girls and what is between their legs; both often think with these body parts. When they get sick it is an emergency or Mom and Dad take care of them. Trying to entice young people to do the right thing is almost impossible. This is a very big mistake that was made with the ACA.

    Also keep in mind that many young people, especially males, are out of work or have only part time employment and should qualify for Medicaid, but they will not apply because they are lazy and/or believe that anything that is free has attachments tied to it and they want nothing to do with it. Many young males try to apply for Medicaid and are turned away because they cannot prove that they are unemployed or disabled and are told the program is for women only or males below 18 years of age, or they must get a medical evaluation; where is the money coming from to get a medical evaluation?

  • Report this Comment On November 10, 2013, at 5:14 PM, peckbill wrote:

    There are still a lot of problems with who can apply, where they can apply and what do they need to be qualified. I am aware of one male that is unemployed, is medically not able to work that was told he has to get a medical evaluation (to get a medical evaluation, the hospital wants over $200.00 up front for the evaluation. Where does he get the money? He gives up and stays on the list as one that doesn’t apply) before they will give him Medicaid. The workers in the field are either not knowledgeable or they are discouraging young people from applying. Training and guidance is needed in the field; not just at the federal level. A major factor tied to low sign ups by the young is the availability of information about what is happening in the individual states. The young people are not getting the word and do not know what is happening, i.e., 23 states are currently expanding Medicaid, 4 states have a customized Medicaid expansion, 4 states are undecided about Medicaid expansion and 20 states are currently not going to expand. Get the word out, put pressure on the states and you will see an increase in the number of young adults signing up on the ACA websites. Keep hiding the information and the program will dies for lack of inputs. Young people operate in a crisis mode; if there is not a crisis they would rather do nothing but visit with friends they are not supposed to be with, drink what they are not supposed to drink, eat only when starving or junk food, treat money as though it were trash and give it away to a friend or buy junk with it. They have a brain that is not yet developed and it probably won't develop for years to come; some brains will never develop because of burn out. Girls think of boys and what is hung between their legs and boys think of girls and what is between their legs; both often think with these body parts. When they get sick it is an emergency or Mom and Dad take care of them. Trying to entice young people to do the right thing is almost impossible. This is a very big mistake that was made with the ACA. Also keep in mind that many young people, especially males, are out of work or have only part time employment and should qualify for Medicaid, but they will not apply because they are lazy and/or believe that anything that is free has attachments tied to it and they want nothing to do with it. Many young males try to apply for Medicaid and are turned away because they cannot prove that they are unemployed or disabled and are told the program is for women only or males below 18 years of age, or they must get a medical evaluation; where is the money coming from to get a medical evaluation? Should the GOP help with the ACA, the use factor would be very high and people would like and accept it as they do Medicare.

  • Report this Comment On November 10, 2013, at 5:15 PM, JohanStrauss wrote:

    Why not discuss folks' premiums going up ten-fold?

  • Report this Comment On November 10, 2013, at 6:41 PM, peckbill wrote:

    The GOP shouldn't wait too long before dropping the Tea Party and supporting the ACA. The American people have long memories and memories have relatives.

  • Report this Comment On November 10, 2013, at 7:11 PM, fujidan wrote:

    Obama and his health care act do not appeal to me.

    I do not want either in my life, They can both just go away. I am retired and do need this headache.

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