10 Obamacare Facts You Need to Know After 5 Months

It may be hard to believe, but today marks the five-month mark since Obamacare's state and federally run health exchange marketplaces went live. We have certainly come a long way from day one, where technical glitches and overloaded servers made the federally run Obamacare website, Healthcare.gov, practically unusable. But even now, after five months, there are still a number of issues that need correcting.

In some aspects, Obamacare is the saving grace to millions of people who previously had no access to affordable health care. To others, Obamacare is the end of health care as we know it. As you might imagine, this major division of opinions on Obamacare has created a number of optimistic and pessimistic claims about what will happen next.

Rather than stew on these opinions, I choose to cut through the white noise at the beginning of each month and note the most important new and ongoing facts that every American should know about Obamacare.

Here are the 10 Obamacare facts that really matter after the first five months.

1. Obamacare enrollment has crossed the 4 million person mark.
Obamacare enrollment is still well off the mark set by Department of Health and Human Services Secretary Kathleen Sebelius of 7 million enrollees before the coverage cutoff period ends; but it's clear that enrollments have surged since the majority of technical glitches were dealt with. According to a blog entry by Centers for Medicare & Medicaid Services Administrator Marilyn Tavenner, Obamacare enrollments have hit 4 million as of Feb. 25. This means roughly 700,000 people signed up for health coverage in the first three-and-a-half weeks of February, and that more than 3.6 million have signed up since Dec. 1.

2. Too few young people are still signing up.
Not lost in the aforementioned signup totals is the fact that a critical group of uninsured people that the HHS, CMS, and insurers need to court the most isn't signing up as expected. According to the mid-month release of enrollment data by the HHS, young adults accounted for 27% of all enrollees in the Dec. 29 through Feb. 1 period, which was actually up from the 24% witnessed between Oct. 1 and Dec. 28. However, the current 25% enrollment figure is well below the 38% targeted by the HHS to help offset insurers' costs to treat terminally ill and elderly patients. Young adults are typically healthy, and without their premiums the overall cost of premiums could rise next year across the board.


Source: Centers for Medicare & Medicaid Services as of Feb 10, 2014. 

3. Obamacare is failing to court another crucial group.
According to a study released last month by private research group The Commonwealth Fund, Obamacare's biggest shortcoming may not be in courting young adults so much as courting uninsured Hispanic citizens. Its survey found that less than half (49%) of Hispanics who are potentially eligible to receive a subsidy in their state were aware of their states' marketplace. An even lower 19% had affirmed that they've shopped the exchanges for insurance compared to the national average of 24%. There are four key barriers to entry potentially keeping Hispanics on the outside looking in, and if the HHS doesn't address these issues, Obamacare enrollment may not hit its targets. 

4. Most insurers are losing money from Obamacare -- and that's OK.
Based on quarterly earnings reports from some of our nation's largest insurers, Obamacare is costing them money rather than padding their bottom-line. National insurers CIGNA (NYSE: CI  ) and Aetna (NYSE: AET  ) reported adding about 20,000 and 200,000 members, respectively, via Obamacare, with WellPoint (NYSE: WLP  ) adding more than 400,000 members through the latter part of January. Both CIGNA and Aetna, which pulled out of a number of individual marketplaces prior to the launch of Obamacare, are both losing money while WellPoint is seeing a profit. What investors need to remember is that these insurers are predominantly focused on corporate clientele and that Obamacare accounts for only a small fraction of their revenue, and an even smaller portion of their profits and/or losses.

5. Silver and bronze plans were even more popular last month.
Based on that same HHS mid-February data release, the amount of health plans which are either silver or bronze (i.e., the two least-expensive on a premium basis) have jumped again to 81% of all plans purchased from 80% in the prior month. You might be under the impression that this is bad news since consumers are opting for lesser-expensive plans, but it's actually great news for insurers. It will mean less out-of-pocket expenses upfront for insurers unless each and every member hits their maximum out-of-pocket expenses for the year. This is a case where lower priced products actually carry some of the beefiest margins.

6. Gulf Coast enrollment is soaring while Nevada and Hawaii are lagging way behind.
Although traditionally large states like California and Florida are providing the bulk of Obamacare enrollments, no region of the country saw enrollment surge more in the past month than the Gulf Coast. Mississippi saw its Obamacare enrollments spike 116% while Louisiana and Texas also delivered an enrollment surge that was well above the national average of 53%. On the flipside, Hawaii is practically standing still, plagued by ongoing website issues. In similar fashion Nevada has actually stood still, adding just 31 enrollees in all of January -- you heard me right, 31! Situations like this do nothing but hurt the credibility of the marketplace architects -- in this case CGI Group (NYSE: GIB  ) for Hawaii and Xerox (NYSE: XRX  ) for Nevada – and prevent hundreds of thousands of eligible and uninsured Americans from enrolling.

7. Obamacare could translate into 2.5 million lost jobs by 2024.
In early February the Congressional Budget Office came out with its latest Budget and Economic Outlook Report which notes that the Affordable Care Act will cause a reduction in workers' hours that will cost the equivalent of 2.5 million jobs by 2024. I believe part of this statement is correct in that the ACA is only exacerbating a push toward increasing job specialization thanks to an ongoing technology revolution and pushing those who lack a high degree of specialization into part-time roles. However, we also have to consider that this reduction in hours for non-specialized workers is also creating increased job security for those workers who do have a high degree of specialization.

8. Disapproval of the law is still near or at an all-time high.
Time has certainly not healed all wounds with a majority of those polled still disapproving of Obamacare relative to those who approve of it. Gallup's February poll notes a slight improvement in sentiment with approval rising to 41% from 38% and disapproval dipping to 51% from 54%, however the Kaiser Family Foundation's January poll showed that more people viewed the ACA unfavorably (50%) than had done so since October 2011. That negative sentiment continues to weigh on the HHS' efforts to reach 7 million enrollees before the coverage cutoff date.

9. Delays are hurting the credibility of Obamacare's remaining deadlines.
Perhaps nothing has become more synonymous with Obamacare in the early going than delays. Last month, Obamacare delayed aspects of the employer mandate for midsized and large corporations until 2016, giving them even more time to comply with the law and pushing the new deadline a full two-years beyond the original deadline when the law was first set to be implemented. Following a myriad of other delays, the urgency to sign up and the penalty assigned for not having insurance could begin to lose credibility if these deadlines remain fluid to fit the administrations' needs. 

10. March 31 remains the only deadline you need to be concerned with.
Finally, as we ended with last month, March 31 remains the only important date you need to keep your eyes on. It's the last day that citizens can sign up for health coverage in 2014 and not violate the individual mandate. It also marks the perfect point for people who've avoided paying premiums for as long as possible, or who view Obamacare unfavorably but don't want to be in violation of the individual mandate, to sign up. By mid-April we'll have concrete answers on how this first year of enrollment fared and should be able to make solid estimates as to where premiums will be headed next year by then.

One under-the-radar fact is that Obamacare isn't as confusing as it might appear on the surface
Obamacare might seem complex, but it doesn't have to be. In only minutes, you can learn the critical facts you need to know in a special free report called "Everything You Need to Know About Obamacare." This free guide contains the key information and money-making advice that every American must know. Please click here to access your free copy.


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  • Report this Comment On March 01, 2014, at 11:42 AM, NoMoeMoney wrote:

    11 The collapse of Healthcare as we know it.

  • Report this Comment On March 01, 2014, at 11:57 AM, ricksteph wrote:

    The Hispanic people need to worry about signing up for Obama care as this is another way of tracking illegals in the U.S.

  • Report this Comment On March 01, 2014, at 12:34 PM, GuitarJim wrote:

    "What investors need to remember is that these insurers are predominantly focused on corporate clientele and that Obamacare accounts for only a small fraction of their revenue, and an even smaller portion of their profits and/or losses."

    Wrong. All health insurance plans are now "Obamacare" plans, whether they are purchased by employers or individuals. The law imposes the same requirements on employer plans as it does on individual plans.

    Anyway, virtually all insurers will eventually pull out of the individual market because nobody will be buying their product. My premiums are already nearly as high as my mortgage.

  • Report this Comment On March 01, 2014, at 12:44 PM, greyhound44 wrote:

    I'm 69 and my monthly premiums for Medicare A; B; D, and F Supplement are $252.70.

    retired expatriate MD

  • Report this Comment On March 01, 2014, at 12:53 PM, crevallejack wrote:

    The lost of an employee from the workplace by personal choice does not equal the loss of a job. Actually, it is creating job openings, as people retire early and make way for younger people to take the positions they had... and often at lower pay. If you want to focus on facts, then focus on real facts, not biased interpretations of facts.

  • Report this Comment On March 01, 2014, at 1:20 PM, quacker wrote:

    use welfare and obamacare to deport all illegals like the laws says

  • Report this Comment On March 01, 2014, at 1:58 PM, VegasSmitty wrote:

    Obama care like Obama = epic fail!

  • Report this Comment On March 01, 2014, at 2:44 PM, jmgconsultants wrote:

    The no. 1 think that you should know is that Obamacare is a total failure and a big con game. It has hurt millions of Americans personally and millions more are projected to get hurt this year. It is a job killer and has destroyed Medicare as we know it. WE MUST VOTE OUT ALL DEMOCRATS THIS NOVEMBER!

  • Report this Comment On March 01, 2014, at 2:51 PM, JamesM wrote:

    Obamacare is a flagrant, in-your-face violation of the 10th Amendment; "Those powers not defined in this Constitution of the U.S., nor prohibited by it to the states, are reserved to the states and to the people." SOCIALIZED MEDICINE IS NOT A CONSTITUTIONALLY DEFINED POWER. PERIOD!! And both Sebelius and Obama know it! Their allegiance is to the coming world gov't! The purpose of Obamacare is to expedite the destruction of America, so we can merge into the satanic new world order / world gov't. The majority of the "gang of 545" in Washington, DC ARE anti-Constitution, anti-American, anti-God, but fornicate ecstatically with the NWO. That's why we're collapsing culturally and economically. May God not have mercy on their treasonous souls!

  • Report this Comment On March 01, 2014, at 3:02 PM, Ronmc2 wrote:

    1. "Obamacare enrollment has crossed the 4 million person mark."

    A. Is that the number, who are current on their Payments?

    B. Is that the number who are Enrolled ONLY in ObamaCare, or are Medicaid signups Included?

    C. How many of the "4 million" includes those who lost their insurance due to ObamaCare, and want/need ANY kind of insurance?

    If not, why hasn't the writer or Motley investigated what is the TRUE number? Is it because the Gov't won't release the TRUE number?

    Why should any of the above be counted in the "4 million"?

  • Report this Comment On March 01, 2014, at 3:18 PM, Kngrthr wrote:
  • Report this Comment On March 01, 2014, at 4:17 PM, EdHamox wrote:

    John MurrayBecome a fan

    Founder and Senior Strategist, YG Network

    Email

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    Disincentivizing Work and Hurting Seniors: The Reality of Obama's Agenda

  • Report this Comment On March 01, 2014, at 4:45 PM, Ronmc2 wrote:

    @Ed Hamox

    "The Reality of Obama's Agenda"

    How did that article make it past the Liberal Censors at HuffPo?

  • Report this Comment On March 01, 2014, at 5:16 PM, Mike1959 wrote:

    Americans fought a lot wars to be free, and people gave their. Life so we could live and work in peace.so future generations could be free of tyrants like hitler would never be in power to kill people for no reason other than their ethic background. Now look what we got for a president. It's a shame that anyone would defend him for what he stands for, even crazy why one would vote for him

  • Report this Comment On March 01, 2014, at 5:37 PM, skypilot2005 wrote:

    Sean,

    Good article with just "the facts".

    I recommend future articles like this regarding the Affordable Care Act.

    The Motley Fool's leadership has appeared to be supporting the OBama Administration for too long now.

    Going public with it hurts The Fool's "Brand".

    I. M. O.

  • Report this Comment On March 01, 2014, at 6:00 PM, almostsane wrote:

    With 7 million losing their insurance and, giving the government every benefit of the doubt, a signup rate of 4 million, there are actually 3 million fewer insured than on December 31, 2013. The 7 million enrollees was not a number picked out of a hat. It was the minimum number of payers to keep Obamacare solvent, according to the CBO. If there aren't 7 million new paid enrollees by March 31, then Obamacare will collapse financially. There won't be enough payers to support the costs that the insurance companies are paying out.

  • Report this Comment On March 01, 2014, at 6:02 PM, franksalot wrote:

    200 years ago the people of this country would have raised up, revolted and ended this shameful fraud.

    Not today-people continue to vote for the same clowns who perpetrate the fraud and then think they have done their part by sounding off with their disgust on comment boards like this.

  • Report this Comment On March 01, 2014, at 6:13 PM, 43aldaw25 wrote:

    I hope that JMG's comment to vote out all democrats in Nov is not too late to save our country. We need to stop spending money we do not have immediately.

    Angry gipper

  • Report this Comment On March 01, 2014, at 6:36 PM, schris413 wrote:

    "It's the last day that citizens can sign up for health coverage in 2014 and not violate the individual mandate." The hispanics who are illegal are not citizens and do not have to abide by the mandate.

  • Report this Comment On March 01, 2014, at 6:45 PM, djbrown62 wrote:

    Angry Gipper: elections don't "vote out", they vote in. The only way to get rid of the democrats is for the republican party to present candidates with ideas that the majority of voters like more. The discord and fracturing within the republican party makes that challenging. It's difficult for a candidate to appeal to a majority of republicans, even more difficult to appeal to a majority of the voting population.

  • Report this Comment On March 01, 2014, at 7:28 PM, LouBodoh wrote:

    All I know is that the lies, misinfo, disinfo, distortions, distractions, deceptions and confusion continue with this Obummer Unaffordable Care Tax Scam 5 months into it.

    SCAM = Socialized Care Assistance Mandate.

    This will be Obama's Waterloo.

    If the boot lickers and subservients of the lame stream media weren't protecting Obama on this issue, it would be history already.

  • Report this Comment On March 01, 2014, at 7:41 PM, MaxSlugger123 wrote:

    Obamacare was passed at a time when 80% of American indicated in polls that they were satisfied with their health care. It was the Presidents and democrats plan all along to blown up the individual insurance market, deliberately so, so they could put people in the exchanges.

    So what do we have now, Over 5 Millions of Americans who lost their insurance. And countless others that are finding out that their doctors and hospitals are not included in the obamacare insurance offerings. We all have to participate in this mess except for the President, his staff, congress, their staff, and those union friends of the president.

    The president says that we should welcome the new mandate. It will bring better healthcare, lower premiums. But how could that be?

    There is noway these plans could be cheaper. Why?

    Because they have to include stuff we don't need.

    Do senior citizens need pediatric Dental care?

    Does a gay man need labor room and delivery benefits?

    Does a Post menopausal woman need maternity benefits?

    The depths this president went through to perpetuate this lie is only outdone by the ineptitude of his administration to even make good on his signature legislation.

  • Report this Comment On March 01, 2014, at 10:08 PM, flyawaynow wrote:

    It's totally un-American to have a law that provides free health care to some, while others loose and can no longer afford their insurance. I could never accept free health care under this law and do not understand how anyone can? My neighbors and community mean something to me.

  • Report this Comment On March 01, 2014, at 10:21 PM, kaschulz3 wrote:

    I want to talk about dialysis. I cannot get a ride to and from 3 days a week, I don't qualify for a free ride and I live a 1/2 hour each way. Do you know I worked hard all my life and raised 3 sons. The reason I don't qualify is because I worked hard all my life and my ss went up, but now I can't get a free a free ride. Dialysis denies no one or they will not let people die, but I am close to...do you know how dangerous it is driving so far!! I could go off the road, or I could kill a carful of kids!!!!!GET ME A FREE RIDE...I have earned it and paid into it for many years!!!HELP ME. IT;S TIME!!!....Kim Schulz

  • Report this Comment On March 01, 2014, at 10:24 PM, txwick wrote:

    Good job americans who voted for the current leader. You will see all of your taxes, insurance, etc, go up. We will also see the gov't keep spending more than they take in until the world refuses to extend the credit card limit. If we are lucky enough to avoid that, it will be because we have successfully passed the "bill" on to our kids, grand kids, and great grand kids. Job well done!.....not

  • Report this Comment On March 02, 2014, at 1:23 AM, libbie7777 wrote:

    Why do you call your readers fools if that's how you feel there only foolish because 1 they dot agree with you and second for being a reader of your article . That's not a way to get new readers

  • Report this Comment On March 02, 2014, at 2:31 AM, TerryFlowers wrote:

    The Affordable Care Act (ACA) or Obamacare is not the solution to our nation's healthcare challenge. Neither the Republicans nor the Democrats seem to have an answer. Healthcare costs have been spiraling out of control for over three decades and something has to be done before it gets to the point that nobody can afford medical care. Even businesses are reducing the benefit that they will pay for their employees healthcare. ACA may have slowed the rise in costs but it has not brought it down.

    The only real solution for our nation is to remove the profit from healthcare. As long as profit is part of the equation there will be a conflict of interest in regard to providing care and the bottom line and all too often it is the patient that suffers as the bottom line is the priority.

    HR 676 is a single-payer, true universal healthcare plan. It would leave the medical providers as the owners and operators of their practices in the private sector as not-for-profit entities. It would eliminate the need for the for-profit healthcare insurance industry. The program would be paid for by increasing the Medicare tax to 4.5% (would be less than what most of us pay in insurance premiums now). Businesses would see their taxes rise as well (again would be less than the benefits they currently provide for their employees).

    HR 676 would provide comprehensive medical care at no cost to the patient and would include medical, dental and vision. No co-pays, no deductibles, no out-of-pocket medical bills. This would eliminate the bankruptcies and foreclosures that are the result of medical bills.

    HR 676 sometimes referred to as Improved and Expanded Medicare for All. Research this for yourself. There are a couple of good web sites to go to. One is Healthcare-Now and another is Physicians for a National Healthcare Plan.

  • Report this Comment On March 02, 2014, at 4:56 AM, DevonShire123 wrote:

    Since it's the Motley FOOL's job to lie to the public, you can bet there are no 'facts' in this story. Merely misdirection.

  • Report this Comment On March 02, 2014, at 7:35 AM, JePonce wrote:

    There is only on fact you need to know....particularly if you are a senior citizen.

    Obama and his Neo Communists sold us Obamacare on the bases that the U.S. has the highest Medical Costs of any nation, and that those costs must be cut.

    The only mechanism for cutting costs is his death panel, and even Paul Krugman, Democrat, Economist Nobel Prize winner acknowledges the death panel exists to cut costs.

    An individual spends around 40 years as a productive worker, paying taxes into the Federal treasury, into his Social Security and Medicare. In other words, the individual is a federal government meal ticket. The government even moves the unused portion of our Social Security taxes each month to the General Fund to spend as they see fit. There is no lock box as Al Gore claims.

    When the individual retires, he/she becomes a cost to the federal government, no longer paying in to the federal coffers, and becomes an expense in terms of greater health care requirements, and withdrawing Social Security and Medicare benefits.

    By intervening between the patient and the doctor, Obamacare will "ration" treatment costs, introduce an earlier appointment of the individual with his/her maker.

    If 100% effective, the individual can be eliminated before he/she collects all of their Social Security and Medicare benefits.

    Josef Stalin said, "Death is the solution to all problems. No man - no problem."

    And he said, "The death of one man is a tragedy. The death of millions is a statistic."

    Vladimir Lenis said, "There are no morals in politics; there is only expedience."

  • Report this Comment On March 02, 2014, at 8:03 AM, theisenhomes wrote:

    Obama is the perfect con. He's a grifter that is so smooth that, even now, many low information citizens don't believe it's a con.

  • Report this Comment On March 02, 2014, at 9:27 AM, pallmall wrote:

    It's nothing but a government rip off of the American public !

  • Report this Comment On March 02, 2014, at 9:53 AM, sabebrush6 wrote:

    According to the young people I have overheard, Obamacare is only for stupid people. It's the laughing stock of working American young people. Most of them could care less about the Unaffordable Care Act. It, like the president and his merry band of idiots - are a joke.

  • Report this Comment On March 02, 2014, at 10:01 AM, Oldseabee wrote:

    Very interesting.

    I'm sorry to say but I voted for Obama. He has proved to be very arrogant in his last term.

    That being said. I have never seen in my 64 years an insurance company go out of business. These companies will not loose a dime because of the Affordable Health Care Act.

    The only thing I see is that it created more paperwork for them.

    The insurance companies can't really loose; for them its a win, win.

    a. They get 4M plus new policies.

    b. The government has guaranteed them it will pay the difference.

    c. The government is basically forcing people to get insurance or be fined.

    How can the loose?

    We also forget that the Senators & Congressmen are the ones that have had a hand in all this.

    The presidents powers are a lot more limited than you think.

    If our government officials would take their jobs as guardians of the people and not the arrogant self serving and belligerent puppets of their parties; “WE WOULDN'T BE BROKE.”

    Republican, Democrat, Independent or Tea Party. They all need to go. If we refuse to act by voting them ALL out. Then we only have ourselves to blame.

    So if you are unhappy with any part of our government I would suggest you forget about the political that you are glued to. Take your head out of the sand. Put you and your country ahead of your sports interests and Help Us Re-Elect NO ONE! Only YOU can Prevent / Fix BAD Government.

  • Report this Comment On March 02, 2014, at 10:06 AM, OldJim51 wrote:

    Mr. Williams, you omitted one statistic that has a deeper meaning. Out of the 4 million enrolled, how many are making payment or completely opted out. Also, as pleasant is it sounds to you how long do you think insurance companies will operate at a loss? Lastly, over 1 million enrolled under the ACA can be compared to the over 3 million that lost the insurance plans they could afford thru private policies or work place.

  • Report this Comment On March 02, 2014, at 10:08 AM, ernaldo wrote:

    "" Obamacare could translate into 2.5 million lost jobs by 2024.""

    I'll bet its actually ten time that by 2024....

  • Report this Comment On March 02, 2014, at 10:10 AM, floydhowardjr wrote:

    “Who created the entitlement state and who sustains it? Democrats! Democrats keep adding to the unemployed! By the time they are voted out only one in ten Americans will be employed! If you lose your job, your coverage, your doctor, your insurance BLAME a Democrat. Next time you go and vote...remember WHO did this to YOU! DEMOCRATS!” Democrats keep adding to the unemployed! People Not In Labor Force Soar To Record 91.8 Million! Thanks Obama! Thanks spineless Democrats!”

  • Report this Comment On March 02, 2014, at 10:46 AM, ACAOK wrote:

    Facts? Misstatements? Spin - Bull - and lots of facts - what a mixture - but not all facts and a lot of bias showing

    1. There has been a continued solid enrollment since the site was fixed. Enrollment as counted by ACA signups - the best private site - counting those who bought qualifying plans direct from insurers is 4.4B - not counting Medicaid at all

    This is below the rate needed to reach 7 Million. Yet lets remember that 7 Million is a number first guessed by CBO and not a magic number to make this work. Those who want to see this continue and see what happens to care and supply and prices will be 100% satisfied with 6 million which appears to be the number to be reached given the poor start and the nonsense KOCH brothers are paying 100 million to broadcast about go without insurance and if sick let charity or others and taxes pay for you

    2. The young are not the group or type the actuaries want. The actuaries want - at any age the healthier v sicker. In the beginning the sickest enrolled. Those denied coverage before leading the race. Then those with crap policies who learned their insurers kept 40-50 cents on the dollar paid to them or learned they had internal limits of 50,000 all over the place in policies that appeared to have 500,000 caps.

    Most importantly - no one knows (other then company actuaries) what type of pool is already priced into the price for products today.

    When one compares what I see in IL it is clear to me that the prices are about 15% higher then comparable current prices. Companies made assumptions on the nature of the pool of first year buyers. Only dumb and dumber companies bet on tons of young and healthy. As the CEO of WellPoint said - the enrollment by age and type mirrors our expectations (so it can be a sicker population as long as that was factored in)

    3. Hispanics are not enrolling as expected. The key reason . Poor marketing AND THE FEAR of DEPORTATION are the two key reasons. A legal resident who can buy may have a brother or sister or mom or dad that is illegal and they fear putting the name on the rolls. Had we had a House of Rep bill passed by now - enrollment by this group would be on track - despite some early marketing mistakes now being corrected.(opinion)

    4. Yes - the irony. Kentucky - Miss - Texas - and many REP states who fight the ACA and navigators nonetheless are seeing large and growing enrollment.

    I suggest word of mouth? I suggest that REPS overplayed the negatives and people see this is indeed private sector? Or maybe its just that there are so many in need in those states (see Texas as example of state government that does not care for its lower half in income)

    5. Ok last comment. One huge massive lie in the list. Mis stating the CBO is outrageous in general but nearly a crime in an article that is supposedly laying out facts. The CBO did not say jobs would be lost - period.

    The CBO said that those near retirement and staying in a seat (job) just for health insurance - now that there are no prior condition exclusions can find coverage. And the prices for those in their 60s are far better. By law age 64 can only be 3x age 27. Before (right or wrong) the spread got as high as 7x !.

    So some 61-64 year olds may retire. Great

    Likewise some full time workers who would WANT to be part time to spend more time at home with kids - but need health insurance for their kids that only comes with full time can now reduce hours and buy (with subsidies) on exchanges. (Family Values?)

    This possible reduction in work force (not jobs) could at some point down the road hurt GDP and the economy. It will not hurt but will help in 2014-2020ish.

    Why?

    First - if we had full employment (4% or so unemployed is defined as full employment) then people leaving the work force could force companies to pay up (inflationary) or go with inferior replacements. Both bad impacts of people leaving the work pool on their own choice

    But with unemployment at 6.6% - with many skilled and experience workers without jobs - the possible early departure of some from the labor pool is GRRReat.

    I have been talking about this with friends for a year or more.

    This CBO noted freedom to leave a job (assuming other money or assets like 401K or pension) allows new college grads and current experienced laborers or management who can not find jobs to find them. So the person with the financial means to quit spends and spends and the person unemployed who did not spend - gets a job and spends.

    AS an economy 70% dependent on consumer spending this externality is a GIFT a huge GIFT

  • Report this Comment On March 02, 2014, at 11:04 AM, Freeman1791 wrote:

    I'm an amatuer musician. Here is a little song I wrote about Obamacare and DC in general.

    https://www.youtube.com/watch?v=CsiNj30ttgQ

  • Report this Comment On March 02, 2014, at 11:05 AM, syclonedave wrote:

    When obama leaves office is when the real devistation kicks in, but he will have done his damage and left.

    Socialist healthcare has no place in a free America. It's illegal, unaffordable, unwanted,biased, and only designed to bankrupt the middle class. Socialist healthcare is the pathway to communism.

    Obama promised that if you own it or built it...it's not yours.

    Since January, you are now seeing your wealth being taken away from you.

    We have let a Muslim raised, Arab named, Socialist schooled man with a past that is sealed from the public come to America and inflict Marxist/Socialis.

    Boycott obamacare, you arnt covered for much now anyway.

  • Report this Comment On March 02, 2014, at 11:11 AM, RobP wrote:

    It is a scam, pure and simple. Eventually it will collapse as will the dictator obama.

  • Report this Comment On March 02, 2014, at 11:17 AM, throdadart wrote:

    The problem with #7 is that there are people who will choose to work less and be subsidized by their fellow Americans rather than work more and not be subsidized. It is unclear how those 2.5M job equivalents will be filled. Could be with unemployed, could be employed workers gaining more hours or some combination. Fact is there will be people who choose a government subsidy rather then work when they could otherwise support themselves. It's immoral.

  • Report this Comment On March 02, 2014, at 11:20 AM, AsokAsus wrote:

    The numbers your report are the unvarnished propaganda numbers reported by the obama administration and which have already been declarted flat out lies by the Washington Post fact checker. Here are the problems with those numbers.

    1. The bulk of those signups are simply routine annual Medicaid renewals that occur every year, even without obamacare.

    2. The rest are a count of those who put a plan in a checkout cart on healthcare.gov, and obama refuses to release the number of those who actually bought a plan by actually checking out and paying the first month's premium.

    3. Of those that actually DID buy a plan almost all are buying replacement insurance for BETTER and less expensive plans cancelled because they did meet the regulatory requirements of obamacare.

    4. The number of actual uninsured prior to obamacare who signed up for a non-medicaid plan is very small.

    5. There are now MORE people who are uninsured than there were before obamacare BECAUSE of obamacare.

    This article is nothing more than a repetion of the propaganda lies being promulgated by the obama administration. I'm surprised you didn't repeat Harry Reid's and Chuck Schummer's recent declaration that EVERYONE who has been claiming they have been hurt by obamacare is lying, every last one of them!

  • Report this Comment On March 02, 2014, at 11:26 AM, AsokAsus wrote:

    The numbers in your report are the unvarnished propaganda numbers reported by the obama administration and which have already been declared flat out lies by the Washington Post fact checker. Here are the problems with those numbers:

    1. The bulk of those signups are simply routine annual Medicaid renewals that occur every year, even without obamacare.

    2. The rest are a count of those who merely put a plan in a checkout cart on healthcare.gov, and obama refuses to release the number of those who actually bought a plan by actually checking out and paying the first month's premium.

    3. Of those that actually DID buy a plan almost all are buying replacement insurance for BETTER and less expensive plans cancelled because they did not meet the regulatory requirements of obamacare.

    4. The number of actual uninsured prior to obamacare who signed up for a non-medicaid plan is very small.

    5. There are now MORE people who are uninsured than there were before obamacare BECAUSE of obamacare.

    This article is nothing more than a repetition of the propaganda lies being promulgated by the obama administration. I'm surprised you didn't repeat Harry Reid's and Chuck Schummer's recent declaration that EVERYONE who has been claiming they have been hurt by obamacare is lying, every last one of them! (Oh yeah, "If you like your doctor, you can keep your doctor. If you like your plan, you can keep your plan. Period." Don't forget that whooper stated 34 times by the President and each and every Democrat Senator who voted for this horror.)

  • Report this Comment On March 02, 2014, at 12:04 PM, Widowmaker6 wrote:

    Repeal and Replace.

  • Report this Comment On March 02, 2014, at 12:13 PM, walleye117 wrote:

    Silver and bronze plans were even more popular last month.

    What the article failed to say on this part was that the people are shocked to learn that they would have to pay thousands out of pocket expenses before they see any cost relief. It's been reported 20% of the people signed up failed to pay their first payment.

  • Report this Comment On March 02, 2014, at 1:09 PM, LadyMantle wrote:

    If they would start standardizing costs for procedures, treatments and medications across the board and making them commensurate with one's income or lack thereof, then perhaps the ACA would have earned its namesake. The way it is now, the sky is the limit. Once you sign up, they know where to find you and can seize your income, your property and end your life as you know it. No small wonder, many are looking for an exit strategy to free themselves from this tyranny.

  • Report this Comment On March 02, 2014, at 2:55 PM, obamasucksass wrote:

    The criminals bought and paid for by the bankers run this country. The bailout was one big bank robbery and they just walked away with billions, then he goes and gives 800million right after to israel. Donald Rumsfeld addressed the nation the day before 911. Said there is gross misconduct and an investigation is of utmost importance as the DOD has unaccounted for trillions of dollars!! With a T!! They hate the constitution because if protects the citizens. THey want to remove those laws so they can steal even more. Use the NSA to spy on all stock , bonds and who knows what else to insider trading. It all out take em for everything and then go to a place away from here with their families and cushioned jobs for them etc. All to screw over and rip off and kill millions of people world wide. All this nonsense we see is all created by bankers and the govt gave them so much money to keep up the horrible work and damage they have done. Fed reserve is and always has been a criminal org. Black mailing our president in 1913 to sign and push that ridiculous tax that is unconstitutional to this day. Why can we not unite? Why are we just going about our business? Our business is suffering now. My life is so messed up now, I cant find work that can cover my bills,everything is going up. I been looking for months and not even a call back or interview. I changed resumes 3 times and still nothing. its very bleak right now and so frustrating. We all watch as our corrupted political system made a mockery of the our country as they played so dirty, even criminal fraud and violated people rights that supported Ron Paul. THey were shaking in their boots and they had no grip over that guy. He was the one, he would of gotten us back on track after undoing the mess the previous 3 administrations had caused. Now his son is in no way near ROn`s level of genius and experience and unbelievable consistent track record of standing by our constitution. Its real simple for Ron Paul. He looks to our fore fathers and says what would Jefferson do? Then he goes to our founding principles that no matter how much time passes the constitution is all you need. What a group of geniuses that wrote it. They thought of everything that would come at this country and put it in. Look the idiots we have now!!! Senator last week called people liars that their healthcare went up. THey are treacherous bastards completely out of touch with the human race. They would not piss on this country if it were on fire. It is and they adding more wood to it to make the flames higher. I hope to hell something can bring the people together and stop this madness because the road it leads to is the mark of the beast. Its in the HR bill. People want to say it is not but the first 50% of what is need for it to come about IS! All it would take is an executive order and amend the text inside the phrase that forces people to have rdif chips for medical reasons. It only needs to be changed and they had to first get the law passed and get it into the foundation of our legislation. Get in grained so that it will cost too much and be to difficult to tackle and reverse later. THen the executive orders will come. We are witnessing the lowest form of humanity and they dont care if we know or not. Plausible dependability is rampant and lies to court with no accountability. But you or I go in the court room the book will be thrown at you for didily squat. It all about keepin and getting people into the judicial system to fund their corruption. See if we stop all at once paying taxes or lining their pockets with funds. They cannot operate. THey can pass what ever they want it will make no difference because if millions did this its game over. No way to enforce it. That is our biggest power play and it would force change in our favor. FOrce them out, clean house, shorten term limits, cap government pay, The politicians these days are so full of lies that regular people are running for office and thats who we need to go with. They are so upset at this that they willing to do it themselves because its that messed up and there is no other direction to go with it. People dont have the attention span to watch the news or read these days . Its all lies and manipulations of the truth anyways. You must go to alternative media sources now as what we grew up with and trusted are controlled by the same organizations and not separate, they report what they are told rather than penetrate events and get the facts. Just a bunch of pretty faced shape shifters reporting the news not FINDING it! WHatreally happened. com is a good one. Check that site out and you see a whole different side to new reporting. Real world reports in real words and expressions.

  • Report this Comment On March 02, 2014, at 3:03 PM, harrietmeaders wrote:

    The problem making Hispanics unable to register is many of them are not terribly literate in English. When they call a medical office to make an appointment they always ask for a Spanish speaking employee which sometimes is or is not available. They need to learn the language if they are living here and eligible for US benefits, like everyone else. I know people from Russia, France, and other countries living here and the first thing they did was learn "english". Then they "got a Job" and became a "citizen". This should be a priority for all as it was for my grandparents and parents when they came here. Then perhaps they too will be insured.

  • Report this Comment On March 02, 2014, at 7:30 PM, holiday wrote:

    This article is full of holes and bs. I quit reading this blog many years ago and decided to read this one for old time's sake. I remember why I quit reading it now! what bunch of crock!!

  • Report this Comment On March 03, 2014, at 9:23 AM, fujidan wrote:

    I don't want Obama's socialist health care. I will not sign up for it. I want Obama removed from office. I want all of Obama's minions removed from office. I want Obama's health care law/act repealed.

  • Report this Comment On March 03, 2014, at 3:14 PM, dragonmonkey wrote:

    @JamesM - Saying PERIOD with two exclamation points seems like a contradiction.

    @franksalot - 200 years ago we had slavery and women couldn't vote...not sure that's a great standpoint to argue from.

    @AKAOK - too long...blah, blah, blah

    @obamasucksass - please take your medication prior to posting next time

    @TMFUltraLong - I suppose you knew writing this article would bring out the loonies in force...kinda like when someone writes an article saying the price of gold will fall. I doubt you are reading all these comments, but I thought you made an effort keeping the article balanced. Thanks.

  • Report this Comment On March 03, 2014, at 3:27 PM, Mathman6577 wrote:

    > 1.In some aspects, Obamacare is the saving grace to millions of people who previously had no access to affordable health care. To others, Obamacare is the end of health care as we know it. As you might imagine, this major division of opinions on Obamacare has created a number of optimistic and pessimistic claims about what will happen next.<

    The reality is that the net effect is that more people have been adversely affected than helped: 6 million people have lost coverage (and had to sign up for more costly coverage). I'm sure many of the 4 million people that have "signed up" come from this category.

    >4. Most insurers are losing money from Obamacare -- and that's OK >

    We must be living in a parallel universe when losing money is OK.

    <7. Obamacare could translate into 2.5 million lost jobs by 2024>

    Another parallel universe statement that it is ok to decrease the number of jobs.

  • Report this Comment On March 04, 2014, at 11:35 AM, flightning wrote:

    9 "Facts" and 1 complete miss-read of the CBO report. 2.4 million people will leave the workforce because they don't need to keep their job just for the insurance. The "job loss" miss-read has already been thoroughly debunked. As my first grade teacher once corrected me, you must "read with comprehension".

  • Report this Comment On March 05, 2014, at 6:13 AM, Mathman6577 wrote:

    @flightning: It has been debunked by the left-wing media and ACA apologists because it doesn't fit into their fantasy world. The net effect will be 2.5M less "full-time equivalent" (FTE) positions which is how most private businesses (not the government or the media) calculate labor needs -- i.e. companies will need 2.5M less workers because of the effects of the law. And since the economy really is all about part-time workers more than 2.5M people will be actually affected by ACA.

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