A Surprising Obamacare Revelation You Probably Didn't See Coming

Six months ago today the rollout of Obamacare looked as if it would be a complete disaster. Having witnessed the implementation of Medicare Part D in 2006 I don't think there was a government official, or a citizen in this country for that matter, who expected Obamacare, an even broader-scope health-care reform, to go off without a hitch. However, I don't think there were many people at the Department of Health and Human Services who were fully prepared for the challenges that would lie ahead stemming from the architecture issues associated with Healthcare.gov and a number of state-run exchanges.

Six months later, though, a lot has changed. With enrollments closed for 2014, the Affordable Care Act managed to enroll 8.1 million people, 1.1 million more than originally forecast by the HHS. The final month of enrollments (March) practically saw enrollees double as procrastinators simply waited to the last possible moment to enroll without violating the individual mandate and being required to pay the penalty come tax time. This is a point I'd touched on in the past as an insurance premiums are viewed by some people as nothing more than a bill. Consumers in this case simply waited until the last possible moment to pay their bill.


Source: White House on Flickr.

The "deadbeat" debate
However, enrolling in Obamacare also comes with a renewed sense of responsibility for consumers. It's one thing for a citizen to enroll for health insurance, but it's a completely different and even more important thing that they pay their premium in order to keep their coverage current. In other words, Obamacare's enrollment figures are meaningless if a good chunk of citizens aren't contributing to the system.

The possibility that we'd have a number of deadbeat payers is quite real. In February, Yahoo! Finance via a New York Times article, noted that roughly one-in-five enrollees wasn't paying their first month's premium. Now keep in mind that in mid-February Obamacare enrollment figures were significantly lagging estimates, the software needed to take payments wasn't working properly in certain instances, and overall perception of the law was near a record low, and was being exacerbated by a number of technical glitches in the preceding months. Long story short, trying to compare the environment even three-and-a-half months ago to now is like trying to compare an apple to a pineapple. They both have "apple" in the name, but are nothing alike.

Source: StockMonkeys.com, Flickr.

I bet you didn't see this coming!
In fact, insurers recently testified before a Congressional subcommittee last month to report, perhaps to the amazement of select skeptics, that payment rates have averaged between a healthy 80% and 90%.

WellPoint (NYSE: WLP  ) , one of the nation's largest health-benefits providers, and the largest enroller of government-sponsored individuals, reported that up to 90% of its enrollees had sent in payments. While no one insurer can determine the success of failure of Obamacare, WellPoint does happen to be the largest contributor in terms of enrollment for 2014. Therefore, witnessing up to a 90% pay ratio is both a positive for Obamacare as a whole, as well as for WellPoint's bottom-line which is counting on costs from health individuals to help cover its costs to treat terminally ill and elderly patients that comprise the bulk of health care expenditures.

The story was similar for Aetna (NYSE: AET  ) , even in spite of the skepticism of its CEO Mark Bertolini. Out of the roughly 600,000 people who signed up with Aetna, a company spokesperson noted that 83% had made payments.

Also keep in mind that this testimony given to the Congressional subcommittee is from a few weeks ago, and it's quite possible with a number of enrollees signing up on the last day or even filing an extension that these payment figures could rise even further.

Mark Pratt, senior vice president at America's Health Insurance Plans, made a good point as well last month that system glitches required some individuals to reregister, creating the potential for duplicate enrollments for insurers. Essentially it could mean a slight overstatement in overall enrollment, but that the number of payments being received is actually higher than the 80%-90% being reported by insurers to the Congressional subcommittee.

All eyes on premiums
Why is it crucial for members to pay their bill? The amount of premium payments received by insurers is one of the larger factors that will help determine whether or not premium rates go up in 2015 (in addition to the actual age and health breakdown of enrollees). Simply put, if there are few deadbeat payers then it's probable that premiums would rise by a smaller amount. As we saw two weeks ago in my home state of Washington, most of the rate increase were modest, with one insurer actually requesting a nearly 7% premium reduction. This speaks to the idea that insurers have just as much of a learning curve to endure as the public.

Another often overlooked factor that will affect health insurance rates in 2015 that usually flies under citizens' radars is that the health insurance tax is set to balloon from $8 billion in 2014 to $11.3 billion next year. There's no way of dancing around this tax without a number of insurance companies increasing their premium to hopefully reach or improve their Obamacare-based profitability.

We're still quite a ways from finalizing 2015's proposed premiums, but the combination of better-than-expected enrollments in 2014 coupled with surprisingly positive premium pay rates may ultimately bode well for the consumer and investors when all is said and done.

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  • Report this Comment On May 31, 2014, at 1:46 PM, cupera1 wrote:

    The new taxes, which cost more than $675 billion over the next decade, include:

    • A 2.3 percent excise tax on U.S. sales of medical devices that’s already devastating the medical supply industry and its work force.

    The levy, which took effect Jan. 1, 2013, is a $20 billion blow to an industry that employs more than 360,000 working in plants across the U.S.

    Several major manufacturers have been impacted, including:

    • A $50,000 excise tax on charitable hospitals that fail to meet new “community health assessment needs,” “financial assistance” and other rules set by the Health and Human Services Department (took effect in 2010).

    • A 3.8 percent surtax on investment income from capital gains and dividends that applies to single filers earning more than $200,000 and married couples filing jointly earning more than $250,000 (took effect Jan. 1, 2013).

    • A $24 billion tax on the paper industry to control a pollutant known as black liquor (took effect in 2010).

    • A $2.3 billion-a-year tax on innovator drug companies (took effect in 2010).

    • A 10 percent excise tax on Americans using indoor tanning salons (took effect July 1, 2010).

    • An $87 billion hike in Medicaid payroll taxes for employees, as well as the self-employed (took effect Jan. 1, 2013).

    • A hike in the threshold for writing off medical expenses to 10 percent of adjusted gross income from 7.5 percent (took effect Jan. 1, 2013.).

    • A new cap on flexible spending accounts of $2,500 a year (took effect Jan. 1, 2013).

    • Elimination of the tax deduction for employer-provided prescription drug coverage for Medicaid recipients (took effect Jan. 1, 2013).

    • An income surtax of 1 percent of adjusted gross income, rising to 2.5 percent by 2016, on individuals who refuse to go along with Obamacare by buying a policy not approved by the government (took effect Jan. 1, 2013).

    • A $2,000 tax charged to employers with 50 or more workers for every full-time worker not offered health coverage (delayed).

    • A $60 billion tax on health insurers (effective Jan. 1, 2014).

    • A 40 percent excise tax on so-called Cadillac, or higher cost, health insurance plans (goes into effect Jan. 1, 2018).

  • Report this Comment On May 31, 2014, at 1:55 PM, SoCallaw wrote:

    Despite the doom and gloom forecasts of conservatives, Fox news, and the Republican Party, the Affordable Care Act is doing what it was designed to do. It is reducing the number of people without Health Insurance and over time, it is slowing the rate of increase of medical costs. We as a nation will be healthier and stronger as a result. This could not happen on a State by State basis because there are too many States controlled by conservatives who despise the Federal Government and want to see it dismantled, except for the military. Yes, we as a society pay taxes to support the common good.

    Always have and always will.

  • Report this Comment On May 31, 2014, at 2:23 PM, hbk72777 wrote:

    This scam hasn't even been fully implemented yet.

    Why don't we wait until next year to see the damage?

  • Report this Comment On May 31, 2014, at 2:29 PM, franxm15 wrote:

    Socallow, if memory serve's me right this bill was supposed to insure the 15-20 million uninsured it has done none of that. Half the people they are counting already had ins. but were dropped because of OB care. These are the people who are forced to sign up and they are the ones that are paying.

  • Report this Comment On May 31, 2014, at 2:31 PM, uwworker wrote:

    Proof positive - republicans do not have the common good in mind

    Tea baggers are all wet and totally spent - and the brits have drank their essence.

  • Report this Comment On May 31, 2014, at 2:35 PM, Fmrwlpemp wrote:

    Biased Much...How come Wellpoint is reporting a double digit increase for 2015???

    http://www.bloomberg.com/news/2014-03-25/obamacare-insurer-w...

  • Report this Comment On May 31, 2014, at 2:43 PM, ASV wrote:

    Note how carefully the author, Sean Williams, of this article words the main thrust, "insurers recently testified before a Congressional subcommittee last month to report, ....that payment rates have averaged between a healthy 80% and 90%."

    --He does not say that ALL insurers testified or that 90% of the insurers testified. This is key because only a small representation of the number of insurers can show up to testify and one can glean an average rate from that representation, yet it can be used to paint an optimistic illusion of how many enrollees have paid. If 5 of 20 total insurers testified, the average rate of payment reported by those 5 DOES NOT accurately reflect what the real payment rates are.

    --He cites WellPoint, the largest insurer in Obamacare, as having a 90% payment rate. Note that Sean does NOT say how many enrollees are in the WellPoint pool, a glaring omission compared to his citing 600,000 enrollees in Aetna. WellPoint could very well have 750,000 enrollees and still be called the largest insurer reporting a 90% payment rate. Well 90% of 750,000 enrollees does not amount to much out of 8.1 million. Additionally, Aetna's paltry 600,000 enrollees with a payment rate of 83% is far from impressive. Even if you add Aetna's paying enrollees to WellPoint's paying enrollees, it is not that much of a stretch that the REAL NUMBER OF PAYING ENROLLEES may NOT amount to much.

    Please Sean Williams, if you want to write accurately, have more transparency. You owe it your readers what the real numbers are. Please report the actual payment rate for the total number of enrollees. That would mean you actually have to work and beat the pavement to gather payment rates from EVERY insurer in the Obamacare AND the total enrollees for EACH insurer.

  • Report this Comment On May 31, 2014, at 2:44 PM, houdini101 wrote:

    8 million enrolled, of which 6 million already had insurance before obamacare. Not very impressive, but if you like the gov. healthcare our Veterans are getting you will love obamacare.

  • Report this Comment On May 31, 2014, at 2:50 PM, ferdiefor wrote:

    8.1 million sign ups. How many lost their insurance and signed up?

    Everything humanly possible will be done to prevent us from finding out but McKinsey and Associates believes 73% of the 8 million were previously insured.

    And if we upturned our entire health insurance system for less than 2 million NEW, NEVER previously insured. There will be hell to pay.

  • Report this Comment On May 31, 2014, at 2:50 PM, Goldenboys wrote:

    Gee....what's missing from this "fact" filled gush piece about the ACA is one major fact: Less than 4.5% of the 40,000,000 supposed uninsured have actually signed up and paid for coverage. McKinsey Consulting and the major brokers have found that 76% of the 8 Million "Enrolled" were previously insured. Of the 24% left, 22% actually paid for coverage. 22% of 40 Million= 1.76Million or 4.2% of the 40 Million! That's it....

  • Report this Comment On May 31, 2014, at 3:08 PM, entitled wrote:

    Oh yes, it's just wonderful given you must participate under duress. But wait, the next BONUS comes with the notice that you've lost your employee HC and that you're going into the exchanges. Your employer will give you a stipend to make up the difference we're told, buuuuttttttt....HC is now exempt from income tax in your paycheck if you have HC at work. Your stipend will be lopped onto your income (grossed up) and you will now pay income tax on your medical insurance! Yes, Obamacare just keeps on giving, doesn't it?

  • Report this Comment On May 31, 2014, at 3:10 PM, RFTECH3000 wrote:

    Let me fill in a few blanks that sean did not consider here !

    8.1M signed up and according to industry sources 80% paid up,( lets just disregard for a minute that the picture is incomplete because only 3 insurance companies reported so far) , but the initial concerns about non paying customers was centered around newly insured , people who did NOT have coverage prior to the ACA , the 8.1M however is a COMPOSITE of people who had coverage before AND newly insured and therefore the 80% figure can not be used but only the percentage of the uninsured !

    Altough HHS refuses to release numbers we know from a recent Mc Kinsey study that only 36% were uninsured before signing up , this translates into 2.9M people , now we know that 20% of all the newly enrolled did not pay up which equals 1.62M , this translates into 55% !

    So as you can see the picture changes dramatically if you focus on the uninsured

  • Report this Comment On May 31, 2014, at 3:16 PM, commiehunter1 wrote:

    I have a good friend who is pretty high up with Blue Cross, he said the major insurers have to paint a bright picture because if they can't make this system work the country will be screaming for single payer system. Single payer will put all of them out of business. He said he thinks the actual figures are about 50% are paying and most of them are older people above 40 years of age. He is pretty positive we will be asked to bail out the insurers because of their loses and there will definitely be premium increases

  • Report this Comment On May 31, 2014, at 3:23 PM, eldogg wrote:

    As someone who originally supported the ACA and what it was designed to accomplish, I would ask the author what good is 8.1 million people even if it beat targets when an overwhelming number (I believe something like 75%-80%) of them were not without healthcare insurance before? The ACA was targeted at getting insurance for the uninsured. I'm also told that next year, even the people who have insurance through employers will suffer because of the ACA. Sorry, but I want things back the old way. Don't really care about 8.1 million enrollees paying their premiums/fees.

  • Report this Comment On May 31, 2014, at 3:41 PM, jhs39 wrote:

    Obamacare still isn't going to work in the long run. It does virtually nothing to reign in the out of control costs we pay for healthcare services and prescriptions in this country compared with every other place on the face of the earth. In the end providing subsidies so people can buy ever more expensive for profit insurance is going to turn out to be too expensive and a lot of people who do have that insurance still won't be able to afford critical medical care or non-generic prescription drugs and will end up losing their homes or filing for bankruptcy if they get cancer or need major surgery. You can't fix a broken system by throwing more people into it.

  • Report this Comment On May 31, 2014, at 3:47 PM, RFTECH3000 wrote:

    Sean,

    please answer the following questions :

    1.) how many insurance companies TOTAL are participating in the ACA ?

    2.) did the data provided by the insurance companies cited in your article apply to both the federal and state exchanges ?

  • Report this Comment On May 31, 2014, at 3:51 PM, RFTECH3000 wrote:

    people who had coverage before but got cancelled are much more likely to pay their premiums , because they had coverage for years and since they are usually older are more responsible in their thinking , from the uninsured that signed up the ones with chronic illnesses or other pre existing conditions are the most likely ones to pay

  • Report this Comment On May 31, 2014, at 3:54 PM, Reliabledave wrote:

    To be blunt only fools go without a healthcare policy.And those that don't only leave behind their debt when they pass to those that loved them.Also those that simply believe that the old policies of the past were ample healthcare plans are sadly mistaken. One thing is for sure and a fact, good health is not a guarantee for those young or old. Only those that think so.

  • Report this Comment On May 31, 2014, at 3:59 PM, RFTECH3000 wrote:

    the Goal of the ACA was - supposedly - to extend coverage to the uninsured and to lower the rate of health insurance , NOT to move people that already had coverage around between insurance carriers !

    The CBO estimated that out of 28M UNINSURED , a total of 7M would seek coverage under the ACA during the first year - keyword here is UNINSURED !!! - therefore to be objective one can only count the number of the UNINSURED who enrolled, yet those numbers have been shrouded in secrecy and one can only wonder why , the argument that HHS does not have the numbers is hogwash but Surveys place the percentage of people who had coverage before in the 64-78% region !

    If those numbers are indeed correct than this explains just why HHS does not release the numbers because it indicates that the ACA failed to reach its main goal - to cover the uninsured !

  • Report this Comment On May 31, 2014, at 4:06 PM, iclarius wrote:

    The interesting part of all this is that a certain portion of these people who signed up already had health insurance. I wonder what the real # is for people who never had insurance before. No one tells the whole truth anymore. They give you the facts that they need to sway you to their viewpoint.

  • Report this Comment On May 31, 2014, at 4:06 PM, griffintalley wrote:

    So in February, 1 in 5 were not paying their premiums, so 20% we not paying their premiums. Now we have 80 to 90% paying their premiums and we were concerned in February and excited now? That still means that as many as 20% are not paying their premiums. Looks like the numbers in February were right because the numbers now are the same. So why the big difference in attitude? Anyone can use numbers to put a good spin on anything. I applaud the writer of this article for doing just that. I wish that there were honest journalist in this country instead of right or left leaning politicos.

  • Report this Comment On May 31, 2014, at 4:12 PM, steveR1000 wrote:

    What this article does not point out is that these ACA insurance plans all have coinsurance and high deductibles. People paying the monthly premium will soon realize that their insurance doesn't pay for much unless they have chronic or catastrophic medical events. Also many of the groups and hospitals are not taking these plans; some groups are forced into taking it but then refuse to see the patients. Also many specialists are going out of network, which then has usually 2 times the deductible. ACOs are actually a way to increase the price that insurers pay. Bottom line, is over the next 2 years there is going to be a revolution in healthcare. If physicians are smart they will come together and take control. Perhaps all this will lead to a more normal market with patients paying directly for their care and new, more cost effective care delivery models emerging.

  • Report this Comment On May 31, 2014, at 4:38 PM, yardomd wrote:

    Politics are a wonderful way to make money by doing a lot of talking.

    Just buy quality stocks for $200 per month, let them grow at 20% per year.

    Do nothing else, become a millionaire in 30 years.

  • Report this Comment On May 31, 2014, at 4:49 PM, peterrabbit1 wrote:

    This article distorts the facts, and ignores others.

    I will cancel my subscription Monday.

  • Report this Comment On May 31, 2014, at 5:51 PM, OldJim51 wrote:

    Obamacare based profitability, how many times in the last 30 years have liberals denounced big insurance as the ultimate example of greed and corruption. Making profits off the back of the sick and elderly. Now with mandatory enrollment it OKS for insurance companies to make even larger profits. How about the house ethics committee look into the portfolio of Reid and Pelosi? Will Obama be looking at speaking engage at insurance seminars? Just a couple of questions that will be swept under the rug,

  • Report this Comment On May 31, 2014, at 6:35 PM, rattler15 wrote:

    If ObamaDontCare is this successful, they should't need any subsidies and they should be able to rescind all those taxes. Next thing you know, congressmen will be eschewing their health plans and signing up for ObamaDontCare.

  • Report this Comment On May 31, 2014, at 7:33 PM, SmarterthanUR53 wrote:

    Obama knew all along this would blow back in every ones face cost more as other insurance either drop you are raise their rates. What part of this do you not get Obama is not out to help America but to bring it to it's knees.

    Oh to all you trolls out there I really don't care if I can't put a sentence together but if this pisses you off then wow you can read.

  • Report this Comment On May 31, 2014, at 7:57 PM, PictouGene wrote:

    Let's flash back to 1907, Kitty hawk, NC. Naysayers and GOP/TP'ers heard to say:

    But it can't carry passengers; it can't drop bombs; it has no use to the military; and, as was said by several members of Congress and several Navy admirals, it has no use in the Navy, and can't even neutralize a battleship. Thirty years later, battleships were obsolete, mothballed and for all practical purposes, useless.

    The same timeline will occur for the ACA: five years from now it will be running like a well o9led watch, and the GOP/TP will have egg all over its collective faces.:

  • Report this Comment On May 31, 2014, at 8:00 PM, zorian wrote:

    Well, lots of facts seem to be missing. The deadbeat issue stemmed from the belief that people who had NEVER paid for insurance (the people who were supposed to benefit the most from Obamacare) might not pay for this, either. But, the people who signed up was comprised primarily of people who LOST their old insurance and had to replace it and people who had pre-existing conditions and NEEDED insurance. THESE people will pay. The 8.1 Million was also a very contrived figure in that it included about 3 MILLION people who PAID NOTHING because they are NOT on the ACA but on Medicaid because the ACA changed the rules for Medicaid. We won't know if the deadbeat prediction was valid UNTIL, UNLESS and IF the 30 million uninsured actually DO sign up down the line. At the moment, it appears they have no interest because it isn't FREE like all their welfare, food stamps and other government programs.

  • Report this Comment On May 31, 2014, at 9:14 PM, segarolow4 wrote:

    Its not doing a thing.. But making this worse!

    But then O Idiot and the fools in DC can care less!

    just wait until you go to your Doctor and told they must ok this.. And 8 weeks later you are still waiting.

    Are well we don't cover that... Now.. And you have cancer....

    Wake up Idiots..

    The train wreck is just starting..

    And how about the people that had Ins and were doing fine. And now have to pay 50% more. For much less.

    Wake up call. It not going to work...In the end..

    Remember you can keep your Doctor and Ins if you like it.

    One big Lie from the fool running the USA into the ground..

  • Report this Comment On May 31, 2014, at 10:06 PM, 12yogi wrote:

    Author forgot to mention the 7 million that no longer have insurance due to this ludicrous law. Also, the majority of those that signed up are on Medicate and many of those who signed up receive subsidies. Is this, can it ever be called a success? What about the government (our tax dollars) "bailing out those companies who lose money attempting to keep the premiums lower! This law is a lose, lose situation at it's best and a catastrophy at it's worse. There already is limitations on care and medicines (rationing) for some, particularly the elderly!

  • Report this Comment On May 31, 2014, at 10:23 PM, cyfan2000 wrote:

    I don't understand why payment by enrollees is a surprise. Most that signed up had insurance before. So by definition, 80% were already used to paying.

  • Report this Comment On May 31, 2014, at 10:57 PM, JePonce wrote:

    It is already working like a well oiled machine.

    In addition to the 8.1 million who could not afford insurance and still cannot afford it...the costs will be covered by the middle class taxpayer.

    The other 30 million applicants are now assigned to Medicare and Medicaid that could not afford insurance will also be covered by the middle class taxpayer.

    Obama's death panels work marvelously. The Veterans Administration delays necessary treatment until oyer disabled vets die, and Medicare and Medicaid dictates and delays necessary treatment for the poor and the elderly until they die. There are examples by the 10's of thousands.

    Not to mention the Obama bill entitled The Medicare and Medicaid Liability and Recovery Act of 2012, that places a lien on the real estate and personal property of all recipients of either program to be collected upon the recipient's death.

    Not a bad deal for government. Citizen "A" pays his medicare every month until he/she retires at age 65. Along comes Barrack and signs citizen "A" up for Medicare. 2 years later citizen "A" has a stroke. Citizen "A" receives medicare health benefits. Citizen "A" need more medicare paid benefits. Medicare says "no, you are costing Barrack too much. You must die." Citizens "A" does what he is told and dies. Citizen "A"'s children inherit the family home. Barrack say, "Not before OI get my share."

    What a great program for Barrack and his Neo Marxist supporters in Congress, corrupt attorneys 80% of whom are Leftists, Leftists supporters of all ilk...including gays, abortionists, public and private unions, anti-freedom brigade, anti-gun brigade.

    A match made in heaven....but they do not believe in heaven..just greed for power and other peoples money.

  • Report this Comment On June 01, 2014, at 12:16 AM, boggyking wrote:

    We just have to pass this to find out what's in it.

  • Report this Comment On June 01, 2014, at 7:28 AM, oreally1954 wrote:

    If Obamacare is so great then why are federal government officials, especially congress and their staff excluded?????? Hello.... hello.... anybody there?

  • Report this Comment On June 01, 2014, at 7:37 AM, JGDTexas wrote:

    The AFA was supposed to provide insurance for the un-insured, saying nothing about actual CARE. The 8+ million number thrown around includes something like 70%+ that were previously insured but displaced by AFA. That's quite an accomplishment. The Gov't also had the propensity to count people who were put into Medicaid. The rollout that cost probably a Billion $s by now and still not complete since the backend to pay insurers isn't done will cost yet more. It was the usual Gov't inept job and the taxes as noted will be another useless drain on the economy. This stuff is just peripheral noise. AND, this will all pale in comparison to what is going to happen to healthcare delivery. Keep in mind, the President is on record saying he wants single payer. You can translate that to a VA-like system. Now that system has always been working wonderfully, hasn't it??? Buckle your chinstraps.

  • Report this Comment On June 01, 2014, at 7:42 AM, Rufusmlk wrote:

    OK if I get back to you when WellPoint, Aetna and America's Health Insurance Plans latch on to the public teat squealing about the necessity of uncle sap bailing them out because they're losing money because of obamacare? No, you'll be on to the next slobbering love affair the slimestream media is ordered to slime in an effort to prop up failed democRAT actions.

  • Report this Comment On June 01, 2014, at 7:59 AM, tauntonuk wrote:

    8.1 million out os 300 million people in the u.s. an astounding percentage,would'nt you agree??? glory be to lord obummer

  • Report this Comment On June 01, 2014, at 8:09 AM, jrosiak2 wrote:

    It amuses me that the opponents of the ACA are still trying to misinform people and tell them to wait until next year.

    In the long run the ACA is going to save the country money while improving healthcare which is currently in sorry state.

  • Report this Comment On June 01, 2014, at 8:11 AM, CramRenraff wrote:

    Uh, 80% paying is still 1 in 5 NOT paying. Trying to be tricky with the numbers doesn't make them any better.

  • Report this Comment On June 01, 2014, at 8:15 AM, spydercoendura wrote:

    Since releasing their 8.1 million number, the Obama administration has instituted a moratorium on release of any further enrollment figures (such as how many actually PAID) If there was one word of TRUTH to this propaganda screed, Obama would be flaunting the figures, not keeping them secret. Recall this is the same administration that got caught recently releasing deportation stats that included people turned away by customs at the border as "deportations".

  • Report this Comment On June 01, 2014, at 8:39 AM, rdmcdonald48 wrote:

    IF you REALLY want to find out what American's (and others) think of "Obama-care", get off your lazy butts and get out and talk to people.

    As an insurance adjuster I travel FL, GA, AL and MS and when this topic comes up - people are "hot", and not in a good way. Many of the shop employees have seen their business provided health care costs double. Seen the deductibles double. Seen the co-pays go up by as much as $ 20 per prescription. And there has been NO significant wage increases to off-set the costs being incurred by the employee.

    You people who sit on a computer and read the crap that is being disseminated by this administration and swallow it hook, line and sinker as to how ""wonderful" this is, are just as stupid as they need you to be.

    Look around you - the rats are jumping off Obama's ship, the scandals are catching up and "we the people" have been hosed by one of the greatest snake oil salesman in history.

  • Report this Comment On June 01, 2014, at 9:49 AM, Cobra79 wrote:

    Sean Williams,

    From an investors perspective this a very poor post. Your analysis is shallow, gullible and it looks like you cut and pasted most of it from the NY Times. You are welcome to your political opinions, but I think there are more appropriate boards for you to post them on. This type of post serves no purpose but to undermine your credibility as an investment analyst.

  • Report this Comment On June 01, 2014, at 9:53 AM, Crazykat wrote:

    I think that the Obama care is a front to take American money to overseas >> Obama has robbed us under our nose.

  • Report this Comment On June 01, 2014, at 9:57 AM, mcphig wrote:

    Don't start blowing your horn just yet. The people paying are the hard working Americans who already had insurance and were forced to buy Obamacrap against their wishes. They know that the full force of the IRS can come down on them if they don't get in line. They are paying out of fear of repercussion. The deadbeats will always be deadbeats and allow the rest of the country to carry them.

  • Report this Comment On June 01, 2014, at 8:48 PM, TexRoth wrote:

    3 DELAYS (Sept 2013, Jan 2014, Mar 2014) and further extension enrollment to May 2014.

    Not to mention BILLIONS of dollars spent in promoting it and getting 1% of the uninsured to enroll.

    That is a TOTAL FAILURE.

  • Report this Comment On June 01, 2014, at 11:17 PM, Jim8 wrote:

    None of these comments seem to come from anyone who has been affected by the ACA.

    Here's my story:

    I was lucky enough to retire a couple of years ago at 59. One of my benefits was a retiree plan which allowed me to keep the generous medical I've always had with my private employer, a nonunion aerospace company. My budget was based on the numbers as they were given at my retirement.

    Then the Affordable Care Act came along. I lost my medical because of the exchanges.

    The cheapest plan available is only a little more than I paid as my "contribution" last year, which was 10% of my wages, but it was good health insurance that covered me 100% no matter what happened.

    Now I'm expected to pay 12% for a policy that covers nothing until I pay another 10%, pre tax. In real dollars that adds up to better than 25% of my income.

    I did signup and pay, but LACare screwed up both the payments and the coverage. I had a physical at the end of last year and had an appointment to go over it in January. I was refused coverage as the doctor's office could not find any evidence so I paid cash, $35.

    That was an eye opening moment as the price for cash was less than I expected. I then priced x-rays ($62) and MRIs ($440) and found that the cash price

    was 1/3 of what I would be paying if I had insurance that didn't cover these until I paid off the deductible.

    Since I realize I would never pay 1 cent towards that deductible (I'd pay the lower cash price) insurance was useless. Add to that they sent me a late notice in April because they didn't deduct the payment from my account.

    I found myself owing $2,000 on health insurance that was looking more and more like a burden, so I decided to go uninsured until they come up with something I can afford that is really health insurance.

    So, I was insured, but now am not, and health insurance as it is isn't in my future, because it's a cruel hoax.

  • Report this Comment On June 01, 2014, at 11:24 PM, Jim8 wrote:

    I think health insurance should reward those who take their health seriously, unfortunately, this mess does the opposite.

    You can smoke all you want, eat the wrong things, be as overweight as you can be, never take care of yurself in any way, and you will pay the same as anyone else your age.

    If you are healthy and older, you pay the most.

    Every time I see a fat guy eating fast food while smoking a cigarette it pisses me off because I'm paying for his health care.

    I should pay at least the same as that fat guy, but no, I pay the maximum even though I have no health issues.

  • Report this Comment On June 02, 2014, at 12:55 AM, j3k3l36 wrote:

    Wonderful Spin !! This plan to get coverage for uninsured people is rife with lies, half truths, smoke and unsupported numbers. there are some 6 States, including the Famous Massachusetts, home of Romneycare; that have web sites that do not work. Between 6 and 7 million people LOST their coverage and were FORCED to apply for Obummercare. and just wait till the next enrollment period, when the numbers will rapidly climb into the stratosphere. Then factor in the various "Waivers" that were Granted by the All Powerful Obummer so that the REALLY BAD NEWS would not be found out till after the Midterm Elections. Where will all the supporters of this abomination be then? Will they retract their earlier statements and be as forthright in reporting the horrible truth? or will they continue to spin the bad news,m or will they simply refuse to report on it at all?

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