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On October 1, Obamacare’s subsidized insurance exchanges went live. Most of the exchange websites crashed on the first day, a development that led some of the law’s supporters to conclude that there was overwhelming demand for Obamacare’s insurance products. But the Obama administration isn’t releasing figures as to the number of Americans who have actually signed up for exchange-based coverage. “Very, very few people that we’re aware of have enrolled in the federal exchange,” said one anonymous insurance industry official to the Washington Post. “We are talking single digits.”
Exchange agencies walk back high-traffic hype
Other exchanges have had to pare down their initial statistics. Covered California, that state’s subsidized insurance exchange, initially claimed that its website had received 5 million hits on October 1. They later had to revise that number down 87 percent, to 645,000. KUSI-TV in San Diego is reporting that not one policy has yet been sold on the California exchange.
According to Megan McArdle, high traffic alone doesn’t explain why the federal healthcare.gov website is having so many issues. For example, the drop-down boxes for security questions aren’t working, which shouldn’t be a traffic-related problem. “The drop-down thing is mystifying,” a programmer source told McArdle. It “could very easily be because deadline pressure caused them to take some shortcuts that impacted their ability to scale.”
Glitches around traffic and web server loads will be relatively easy to fix. The real question is this: will healthier and younger individuals, who stand to face steep premium hikes under Obamacare, pay up? A Manhattan Institute study I helped conduct suggests that average to younger-than-average men will face underlying rate hikes of 97 to 99 percent, with women facing increases of 55 to 62 percent.
AAF: 30-year-old men face average premium hikes of 260%
A new study from the American Action Forum that looks at healthy 30-year-old men finds that underlying premiums for those individuals will increase by an average of 260 percent. The AAF study compared the least-expensive plans available today to the cheapest plans on the Obamacare exchanges, as did the Manhattan Institute study. The MI analysis, by contrast, adjusted those pre-ACA rates to take into account sicker individuals.
In a sense, the AAF study is more relevant to the problem at hand. Obamacare makes healthy people pay more for insurance in order to subsidize sicker people. It makes younger people pay more to subsidize older people. It makes men pay more to subsidize women. It makes everyone pay more to cover benefits, taxes, and fees that consumers might not ordinarily want.
Keep an eye on who enrolls, not just how many
I fully expect that the people who get a good deal out of Obamacare—poorer and sicker individuals—will sign up. The enrollment figures will increase. But the real question isn’t how many people enroll: it’s what kind of people enroll. Two-thirds of the uninsured in America are under the age of 40. What will be the average age of an enrollee on the exchanges? If most enrollees were born before or during the Nixon administration, start worrying.Comment
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This. You can tell who is for or against obamacare based on their demographic."Obamacare makes healthy people pay more for insurance in order to subsidize sicker people. It makes younger people pay more to subsidize older people. It makes men pay more to subsidize women. It makes everyone pay more to cover benefits, taxes, and fees that consumers might not ordinarily want."
You can see why obamacare is a dirty word on this website based around generally healthy and financially secure young-to-middle-aged men.When the government pays, the government controls.Comment
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260%!? What the fuck!?
Fuck this.Comment
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Social Security is also loved by the people that are getting something out of it, when the service runs dry though the people that paid into it for 50 years and can't get a dime out are going to be pretty pissed off. At least the ones smart enough to see it happening will. To me it's another tax, there isn't any way to figure out how much money it set aside by the government for your personal retirement and you can't control how it's used.Originally posted by 46Tbird View Post
Obamacare is going to be exactly the same thing. Lots of people will pay into it, a few will benefit. Eventually we won't even notice the deduction and the sheeple will wonder why crazy conservatives complain about it.Comment
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Obamacare Facebook Erupts with Citizen Sticker Shock
On Thursday, the government's official Obamacare Facebook page was riddled with people expressing sticker shock over the government's high cost premiums after struggling for hours to wade through the technical failures vexing Obamacare exchanges all across the country.
"I am so disappointed," wrote one woman. "These prices are outrageous and there are huge deductibles. No one can afford this!" The comment received 169 "likes."
"There is NO WAY I can afford it," said one commenter after using the Kaiser Subsidy Calculator. "Heck right now I couldn't afford an extra 10$ [sic] a month...and oh apparently I make to [sic] much at 8.55/hour to get subsidies."
Another person shared a link found on the federal government's main Obamacare page listing premium estimates for small business employers:
The information is not very complete as I don't see anything about deductible or other detailed info, but it does given an actual price as to the "Premium." It is VERY SCARY!! For example, my insurance plan right now for my spouse and I costs $545 a month with 100% coverage after my $2500 deductible. We are both 32 years old. When I looked at this site for 80% coverage it says it will be $954.78 a month!!!! So compare my old Plan: 100% coverage for $545 a month To New Plan: 80% Coverage for $945 a month. This is only only an estimate but it is VERY Scary for me to see this kind of increase in rates and reduction in benefits!
A single mother of two said she is in school and working full-time while living "75% below the poverty level." She said she was shocked to learn she did not qualify for a healthcare subsidy. "Are you F'ing kidding me????" she wrote on the government's Obamacare Facebook page. "Where the HELL am I supposed to get $3,000 more a year to pay for this 'bronze' health insurance plan!?!??? And I DO NOT EVEN WANT INSURANCE to begin with!! This is frightening," she wrote.
Amid scores of comments expressing frustration with technical failures, one woman said she is "just amazed you could even get to the point of seeing pricing" and that she had been trying to access the system for three days to no avail.
Obamacare sticker shock will not affect millions of low-income Americans; a New York Times analysis published on Wednesday found that Obamacare "will leave out two-thirds of the poor blacks and single mothers and more than half of the low-wage workers who do not have insurance, the very kinds of people that the program was intended to help."
Obamacare will cost taxpayers an estimated $2.6 trillion over the next 10 years."Self-government won't work without self-discipline." - Paul HarveyComment
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I have a feeling that a lot of people are going to change their minds about Obummercare. Of course, you will still have the IDIOTS that will vote for him , no matter what.Comment
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See how much it'll cost you!
Don't forget to vote in the poll.
"Self-government won't work without self-discipline." - Paul HarveyComment
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Sent from my SAMSUNG-SGH-I317 using Tapatalk 22015 F250 PlatinumComment
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That is with how many kids?Originally posted by fordracing19 View Post
Sent from my SAMSUNG-SGH-I317 using Tapatalk 2"No free man shall ever be debarred the use of arms. The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government"
-- Thomas Jefferson, 1 Thomas Jefferson Papers, 334Comment
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I played with the numbers. I started with myself, wife and our child and at my current income there were no tax credits. I had to bring our combined income down to $70,000 to see the first bit of tax credit. For the same level of coverage my insurance would go up 300%.
Even if we made $70,000 a year and our family didn't change, we would be paying $900 a month for insurance. So just under $12k. For most people in that income bracket that is a house payment. So the American dream is not owning your own home it is being forced to spend that money on health insurance.Fuck you. We're going to Costco.Comment
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The household income only goes up to 200K? That is pretty useless...Comment
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