Most attention in the Obamacare rollout has been on the individual mandate to buy insurance from an approved “exchange.” But small businesses, those with 50 or fewer employees, have an exchange of their own that they can buy from. But that part of the HealthCare.gov website isn’t working either. So the administration is delaying that part of Obamacare for a year. [Read more…]
The deadline for signing up for Obamacare is December 15, if you need the insurance to kick in at the beginning of the year. That’s less than a month away. The website still doesn’t work, and the techs that are trying to fix it say they won’t get it done by the November 30 deadline. Even if they do, that gives Americans without insurance just two weeks to sign up. (There is a February 15 deadline for signing up without penalty, and an end-of-March deadline as the last chance to buy insurance on the exchanges.) At last count, only 2% of those who need to have signed up so far.
If they can’t sign up, people whose independent policies have been cancelled will be left without insurance at the beginning of the year. But President Obama’s decree that they should be able to keep their policies for a year is creating even more problems.
Insurance companies have already set their rates for next year, based on the assumption that those policies would be discontinued. If those old policies are put back in place, that will throw off the quotes they have already been making. This not only throws off insurance companies, it throws off the financial model Obamacare has been depending on. Details after the jump.
What Republicans were vilified for trying to do with the shut-down, President Obama did of his own free will. He delayed the full implementation of Obamacare. He said that he would postpone for one year the requirement that individual insurance plans that people currently hold have to include all of the required bells and whistles or get cancelled. His promise that if people like their current plan they can keep it will be honored–for one year. [Read more…]
Obamacare train wreck update: First of all, the efforts to fix Healthcare.gov will not meet their end-of-the-month deadline for fixing the site. Second, the numbers have been released for how many people have signed up for Obamacare insurance exchanges. It turns out that far more people have had their health insurance policies cancelled because Obamacare makes them illegal than have signed up for the government-approved policies. [Read more…]
The most serious aspect of the Obamacare trainwreck, if it holds up: According to a Gallup poll, 78% of Americans who do not have health insurance say that they will NOT sign up for Obamacare. [Read more…]