The Hangover

The Hangover

 Yesterday the White House and Obamacare supporters celebrated seven million “enrollments.” But while they celebrate, today’s reports show insurance companies fear outrage over coming rate spikes due to Obamacare, and small- and medium-sized businesses will be forced to increase costs or lay off employees. Maybe that’s why Americans are still sour on the law: A new poll shows 40 percent of voters are less likely to vote for a candidate who supports Obamacare.

 

OBAMACARE SUPPORTERS CELEBRATE ENROLLMENTS

Seven Million “Enroll” In Obamacare And Supporters Celebrate. “After 7 million people signed up for Obamacare, an unexpectedly sunny end to a dreary enrollment process, Democrats outlined plans Tuesday to step up attacks on Republicans for wanting to repeal the health care law.” (James Hohmann, “Vulnerable Democrats still wary of Obamacare,” POLITICO, 4/1/14)

 

BUT HOW MANY ARE REALLY ENROLLED?

White House’s Definition Of Enrollment Includes Those Who Have Not Paid. “When the Obama administration releases health law enrollment figures later this week, though, it will use a more expansive definition. It will count people who have purchased a plan as well as those who have a plan sitting in their online shopping cart but have not yet paid.” (Sarah Kliff, “Who counts as an Obamacare enrollee? The Obama administration settles on a definition,” The Washington Post, 11/11/13)

Insurers: One-Fifth Haven’t Paid, Which Is The Final Step In Completing Enrollment:

One In Five Haven’t Paid First Month’s Premium, “The Final Step In Completing An Enrollment.” “One in five people who signed up for health insurance under the new health care law failed to pay their premiums on time and therefore did not receive coverage in January, insurance companies and industry experts say. Paying the first month’s premium is the final step in completing an enrollment.” (Robert Pear, “One-Fifth of New Enrollees Under Health Care Law Fail to Pay First Premium,” The New York Times, 2/13/14)

Obama Administration Doesn’t Know How Many Have Paid, With “Back-End” Of System Unfinished. “Obama administration officials said they did not know how many people signing up for coverage had paid their premiums because the government had not finished building the ‘back end’ of the computer systems needed to pay insurers.” (Robert Pear, “One-Fifth of New Enrollees Under Health Care Law Fail to Pay First Premium,” The New York Times, 2/13/14)

 

HEALTH INSURERS SEE MASSIVE RATE INCREASES ON THE HORIZON

 Affordable Care Act Isn’t So Affordable:

Reuters: “U.S. Insurers Fear Backlash Over New Obamacare Rate Increases” (Caroline Humer and David Morgan, “U.S. insurers fear backlash over new Obamacare rate increases,” Reuters, 4/1/14)

·      CarefirstBluecross Blueshield CEO: “‘I Do Think That It’s Likely Premium Rate Shocks Are Coming.’” “‘I do think that it’s likely premium rate shocks are coming. I think they begin to make themselves at least partially known in 2015 and fully known in 2016,’ said Chet Burrell, chief executive officer of CareFirst BlueCross BlueShield.” (Caroline Humer and David Morgan, “U.S. insurers fear backlash over new Obamacare rate increases,” Reuters, 4/1/14)

Washington Free Beacon: “Cleveland Clinic CEO: 3/4 Of Obamacare Signups Will Face Higher Premiums”(“Cleveland Clinic CEO: 3/4 Of Obamacare Signups Will Face Higher Premiums,” Washington Free Beacon, 3/30/14)

 

OBAMACARE WILL INCREASES COSTS FOR BUSINESSES OF ALL SIZES

The Wall Street Journal: “The Law’s Insurance-Company Fee Will Raise Premiums And Kill At Least 146,000 Jobs.” (Bernie Marcus, “ObamaCare’s Hidden Hit On Businesses,” The Wall Street Journal, 4/1/14)

·      New Obamacare Tax Will Hurt Small- And Medium-Sized Businesses By Increasing Costs Or Laying Off Workers. “Since most large companies self-insure, they aren’t affected by the new [health-insurance] tax. But smaller- and medium-size businesses don’t have that luxury and will bear the brunt of the tax. Many will be forced to raise their employees’ share of premium payments or, worse, lay off workers to pay the escalating costs of health care for their core employees.” (Bernie Marcus, “ObamaCare’s Hidden Hit On Businesses,” The Wall Street Journal, 4/1/14)

Large Companies Will See Cost Increases Between $4,800 and $5,900 Per Worker. “Large companies, including Fortune 500 firms, expect to face costs between $4,800 and $5,900 per worker over the next decade from provisions in President Barack Obama’s signature health care law, according to a new think tank that represents those corporations.” (Jason Millman, “Large employers see costs from Obamacare,” The Washington Post, 4/1/14)

 

THE LAW REMAINS UNPOPULAR AMONG MAJORITY OF VOTERS 

Poll: Majority Oppose Obamacare, 40 Percent Less Likely To Vote For Candidate Who Supports It. “The poll found a majority of people oppose ObamaCare, and 40 percent said they’re less likely to vote for a candidate who supports the healthcare law.” (Rebecca Shabad, “Poll finds midterm advantage for Dems,” The Hill, 4/2/14)

TIME: “Poll: Obamacare Support Hits New Low” (Maya Rhodan, “Poll: Obamacare Support Hits New Low,” TIME, 3/28/14)

·       Only 26 Percent Support Obamacare. “The Associated Press survey found that only 26 percent of Americans support the Affordable Care Act, President Barack Obama’s signature domestic achievement.” (Maya Rhodan, “Poll: Obamacare Support Hits New Low,” TIME, 3/28/14)

 

MEANWHILE, SENATORS’ PROPOSED LEGISLATION TO “FIX” OBAMACARE DEEMED A PR STUNT

Group Of Senators, Including Landrieu And Begich, Introduced Proposals Designed To Fix Obamacare. “Eager to respond to the angst over the Affordable Care Act, a group of six moderate Democratic and Independent senators have introduced a series of policy proposals designed to fix the health care law.” (Sam Stein, “Obamacare Modification Proposals Unlikely To Get A Vote,” The Huffington Post, 3/27/14)

Senate Democratic Aide: The Move Is Just A PR Stunt. “The group’s repackaging of these ideas, a Senate Democratic aide said, carried the unfortunate whiff of a public relations stunt.” (Sam Stein, “Obamacare Modification Proposals Unlikely To Get A Vote,” The Huffington Post, 3/27/14)

Leave a Reply

Your email address will not be published. Required fields are marked *