Obamacare Archives - Money Morning - Only the News You Can Profit From
How Obamacare Has Failed the Uninsured in One Chart
That the Affordable Care Act has so far fallen well short of its primary goal of providing coverage for most of the nation's 48 million uninsured has become increasingly clear as the sign-up data has trickled out.
So far, 3 million people have signed up for Obamacare, less than half of the target number of 7 million enrollees estimated by the Congressional Budget Office.To continue reading, please click here...
Obamacare Cybersecurity Bill Not Enough to Protect Personal Info
The Health Exchange Security and Transparency Act, H.R. 3811, is a one-sentence bill that simply requires customers to be notified of any Obamacare website security breach no later than two business days after its discovery. It was passed in a 291-122 vote, with 67 Democrats breaking ranks in support.
Prior to this bill, there was no legal requirement for the Department of Health and Human Services to notify an individual if his or her personal information had been breached.To continue reading click here...
New Obamacare Deadline Needs a Christmas Miracle
Today (Monday), the Obama administration extended the Obamacare deadline to sign up for coverage by one day, to tomorrow. Consumers will have to enroll and pay in full by Christmas Eve to have insurance when coverage begins on New Year's Day, or else face a fine.
Most Americans are required to have health coverage in 2014 under Obamacare mandates, or they will face a fine of at least $95 for lapsed coverage.
This one-day Obamacare deadline extension isn't the first. Originally, it was set for Dec. 15. That was extended to Dec. 23, to give consumers additional time navigating the maligned website.
The Best Plays in the Stock Market Right Now
While there are a lot of boats lifted by this rising tide, not every stock is a winner…To continue reading click here...
Early Problems with Obamacare Are Bigger Than a Glitch
After more than three years, $400 million, and a steady stream of assurances from the Obama administration, the government's healthcare exchanges should have been ready to go.
But the problems with Obamacare, at first brushed off as the result of an overwhelming initial response, run much deeper than the Obama administration would like to admit.
"These are not glitches," an insurance executive who has taken part in many conference calls on Obamacare told The New York Times. "The extent of the problems is pretty enormous. At the end of our calls, people say, 'It's awful, just awful.'"Here's why Obamacare is falling apart and what that means for you...
Obamacare Online Exchanges: 9 Real Life Experiences from Money Morning Readers
Considering taxpayers shelled out more than $500 million to build the Obamacare online exchanges, we'd like to know how they're actually operating, for good or for bad.
We know it's not all good…
For example, the federal government is operating an exchange for 36 states, and it's seen some of the worst complications. Part of the problem is volume: Within three days, a whopping 8.6 million people visited healthcare.gov.
We also know that Obamacare's success depends on having a large number of people enroll – especially the younger, healthier crowd. The Congressional Budget Office says Obamacare needs 7 million people to sign up at a minimum for it to stay afloat financially.To read more click here...
5 New Obamacare Facts You Need to Know
Keeping you up to date on the latest Obamacare facts – Today (Tuesday) marks the beginning of the much-anticipated Obamacare open enrollment for the new marketplaces – which hasn't gone smoothly.
The federal government operates these marketplaces, or exchanges, across 36 states, and the Obama administration anticipates seven million people will apply for coverage across the six-month open-enrollment period.
The exchange rollout comes as a wash of just-released polls on Obamacare shows the public hasn't embraced our country's new healthcare law.
That's why U.S. President Barack Obama has ramped up speeches and interviews this week addressing Obamacare facts and issues, along with party leaders across the country.
And he has plenty to address…Read more...
Obamacare Facts: Support Slips to 39%; Defund Talk Gets Louder
Americans following the stream of Obamacare facts out of Washington aren't as happy with the new law as they were before, according to a new poll.
According to this just-released CNN/ORC International survey, support for the Affordable Care Act, better known as Obamacare, slipped from 51% in January to a current low of 39%.
Support dropped in all demographics, with the steepest slide in two core Democratic groups: women and Americans making less than $50,000.
How Obamacare Will Affect Medicare
We've talked about how Obamacare will affect our regular health insurers and routine doctor visits, but how about how Obamacare will affect Medicare?
We've all known for a while that the future of Medicare, the program than provides health insurance to seniors, is in dire straits. What we're just finding out is that Obamacare is making it worse.
The White House's decision earlier this month to postpone part of U.S. President Barack Obama's signature healthcare reform (the employer mandate that will fine businesses that don't offer employees insurance) underscores how flawed the bill is and how unprepared we are for its full roll-out.