Tuesday, November 12, 2013

ObamaCare Damage: 100K Enrolled, 5 Million Cancellations

The Wall Street Journal reported today that only 40,000 to 50,000 people have obtained coverage in all of the various government run health exchanges in October.  At the same time, some 4,500,000 million have received policy cancellation notices (including myself).   There are 10's of millions more that will face cancellations in the months ahead. Obama is once again proving that he is a one-man wrecking ball for the nation, the economy and our remaining social cohesion.

(The Washington Post reports that that 40,000 enrollee number includes all policies that are selected in the site's "shopping cart" but not paid for.  Note that the typical e-commerce"walk away" from shopping cart selections is about 67%, so once again the government is fudging the truth. )

The millions of people facing cancellations will be eventually forced to pay much higher cost policy costs.  This is due to the forced upgrading of all policies to meet the requirements of ACA---whether you want it or not.

So, once again Socialist policies hurt more people than they help. . 

I was recently offered an ACA-compliant policy by Aetna at $500 per month for a high-deductible policy, whereas I was paying $233 per month for the same policy (but not ACA compliant) that is suitable for my needs.  First of all,  I guess that I don't need all of the bells and whistles required by the new law which doubles my cost.  Oh, and I don't give a rat's ass what Obama thinks about my policy choice and my coverage.  And Aetna is not a "bad apple" insurance company.

Aetna is still offering non-ACA policies for next year.  While shopping on Aetna's website yesterday, I picked-up another Aetna policy that is even better than my current one, but also not-ACA compliant, for only $290 per month.  All of these high-deductible policies were about $100 per month only 5 years ago prior to Obama's election and his "helping."

I recommend that people buy non-ACA compatible policies that are still offered on sites such as Ehealthinsurance.com. Since the government can not collect any penalties unless you have a tax refund, adjust your withholding so that you will not owe money at the end of 2014.

So there you have it:  millions left in the lurch, a expensive, malfunctioning government website that is not secure with your personal information, MUCH higher policy costs for most, and millions are losing their prevously inexpensive coverage.    

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