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The REAL Obamacare headaches begin January 1st: Doug Cote
Yahoo! Finance ^ | December 23, 2013 | Matt Nesto

Posted on 12/29/2013 12:05:17 AM PST by 2ndDivisionVet

(VIDEO-AT-LINK)

Since Healthcare.gov’s staggering debut in October, Obamacare has faced a level of attack not seen since its controversial debate and passage on Capitol Hill in 2010 -- and this is only the enrollment phase.

What lies ahead in 2014 when the actual delivery of health care begins remains to be seen, but for many observers the odds are it won’t be pretty, or what people expect.

“There are going to be a lot of after effects that I don’t think are appreciated,” says Doug Cote, US chief market strategist at ING Investment Management in the attached video. “I think there will be a lot of wailing and gnashing of teeth.”

Specifically, Cote questions things like whether people who think they signed up, actually got signed up. He also believes there’s going to be a lot of people who are stunned to find out what the high deductible policy they elected really means. But most of all, with the number of cancelled existing policies rising by the day, Cote worries about how it will impact the economy, saying that it could potentially also be a jobs-killer for small business.

“Uncertainty for doctors. Uncertainty for hospitals. Uncertainty for individuals. Uncertainty for businesses. That’s what we’re talking about," Cote says.

To be fair, the Cote says he doesn't plan to go overboard worrying about it and points to the looming midterm elections in November 2014 as a sort of counter-balance to any runaway disaster....

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Government
KEYWORDS: 2014; insurance; medicine; obamacare

1 posted on 12/29/2013 12:05:18 AM PST by 2ndDivisionVet
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To: 2ndDivisionVet
AFP holds Kuster accountable for Obamacare
2 posted on 12/29/2013 12:20:41 AM PST by Berlin_Freeper (Mia San Mia)
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To: 2ndDivisionVet
ObamaCare is hurting Minnesotans
3 posted on 12/29/2013 12:22:20 AM PST by Berlin_Freeper (Mia San Mia)
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To: 2ndDivisionVet

Bush and Heritage will get the blame.......somehow.


4 posted on 12/29/2013 12:34:12 AM PST by Ann Archy (Abortion......the Human Sacrifice to the god of Convenience.)
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To: Ann Archy

You forgot to include insurance companies.


5 posted on 12/29/2013 1:31:05 AM PST by RginTN
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To: 2ndDivisionVet

“There are going to be a lot of after effects...”

After?


6 posted on 12/29/2013 1:50:12 AM PST by Varsity Flight (Extortion-Care is the Government Work-Camp: Arbeitsziehungslager)
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To: 2ndDivisionVet
The 2014 elections will be a disaster for America if the gop/e does not pull their progressive heads out of their PC gaylord arses.
7 posted on 12/29/2013 3:24:13 AM PST by LibLieSlayer (FROM MY COLD, DEAD HANDS! BETTER DEAD THAN RED!)
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To: 2ndDivisionVet

It’s January 8th, 2014. Its 10:00 AM. You’ve arrived right on time for your appointment with Dr. Anderson. You sign the register.

Unexpectedly, Nurse Judy asks you to provide your Insurance card. “We always update our records in January” she says. Not a problem you are thinking as you reach for your purse to look for your wallet and your brand new Obamacard. You congratulate yourself for signing up early so you would actually have that proof of insurance for your early January appointment.

You find the card and hand it along with a smile to Nurse Judy who walks promptly to a nearby computer terminal and starts typing. Within just a few seconds she returns from the computer and you immediately notice a frown on her face.

“I’m so sorry Mrs. Walker, our office doesn’t accept your Bronze Plan insurance and so you will have to pay by cash or check if you want to see Dr. Anderson today.

“Will that be OK?”


8 posted on 12/29/2013 3:51:32 AM PST by InterceptPoint
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To: InterceptPoint
“I’m so sorry Mrs. Walker, our office doesn’t accept your Bronze Plan insurance and so you will have to pay by cash or check if you want to see Dr. Anderson today.

.....Oh Wait.....it just popped up a new voter registration form,...

Would you like me to change it for you....?

OK....Dr Anderson will see you now,

Have a nice day.

9 posted on 12/29/2013 4:23:29 AM PST by spokeshave (OMG.......Schadenfreude overload is not covered under Obamacare :-()
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To: spokeshave
“I’m so sorry Mrs. Walker, our office doesn’t accept your Bronze Plan insurance and so you will have to pay by cash or check if you want to see Dr. Anderson today.

...and I'm sorry to see your husband has type 2 diabetes...

.....Oh Wait.....it just popped up a new voter registration form,...

Would you like me to change it for you....?

OK....Dr Anderson will see you now,

Have a nice day.

10 posted on 12/29/2013 4:27:17 AM PST by spokeshave (OMG.......Schadenfreude overload is not covered under Obamacare :-()
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To: spokeshave

.....I can also change your husband’s voter form while it’s here on the screen....and I see that he has just ordered a refill of his prescription....


11 posted on 12/29/2013 4:29:38 AM PST by spokeshave (OMG.......Schadenfreude overload is not covered under Obamacare :-()
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To: spokeshave

.....I can also change your husband’s voter form while it’s here on the screen....looks like he voted for Clinton a few years ago...and I see that he has just ordered a refill of his prescription....


12 posted on 12/29/2013 4:31:38 AM PST by spokeshave (OMG.......Schadenfreude overload is not covered under Obamacare :-()
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To: InterceptPoint
“I’m so sorry Mrs. Walker, our office doesn’t accept your Bronze Plan insurance and so you will have to pay by cash or check if you want to see Dr. Anderson today.

I'm so sorry Mrs. Walker, our office doesn't accept your Bronze Plan insurance, and so you will have to pay by cash or check today. And Dr. Anderson is no longer with us. Will Dr. Rashneesh be OK>

13 posted on 12/29/2013 4:45:21 AM PST by Fresh Wind (The last remnants of the Old Republic have been swept away.)
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To: spokeshave

Fact is it doesn’t matter what my voter form says. The form doesn’t vote, I do, and being a Republican has a lot less importance to me now than ever before.

There is no Republican party any longer, Just Dem Lite.


14 posted on 12/29/2013 4:46:25 AM PST by Venturer (Half Staff the Flag of the US for Terrorists.)
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To: 2ndDivisionVet
....points to the looming midterm elections in November 2014 as a sort of counter-balance to any runaway disaster....

Mark my words.

2014 will be a bloodbath....

.... for REPUBLICANS.

Where do you think those 600 million dollars went, for a nonfunction Obamacare website?

15 posted on 12/29/2013 5:14:16 AM PST by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
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To: Lazamataz

I agree with you on 2014 being a bloodbath for Republicans. For any number of reasons.


16 posted on 12/29/2013 5:23:00 AM PST by sport
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To: 2ndDivisionVet

I think we should all start calling it democratcare, since it was passed without a single Republican vote. Make the dims own this entire boondoggle.


17 posted on 12/29/2013 5:35:24 AM PST by Arrowhead1952 (The Second Amendment is NOT about the right to hunt. It IS a right to shoot tyrants.)
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To: Arrowhead1952

I have been advocating this for 4 years! This “dead man” needs to be hung on the necks of the Dem party not just Obama. In 3 years Obama will be gone. It needs to be the legacy of the Dem party!


18 posted on 12/29/2013 6:05:21 AM PST by 728b (Never cry over something that can not cry over you.)
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To: 728b
It needs to be the legacy of the Dem party!

I agree. Make San Fran Nan "We have to pass to find out what's in it", dingy hairy and the other dims run with this millstone tied on their necks.

19 posted on 12/29/2013 10:45:58 AM PST by Arrowhead1952 (The Second Amendment is NOT about the right to hunt. It IS a right to shoot tyrants.)
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