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Obamacare Deadline Delayed; Beware the “Insurance Death Spiral” Says Josh Barro [death spiral begins
Yahoo Finance ^ | 10/24/13 | Bernice Napach

Posted on 10/24/2013 10:51:46 AM PDT by stonewall_jackson215

Glitches and tech problems that are plaguing the healthcare.gov website could lead to additional Obamacare delays.

Josh Barro, politics editor at Business Insider, tells The Daily Ticker, "The government needs to get the website up and running as soon as possible." If it doesn't and only the sickest Americans sign up--because younger and healthier individuals don't--there could be an "insurance death spiral," says Barro.

He explains: "If only people who are especially sick buy health insurance, then you end up with a pool of people who are really expensive to cover, so insurers have to respond to that by raising premiums. Then more people drop out of insurance because it gets more expensive and you have a death spiral where only extremely sick people paying extremely higher premiums are in the insurance market."

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


TOPICS: Government; Politics/Elections
KEYWORDS: obamacare; obamacaredeadline; obamacaredefrauds; obamacarewebsite
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1 posted on 10/24/2013 10:51:46 AM PDT by stonewall_jackson215
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To: stonewall_jackson215

One headline that could definitely lose the question mark


2 posted on 10/24/2013 10:52:41 AM PDT by Viennacon
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To: Viennacon
How's this for IRONY: If Obamacare was a patient under Obamacare, it would pull the plug on itself!
3 posted on 10/24/2013 10:54:32 AM PDT by Mich Patriot (PITCH BLACK is the new "transparent")
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To: stonewall_jackson215
My niece works as a nurse at an OC hospital and she says the patients HATE it.

Plus she said the hospital will NOT be paid if the patients who go in a hospital return in a month.
Nurses are supposed to EDUCATE them.

Well those who get stuff for free are going to return as often as they like and the Hospitals under Obamacare will get not to treat and not get paid for them, so look for a lot more bankrupt hospitals leading to new government hospitals in their place.

4 posted on 10/24/2013 10:55:05 AM PDT by A CA Guy ( God Bless America, God Bless and keep safe our fighting men and women.)
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To: stonewall_jackson215

I think the insurance companies will be helped out as more and more employers drop health care and pay the fines. This will force tens of millions into the exchanges.


5 posted on 10/24/2013 10:56:15 AM PDT by kabar
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To: stonewall_jackson215

It’s dead. The ‘Rats and RINOs own it all. Couldn’t happen to a smarmier group of a-hats. Good riddance in 2014 and 2016.


6 posted on 10/24/2013 10:56:16 AM PDT by VRWC For Truth (Roberts has perverted the Constitution)
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To: stonewall_jackson215
The only way to stop the death spiral is to have enough revenue to be able to keep premiums down in the face of huge expenditures.

Oh yeah, the government can just print more money.

7 posted on 10/24/2013 10:58:38 AM PDT by oldbrowser (The debt limit is the emergency brake on government spending)
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To: stonewall_jackson215
By the way we have had that in California for decades.

You can always get insurance, but with pre-existing conditions you are in a pool that costs a lot to be in.

My wife had holes in the heart that were repaired. Means that is a pre-existing condition. She was paying at 30 years old over $700 a month for insurance for a long time. Blue Cross got her on a PPO for $64 a month again a couple of years ago and now with Obamacare I could see her getting screwed and having things dropped and going back to high pre-existing rates again (though she is healthy as can be now).

8 posted on 10/24/2013 10:58:40 AM PDT by A CA Guy ( God Bless America, God Bless and keep safe our fighting men and women.)
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To: stonewall_jackson215
If only people who are especially sick buy health insurance, then you end up with a pool of people who are really expensive to cover...

IDK. Seems like scare-mongering. Since pretty much the only "insurance" people can buy is really catastrophic with high deductibles, I don't see the "insurance" paying out a whole lot of money compared to what they'll take in.

9 posted on 10/24/2013 11:00:22 AM PDT by jeffc (The U.S. media are our enemy)
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To: stonewall_jackson215

“A good percentage of “Obamacare enrollees” are actually medicaid enrollees.”

We keep hearing about the success of enrollment in Washington and Oregon.

Well, in Washington and probably Oregon most of those successfully enrolled were current Medicare leeches. They will be contributing Zero/Nada bucks to ObozoScare.

They will be taking money from those who work have to pay for ObozoScare.
Below is a link to a Kaiser Permanente Newsletter which tells about the so called success in Washington re current Medicare Leeches and lack of those, who have to pay, signing up:

http://capsules.kaiserhealthnews.org/index.php/2013/10/in-some-states-most-early-marketplace-enrollees-qualify-for-medicaid/

In Some States, Most Early Marketplace Enrollees Qualify For Medicaid
By Phil Galewitz October 22nd, 2013, 1:28 PM

In several states, most of the people enrolling through new online insurance marketplaces are signing on to Medicaid, the state-federal health insurance program for the poor.
The reason?

Many of the uninsured are poor, and applicants don’t have to pay anything to sign up for Medicaid. Shoppers applying for private health coverage through the marketplace have to pay their first monthly premium before they are fully enrolled. Their first payment must be made by Dec. 15 for coverage to take effect Jan. 1. Most are expected to be eligible for some tax credits, up front, to help pay the monthly premiums.

“We believe the reason we are seeing the higher Medicaid numbers is many people [buying private health plans] will wait until the last minute to pay for their health coverage like many of us do with our cell phone or cable bill,” said Bethany Frey, spokeswoman for the Washington state marketplace.

About 30,000 of the more than 35,000 people enrolled in the Washington exchange have signed up for Medicaid. Under the health law, in states that opt into the expansion, Medicaid eligibility is being expanded to cover everyone with annual incomes under 138 percent of the federal poverty level, or $15,800 in 2013.

About 20,000 of the people who qualified for Medicaid in Washington gained coverage through the expansion, while the rest were eligible under existing coverage rules. Many of those who were eligible but not enrolled have been signing up as a result of the publicity around the new marketplaces, officials say.

Frey said about 56,000 additional people have completed applications to enroll in private plans in Washington but have not yet made a payment so they were not included in the state’s tally.
About two-thirds of people enrolling through Kentucky’s marketplace also qualify for Medicaid, said spokeswoman Glenda Bond. “We expected Medicaid enrollment to be more robust at the beginning because people can enroll without making a payment,” she said.

Of the more than 3,700 enrollments in process in Minnesota’s marketplace, about 2,500 are for Medicaid. Only about 400 are people who are enrolling in a health plan. But a look at Minnesota applications in process shows that private insurance enrollees could overtake the number of Medicaid enrollees in the weeks ahead — of 11,600 applications in the marketplace last week, more than 8,000 were for exchange plans.

Several states relying on the problematic federal exchange, including West Virginia and South Carolina, have also seen a surge in people applying for Medicaid because they have separate websites for Medicaid enrollment, which unlike the federal exchange site, are working. Other states, such as California, have not yet released data about what programs people have enrolled in.

Clarification: This story has been updated to reflect the number of people who are in the process of enrolling in Minnesota.

This entry was posted on Tuesday, October 22nd, 2013 at 1:28 pm.


10 posted on 10/24/2013 11:00:50 AM PDT by Grampa Dave ( "With Obamascare you can die for your country without leaving home.")
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To: stonewall_jackson215

This is what it was designed to do. Evil insurance companies raising premiums. Government will save you by instituting single payer.


11 posted on 10/24/2013 11:04:01 AM PDT by big'ol_freeper ("Evil is powerless if the good are unafraid" ~ Ronald Wilson Reagan)
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To: stonewall_jackson215
"If only people who are especially sick buy health insurance, then you end up a death spiral" Exactly the same thing will happen if young people opt to pay the (much less expensive) penalty, thus removing themselves from the insurance pool. From the insurance company perspective, the imact is exactly the same. A cynic might even argue that Obama knows this and had the penalty set to a very low level in the first few years explicitly for the purpose of breaking the health insurance industry, paving the way for single payer.
12 posted on 10/24/2013 11:06:57 AM PDT by bigbob (The best way to get a bad law repealed is to enforce it strictly. Abraham Lincoln)
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To: stonewall_jackson215

For me, Obamacare is a health INSURANCE brick wall. Once it is fully implemented, I’ll have no health insurance. It will be all out of pocket.


13 posted on 10/24/2013 11:08:13 AM PDT by cuban leaf
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To: bigbob

There’s an intelligence behind evil and it isn’t even people. (Which is why I hold conspiracy theories in skepticism.) It’s the devils of hell.

But zoom out a little more and you will see a God who has those devils by their pointy tails, so to speak. (Jude 6)
And who is busy distributing the blessing given at the cross. (John 3:16ff)

We can choose sides. But choosing Satan’s side means getting creamed. Choosing God’s side means blessing beyond your wildest dreams. That even kind of rhymes.


14 posted on 10/24/2013 11:10:24 AM PDT by HiTech RedNeck (The Lion of Judah will roar again if you give him a big hug and a cheer and mean it. See my page.)
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To: oldbrowser

One article I read on this subject predicts just that....Obama will massively subsidize insurers to keep the premiums down until after the next election.


15 posted on 10/24/2013 11:14:52 AM PDT by Buckeye McFrog
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To: cuban leaf

A healthcare system reset wouldn’t be the worst thing that happened to America. It turned into a monster that then committed suicide. But there still are doctors. God will bless them because they are healers. New systems will arise. It has actually been shown to work where doctors offer a flat rate health maintenance plan to patients. Anything they can treat in the office they will treat, under the plan. This turns out also not to attract abuse through malingerers. My surmise as to why, is that the idea of having a doctor on assured call in case of trouble is comforting enough to those inclined to malingering, that they stop malingering.


16 posted on 10/24/2013 11:14:54 AM PDT by HiTech RedNeck (The Lion of Judah will roar again if you give him a big hug and a cheer and mean it. See my page.)
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To: A CA Guy

The health care industry is 80% female, most of them 0bamabots. I’m kinda getting a bit giddy at the prospect of all these gals enduring the chaos of 0bamacare while trying to maintain their love for the King. Serves them right. I hope this boondoggle makes their days miserable.


17 posted on 10/24/2013 11:18:34 AM PDT by Obama_Is_Sabotaging_America (If Americans were as concerned for their country as Egyptians are, Obama would be ousted!)
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To: cuban leaf

And, plans like this would return something more of the personal relationship between doctors and patients that used to exist before the third party health plan companies became such big middlemen, treating healthcare as mere commodity, that the relationship became very fragile.


18 posted on 10/24/2013 11:19:46 AM PDT by HiTech RedNeck (The Lion of Judah will roar again if you give him a big hug and a cheer and mean it. See my page.)
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To: cuban leaf

return => return us to


19 posted on 10/24/2013 11:20:31 AM PDT by HiTech RedNeck (The Lion of Judah will roar again if you give him a big hug and a cheer and mean it. See my page.)
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To: jeffc

They keep bringing up those with pre-existing conditions and the “single mother with breast cancer” as their examples of people that need Obamacare -

but there’s no way, without incredible amounts of “subsidizing”, that these policies are affordable.


20 posted on 10/24/2013 11:23:12 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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