Luv Obamacare? You can't buy insurance until the end of 2014 -- It's all Shut Down!

There is yet another ObamaCare surprise waiting for consumers: from now until the next open enrollment at the end of this year, most people will simply not be able to buy any health insurance at all, even outside the exchanges.

"It's all closed down. You cannot buy a policy that is a qualified policy for the purpose of the ACA (the Affordable Care Act) until next year on January 1," says John DiVito, president of Flexbenefit which has 2,500 brokers.

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“In all likelihood," says Laszewski, "we've only signed up somewhere between one in five and one in seven people who were uninsured prior to the start of ObamaCare."

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92tide said:

my family's premiums went down over $600/month on Jan 1 for the same basic plan i had before and we are getting no subsidies.

and this is not a delay, the enrollment period was oct. 1 to march 31 and the next enrollment period is Jan 1, 2015.

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The investment bank’s April survey of 148 brokers found that this quarter, the average premium increase for customers renewing an insurance plan is 12 percent in the small group market and 11 percent in the individual market, according to Forbes’ Scott Gottlieb.

The hikes — the largest in the past three years, according to Morgan Stanley’s quarterly reports — are “largely due to changes under the [Affordable Care Act],” analysts concluded. Rates have been growing increasingly fast throughout all of 2013, after a period of drops in 2012.

While insurers were hiking premiums since 2012 by smaller amounts, the lead-up to the Obamacare’s launch has seen the average rate at which premiums are growing fourfold.

The small group market saw a jump from a growth rate of close to 3 percent during Morgan Stanley’s September 2013 survey to just above 6 percent three months later in December — the month before a surge of Obamacare regulations hit insurance companies.

Over the next three months, the rate doubled again to the current average small growth premium growth rate of 12 percent.

Individual policies saw a much starker jump after the Obamacare exchanges launched, in anticipation of the health care law going live in 2014. Morgan Stanley’s September 2013 survey, like the previous three quarters, found a fairly constant growth rate around 2 percent — but in December, the rate had shot up to above 9 percent.



Read more: http://dailycaller.com/2014/04/07/s...nce-premium-increases-in-years/#ixzz2yPARAOR1

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92tide said:

well, we're waiting on some good suggestions.

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jthomas666 said:

I don't know about the rest of you guys, but I'm betting big on aluminum futures...

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BamaPokerplayer said:

I know others that went down as well. In the end, I think Obamacare will be a good thing.

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The Affordable Care Act will also reduce the number of fulltime workers by more than 2 million in coming years, congressional budget analysts said in the most detailed analysis of the law’s impact on jobs. The CBO said the law’s impact on jobs would be mostly felt starting after 2016. The agency previously estimated that the economy would have 800,000 fewer jobs as a result of the law. The impact is likely to be most felt, the CBO said, among low-wage workers. The agency said that most of the effect would come from Americans deciding not to seek work as a result of the ACA’s impact on the economy. Some workers may forgo employment, while others may reduce hours, for a equivalent of at least 2 million fulltime workers dropping out of the labor force.

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Another note from the CBO document: Democrats touted a $900 billion price tag for the law in 2010, citing a cynically-manufactured CBO score. What will the first ten years of Obamacare cost now that it's in full swing? More than $2 trillion. Beyond that, the government's projected Obamacare enrollment total for 2014 has dropped by one million people. Paul Ryan's office also notes that on our current path, the annual deficit is expect to shrink to "only" $514 billion next year (Bush's average deficit was in the neighborhood of $250 billion, even with two active wars), but it will begin a steady climb after 2015, hitting $1 trillion within eight years:

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