RSSTICKING TIME BOMB: Second Wave of Health Care Cancellations Estimated at 50 to 100 Million (Employer Mandate – Obamacare will Devastate Small Business)
Obamacare is a ticking time bomb for small and large business insurance health plans …50 to 100 million insurance policies to be canceled in 2014.
“Hope and Change,” eh? The next time some one promotes change, you might just want to read the 2000 pages of a bill before you allow politicians to pass it so we can see what’s in it.
Congress needs to put a stake thru the heart of Obamacare and repeal this law before it does irreparable harm to the United States. It may be imploding, but it’s not going away. Obamacare is like Jason Voorhees of Friday the 13th fame, it has to be put down once and for all. If not, the so-called fixes will just be more of the same, all to many bad remakes.
Hey America, how that Barack Obama’s promise that you can keep your healthcare plan if you like it, PERIOD! working out for you? Stan Veuger from the American Enterprise Institute told FOX News yesterday that he foresees 50 to 100 million small and large business policies likely to be cancelled next year. They will likely then be forced on to Obamacare and their health care costs will be much more than previously paid. Hmm, did Obama also promise to reduce the healthcare costs as well? This is just the tip of the iceberg. Imagine what will happen to the insurance industry and the US economy is 50 to 100 million insurance policies are canceled and individuals and families are forced to pay more, taking billion out of the economy and destroying the insurance industry. But then again, isn’t that what the community agitator was after all along, a single payor government healthcare system.
The Obamacare Time-bomb: That is a political disaster for the Democrats.
It gets worse. As the American Enterprise Institute’s Dr. Scott Gottlieb has pointed out, there is already a second wave of cancellations set to come right before the 2014 mid-term elections. It turns out that many small businesses with fewer than 50 employees, who buy in the small-group market, were able to exploit a loophole in Obamacare and avoid for one year the mandates being placed on plans in the individual market. Those businesses get to keep offering coverage that does not meet Obamacare requirements until the end of 2014. But, Gottlieb writes, that means that “starting in October 2014, many employees of small businesses will start getting the same notices that are now being mailed to individuals, informing that their existing health plans are also being cancelled.
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It was Obama’s plan all along to forcibly move millions of those younger, healthier people into the exchanges next year to subsidize care for the old and the sick. But if those younger, healthier people don’t join the exchanges next year, as planned, then the risk pool in 2014 will be older and sicker than expected. That will cause premiums to skyrocket for 2015 — because insurers base their 2015 premiums on their 2014 experience.
VIDEO Hat Tip - The Gateway Pundit
A new and independent analysis of ObamaCare warns of a ticking time bomb, predicting a second wave of 50 million to 100 million insurance policy cancellations next fall — right before the mid-term elections.
The next round of cancellations and premium hikes is expected to hit employees, particularly of small businesses. While the administration has tried to downplay the cancellation notices hitting policyholders on the individual market by noting they represent a relatively small fraction of the population, the swath of people who will be affected by the shakeup in employer-sponsored coverage will be much broader.
An analysis by the American Enterprise Institute, a conservative think tank, shows the administration anticipates half to two-thirds of small businesses would have policies canceled or be compelled to send workers onto the ObamaCare exchanges. They predict up to 100 million small and large business policies could be canceled next year.
Is it any wonder why Barack Obama no longer refers to his signature piece of legislation as “Obamacare.” Now that Obamacare is a 4-letter word and a disaster, suddenly it has become the “Affordable Healthcare Act”. Funny how a 37% job approval rating will do that.
CBS News Poll: Barack Obama’s Job Approval Down to 37%, 57% Disapproval … He’s Fallen and He Can’t Get Up!!!
It’s official, Obama’s job approval ratings are in complete free-fall …
According to the most recent CBS poll, President Barack Obama’s job approval rating has crashed to 37%. YIKES!!! This is a -20 point job approval. Obama poll numbers have officially fallen and they can’t get up. The president’s poll numbers have hit that threshold where they are in complete collapse. Obama’s job disapproval is now at 57%, the highest yet for the Obamamessiah with CBS polling. Obama’s overall job approval rating has declined among many demographic groups since last month, including independents (a 12-point drop), men (down 9 points), and women (a 10-point drop). What might be most remarkable is that women now disapprove than approve of the job Obama is doing as president.
Support for Obamacare has fallen drastically as well where even many Democrats have lost faith in it and although a majority of Dems still support it, Obamacare has dropped 16 points from last month, from 74% to 58% . More from Powerline and Obama’s Free-fall. Just how low can he go? President Obama sank to a new low when he and fellow Democrats knowing lied to the American people with every facet of Obamacare and what it would do and now he is paying a political price as Obama sinks to new lows. However, his ultimate low was his personal promise to “We the People” that they could keep their healthcare, now Americans are scrambling as what to do as they never dreamed they would be canceled.
Things are only going to get worse, as tens of millions lose their existing health insurance and a large majority of Americans, in both the employer-sponsored market and the individual/small group market, find that the cost of health insurance is rising.
President Obama’s job approval rating has plunged to the lowest of his presidency, according to a new CBS News poll released Wednesday, and Americans’ approval of the Affordable Care Act has dropped it’s lowest since CBS News started polling on the law.
Thirty-seven percent now approve of the job Mr. Obama is doing as president, down from 46 percent in October — a nine point drop in just a month. Mr. Obama’s disapproval rating is 57 percent — the highest level for this president in CBS News Polls.
A rocky beginning to the opening of the new health insurance exchanges has also taken its toll on how Americans perceive the Affordable Care Act. Now, approval of the law has dropped to 31 percent – the lowest number yet recorded in CBS News Polls, and a drop of 12 points since last month. Sixty-one percent disapprove (a high for this poll), including 46 percent who say they disapprove strongly.
Republicans are nearly unanimous in their disapproval of the law, and now more than two-thirds of independents agree. Almost six in ten Democrats continue to support the law, but their support has dropped 16 points from last month – from 74 percent in October to 58 percent today. Support has dropped 11 points among independents and five points among Republicans.
The complete poll can be Read HERE.
Check out the average polling job approval numbers at Real Clear Politic. However, note their average stops at the Quinnipiac poll. Add in the National Journal and Pew Research polls and you have a president with average job approval numbers in the 30′s.
Barack Obama is only left with his liberal buddy Bruce Springsteen serenading him with, I’m Going Down, down, down … The lies and scandals have finally caught up to this president. Take a good look at what would have happened in the 2012 presidential election had Obama actually told the truth, the MSM done their job and the American voters had done theirs.
UPDATE I: From The Hill, Obama and Democrats hit new lows and are in complete panic. The lies and Democrat support of the lies have finally caught up to them. There is going to be hell to pay for defrauding the American people.
HUH? Chief Obama IT Officer Henry Chao Testifies that 60 to 70% of Obamacare Web Site Still Needs to Be Built … Payment & Accounting Systems Have Yet to be Built
OK, I am officially speechless, this is worse than an EPIC FAIL … This is a complete and unmitigated Clusterf*@k.
After 3+ years, some where in the range of $400 to 500 billion and growing, President Barack Obama, HHS Sec. Kathleen Sebelius, CMS and the Obama techies allowed the Obamacare website, Healthcare.gov to go live and according to testimony today from Chief Obama IT Officer Henry Chao, 60 to 70% of the site still needs to be built? Not fixed, but built!!! As reported at NRO. the payment, back office and accounting systems of Healthcare.fail have yet to be built. How is these even conceivable?
The information-technology systems of Obamacare are still anywhere from 30 to 70 percent unfinished, an administration official testified today.
Admittedly, the answer from Henry Chao, the Centers for Medicare and Medicaid Services deputy chief information officer, in a House hearing today isn’t really clear. At one point he seems to indicate 30 to 40 percent of the information-technology system supporting the Obamacare exchanges is unfinished; at another point it sounds more like he’s saying 60 to 70 percent. But the news is stunning either way: HealthCare.gov was launched with some massive parts unfinished, and they are still unfinished.
It would appear that The Politico’s initial estimates were wrong. To be honest, I do not care if the number is 40% that still needs to be built. As Q and O stated, this is mind boggling. Amen brother, it actually might go even beyond that. Even with all the “glitchy” issues that have marred the roll-out of the website, no one that testified bother to ever mention? Really? Folks, I am a healthcare project manager and data analyst by trade and it is simply beyond the realm of all things possible for anything like this to occur. Unless it was intentional.
So let’s clarify what was testified to, the payment and accounting systems still need to be built. That means that Sebelius and Obama allowed a web site to go live to the American people where the Obamacare law forced Americans to purchase health insurance and a law that booted individuals off their current private insurance policies, even if they liked them and wanted to keep them, and no one can actually pay for a policy. ARE YOU KIDDING ME? Folks, you are not enrolled in Obamacare until you pay your first premium. That has to be done by December 15, 2013 in order for an individual to have coverage effective January 1, 2014.
I guess we now know why Team Obama wanted to count the policies in one’s cart as enrollment. I would dare say that there are no actual enrollments in the federal exchanges, it would be impossible with no payment system in tact. This defies all logic. Even Barack Obama and his Chicago gang cannot be this ignorant. One actually has to go out of their way to be this colossally incompetent. I cannot see how this site will be fixed by the end of November a promised by Barack Obama. I also cannot see how the accounting functions can be completed by December 15.
But do not fret America, Obama can fill out a NCAA Basketball bracket like no body’s business, much to the admiration of a gushing media.
WAPO/ABC News Poll: Buyer’s Remourse – Mitt Romney Would Beat Barack Obama if the Presidential Election was Held Today, 49% to 45% … Poll Numbers in Free-Fall
DOES ANYONE REALLY WONDER WHY OBAMA LIED THRU HIS TEETH ON OBAMACARE AND YOU CAN KEEP YOUR INSURANCE PLAN IF YOU LIKED IT? DO YOU REALLY WONDER WHY THE MSM NEVER BOTHERED TO ASK QUESTIONS?
It is the great fraud perpetrated on the American People …
As reported at The Politico, there is more disastrous polling numbers for President Barack Obama as a recent WAPO-ABC News poll shows that if the 2012 presidential election was held today, Mitt Romney would beat Obama, 49% to 45% among registered voters. Talk about your “buyer’s remorse”. This is a much different outcome than the 2012 match-up where Obama beat Romney 51% to 47% to win a second term. My how times have changed. What a difference the truth makes. What a difference it makes when the MSM decides to actually report on the numerous scandals of the Obama White House.
Making matters worse for Obama, Independents go for Romney 49% to 39% over Obama.
The WAPO/ABC poll also has Barack Obama’s job approval rating at 42% approve, 55% disapprove.
As more bad poll numbers continue to pour in for President Barack Obama, a new survey finds that if the 2012 election matchup were held this month, Mitt Romney would hold the edge with the voters.
Romney topped Obama 49 percent to 45 percent among registered voters in the Washington Post-ABC News poll released Tuesday. Among all Americans, the 2012 rivals would be tied, at 47 percent.
Obama beat Romney 51 percent to 47 percent a year ago to win a second term.
The poll also found more bad news for Obama: His approval was down to 42 percent, a fall of 6 points from a month ago. Fifty-five percent disapproved.
Other damning poll numbers from WAPO-ABC News Poll:
Other ratings of the president’s performance have tumbled as well. He’s at career lows for being a strong leader, understanding the problems of average Americans and being honest and trustworthy – numerically under water on each of these (a first for the latter two). His rating for strong leadership is down by 15 points this year and a vast 31 points below its peak shortly after he took office. In a new gauge, just 41 percent rate him as a good manager; 56 percent think not.
This poll, produced for ABC by Langer Research Associates, finds that the president’s personal image has suffered alongside his professional ratings. Fewer than half, 46 percent, see him favorably overall, down 14 points this year to the fewest of his presidency. Fifty-two percent now view him unfavorably, a new high and a majority for the first time since he took office. It may matter: Personal popularity can provide a president with cushioning when the going gets rough. Losing it leaves the president more vulnerable.
ACA – Skepticism about the Affordable Care Act looks to be the driving force in Obama’s troubles. Americans by nearly 2-1, 63-33 percent, disapprove of his handling of implementation of the new health care law. And the public by 57-40 percent now opposes the law overall, its most negative rating to date, with opposition up by 8 points in the past month alone.
RCP Average Polling – Complete carnage, almost under 40% as an average.
EXIT QUESTION: How does everyone think that the 2012 Presidential, House and Senate elections would have turned out if IRS-gate was reported on, if Benghazi-gate had been reported on, if AP-gate had been reported on and if, Barack Obama had told the truth and said that 5-10 million individuals with private healthcare plans who liked their insurance would lose it? How about if he told those with employer insurance coverage would lose theirs as well and it would be worse? Hmm?
Former Obama Adviser David Plouffe Says on ABC’s ‘This Week’ … Republicans Running On An Anti-Obamacare Platform In 2014 & 2016 is An “Impossibility”
Is it any wonder that if Barack Obama only surrounded himself with political advisers like this why Obamacare has been such a mess both in implementation and policy.
Former Barack Obama adviser David Plouffe appeared on ABC’s ‘This Week’ on Sunday and showed us once again that “Denial” is not just a river in Egypt. Plouffe actually said that it was an “impossibility” for the political notion that the GOP would run on an anti-Obamacare platform in 2014 and 2016. Wanna bet? For some reason Plouffe, Obama and his minions think that the issue Americans are upset is because they can’t log on to the “glitchy” web site, Healthcare.fail. Wishful thinking. The problem is that Americans were purposely lied to for political purposes so to pass Obamacare and 5+ million Americans to day find themselves with a canceled insurance plan when they were told they could keep it if they liked it. Sorry Dems, you will pay a dear price for lying and them ramming Obamacare down the throats of Americans in a 100% partisan vote. There is a reason why Americans no longer trust Obama and Democrats will feel the effects.
But even when caught with defending the indefensible, the Obamacare just continues to spin.
Simply amazing he can make such comments and keep a straight face
“But where could we be in four or five months?” Plouffe continued. “Hopefully the website is working fine and people are enrolling for health care. Hopefully, we won’t have another Washington dysfunction—which is one of the reasons people are upset, it’s not just health care—and we pass a budget and move forward, and the economy continues to strengthen. So we could be in a much different place three, four months from now. No doubt this is challenging time, but I think you have to have some perspective here. The story could change.”
“The political notion that next year’s election, or 2016, the Republican platform is going to be getting rid of health care?” Plouffe continued. “Millions of people will be signed up. It’s an impossibility.”
