2014***ObamaCare***2014

..and part about accepting Obama Care, where is that in your link there Forkmeister?

And it turns out that the Mayo Clinic does accept ObamaCare, Blue Cross Silver only.

" . . . Moody’s Investors Service issued a note Thursday [23 January] changing its outlook on the [health insurers] sector to negative from stable.

The ratings agency said potentially adverse effects of individual health policies sold on exchanges through the Affordable Care Act [ACA], delayed marketing of commercial group plans by a year, and rate pressure on products such as Medicare Advantage, are all working to create an uncertain environment for carriers.

'While all of these issues had been on our radar screen as we approached 2014, a new development and a key factor for the change in outlook is the unstable and evolving regulatory environment under which the sector is operating. Notably, new regulations and presidential announcements over the last several months with respect to the ACA have imposed operational changes well after product and pricing decisions had been finalized,' [Moody's analyst Stephan] Zaharuk’s note said."
[boldface added - DD]
Ref: Moody's Downgrades Health Insurers on Obamacare Concerns

Oh, goodness! Actions do have consequences.

Is that the same Moody's that gave AAA ratings to all those real estate swaps right before the crash? I love those guys!

I don't recall a goal of the healthcare overhaul being to increase shareprices for insurers...although if you look at almost all of them that is exactly the effect it has had. I'm pretty confident their annual profits will be bigger this time next year. We shall see!

But its nice to see Don Diego thinks the stock market is a good tool for measuring government policy. Not sure if Don Diego has noticed the trend in the overall market since communism to over in 2009.

I find it curious that the article only compares SUBSIDY ELIGIBLE enrollees to projections. Why does it not compare those who must pay the full price of insurance to their original projections....or even Total Enrollees to projections? ...or more importantly Healthy Young Enrollees to original projections.

It looks like 85% of the California signups are being subsidized by taxpayers. That only proves that when you give money away, people often take it. Good Job California!

Of course it's better than Cover Oregon. Their 160 million dollar exchange has been an epic failure. More so than even Healthcare.Gov. The web site is still not working properly and there are calls to scrap it, concede defeat and move to the federal exchange. Or as Forkie would say join the "Republican led saboteur states". They gotta do what they gotta do.

https://news.heartland.org/newspaper-article/2014/01/21/oregons-obamacare-disaster

If health insurance companies are in trouble, someone should tell their stock prices:

Well, . . . that there Moody's waited 'til things started a'lookin' bad to do that there downgrading to "negative". And like the article said there's a'lotta "uncertainty" 'cause o' Obamacare; markets don' like "uncertainty".

Umm, . . . Obamacare is a'jest gittin' started, . . . 'ceptin' them parts that ain't 'cause that there PresIdent says they ain't until later, maybe, . . . even though the Law specifies they gotta start already. And this heh' individual-insurance is jes' a bit o' Obamacare. The group insurance provided by businesses big-and-small is a'gonna start next year, if'n that there President says it do, . . . or not, if'n he says it don't, . . . maybe.

'Course, some of them there companies are already announcin' they's a'gonna stop insurin' employees, . . . like that there Target Corporation. Target, . . . or Targee', as we'uns likes to call 'em up heh' in the mountains, . . . is gonna shift them part-time workers into the Obamacare exchanges so's them workers can get a subsidy from the Gub'mint 'stead o' insurance from the Company. Who'd'a thunk it, . . . companies behaving rationally to improve their profits.

And there's even more news, . . . TODAY.

Jes' today that there Aetna CEO talked on the TV 'bout maybe leavin' the Obamacare altogether:
"Aetna CEO Mark Bertolini told CNBC on Wednesday that Obamacare has failed to attract the uninsured, and he offered a scenario in which the insurance company could be forced to pull out of program.
The company will be submitting Obamacare rates for 2015 on May 15.
'Are they going to be double-digit [increases] or are we going to get beat up because they're double-digit or are we just going to have to pull out of the program?' [Aetna CEO] Bertolini asked in a Squawk Box interview from the World Economic Forum in Davos, Switzerland. 'Those questions can't be answered until we see the population we have today. And we really don't have a good view on that.' "
Ref: CNBC - TV

ObamaCare has now impacted me personally. I just received notification that after a 20 year business relationship, our small group insurance policy is being cancelled by Kaiser Permanente. Why? Not because the plan was 'Junk Insurance'. Apparently the ACA redefines what companies are now eligible for group insurance. 'Ma and Pa' companies...regardless of their legal structure can no longer purchase group insurance. I know that Ma is pretty pissed off about this. I guess we should have read the bill....

Hmmm. There may be a loophole here. If we were not husband and wife, but merely living together in sin, we would in fact qualify for our current group insurance....Ma ain't gonna like this.

You know we kinda liked that Insurance Plan. I thought we could keep it.

Hmmmm. I wonder how many other small business owners are in the same boat and just received their cancellation notices. I'll bet it's more than a million. The ObamaCare Marriage Penalty. I may have to put Fox News on the case. They'll get to the bottom of it.

DonDiego observes that a better person in alanleroy's plight would look upon it as an opportunity.