360° Coverage : An Up And Down Week For ObamaCare

2 Updates

An Up And Down Week For ObamaCare

Feb 14 2014, 12:48pm CST | by

More than 1.1 million people signed up for healthcare through the federal and state exchanges last month, according to data released by the government. Kathleen Sebelius, the Secretary of Health and...

Filed under: news

 
 
 

30 weeks ago

An Up And Down Week For ObamaCare

Feb 14 2014, 12:48pm CST | by

More than 1.1 million people signed up for healthcare through the federal and state exchanges last month, according to data released by the government.

Kathleen Sebelius, the Secretary of Health and Human Services, said, “These encouraging trends show that more Americans are enrolling every day, and finding quality, affordable coverage in the marketplace.”

Now it’s still not clear how many of the sign-ups are from who had their previous policies cancelled. And the health exchange enrollment is still only at 75 percent, 3.3 million, of the White House’s initial target. Nevertheless, it is clear that things are improving for the President’s troubled healthcare law. Twenty-five percent of those who have signed up were between the ages of 18-34 – the young people insurance companies need to keep the premiums down for everybody else.

Claims from Republicans that the law is doomed to fail have far less merit now that people are getting coverage. And though it remains to be seen whether or not ObamaCare will be an overall success – this will take years – the White House has more reason to be optimistic than ever before.

But according to a new Wall Street Journal analysis of 36 states, hundreds of thousands of Americans who live in poorer counties are facing higher premiums and fewer choices through the exchanges than those living in wealthier counties.

Across 515 counties in 15 states, the study found that consumers only had one insurer selling coverage and in more than 80 percent of those counties, the local Blue Cross & Blue Shield plan was the only plan available. In contrast, residents in wealthier and more populated counties had lower-priced choices than those with only one insurance option.

This finding flies in the face of the White House’s claim that as more Americans enroll in the exchanges the cost of healthcare will fall. Indeed, after a month that saw the largest enrollment figures to date, these findings are discouraging.

“From a consumer’s standpoint, it’s unfair,” said Dylan Roby, a program director at UCLA’s health policy research center.

Reversing the trend presents a challenge because low-population areas are unlikely to draw more insurers, said Glenn Melnick, a health-care economist at RAND Corp: “I don’t think the health law can overcome those economics.”

It is crucial that the health law overcomes these economics – it is an integral part of the promise the President made to Americans. To be sure, as more and more young people sign up the costs should go down, but the figures from the Wall Street Journal analysis suggest that there will continue to be seriously disadvantaged groups. What’s more, these are exactly the people who can’t afford higher premiums.

So while we have passed the initial hurdles of a malfunctioning website and a Republican caucus dead-set on repealing the law, it’s clear that we aren’t out of troubled waters yet.

Source: Forbes Business

 
Update
2

2 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashing the workforce of 20,000 by ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

2 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedie ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Can another drink relieve you from a hangover?
London, Sep 17 (IANS) Is "hair of the dog" the best cure for hangover? According to a renowned author and journalist, another drink is the way to get rid of those forgetful morning episodes of a dry mouth, headaches, nausea and lethargy.
 
 
Squid skin technology produces vivid colour display
New York, Sep 17 (IANS) Researchers have created a breakthrough colour display technology that brings the quest to create artificial squid skin - a metamaterial that can 'see' colours and automatically blend into the background - a step closer.
 
 
Australian PM backs medical marijuana
Canberra, Sep 17 (IANS) Australian Prime Minister Tony Abbott has thrown his support behind the legalisation of marijuana for medicinal use, the media reported Wednesday.
 
 
Even healthy people carry viruses in their bodies!
Washington, Sep 17 (IANS) On an average, healthy individuals carry about five types of viruses in their bodies and the same viruses that make us sick can take up residence in and on the human body without provoking a sneeze, cough or other troublesome symptom, says a significant study.
 
 
 

Latest from the Network

Can another drink relieve you from a hangover?
London, Sep 17 (IANS) Is "hair of the dog" the best cure for hangover? According to a renowned author and journalist, another drink is the way to get rid of those forgetful morning episodes of a dry mouth, headaches,...
Read more on Celebrity Balla
 
40 militants killed in Pakistan airstrikes
Islamabad, Sep 17 (IANS) The Pakistan army Wednesday said fighter jets bombed positions of militants in the North Waziristan tribal region and killed 40 local and foreign militants. "Today in precise aerial strikes...
Read more on Politics Balla
 
Indian origin man jailed for raping woman in New Zealand
Wellington, Sep 17 (IANS) A court in New Zealand Wednesday sentenced an Indian-origin man to six years and nine months in jail for raping a woman in her sleep, media reported. The accused, identified as Tajinder Paul...
Read more on Politics Balla
 
Australian student penalised in exam over hair cut
Canberra, Sep 17 (IANS) A 17-year-old student in Australia was penalised 20 percent marks in his chemistry examination for having a haircut that breached the school's uniform policy, media reported Wednesday. Dominic...
Read more on Politics Balla
 
Robert De Niro moves into $125k-a-month apartment
Robert De Niro has moved into a $125,000-a-month apartment. The 71-year-old actor and his wife Grace Hightower have moved out of their rental property in West Village and into the five-bedroom abode, one of the most...
Read more on Celebrity Balla
 
Leonardo DiCaprio named UN Messenger of Peace
Leonardo DiCaprio has been named a United Nations Messenger of Peace. The 39-year-old actor was appointed to the role by UN Secretary General Ban Ki-moon to help promote the organisation's global action on climate...
Read more on Celebrity Balla
 
Beyonce and Jay Z to splash $85m on new home?
Beyonce Knowles and Jay Z look set to splash out $85 million on a Beverly Hills estate. The power couple - who have recently been hit by speculation their marriage is on the rocks followed by rumors the singer is...
Read more on Celebrity Balla
 
Katy B pays tribute to late brother
Katy B has paid tribute to her brother following his death yesterday (09.16.14). The devastated singer has cancelled all public appearances following the sudden passing of her sibling Andrew - who was left paralysed in...
Read more on Celebrity Balla
 
Victoria Beckham too busy for babies
Victoria Beckham is too busy to have another child. The Spice Girls star-turned-fashion designer - who has children Brooklyn, 15, Romeo, 12, Cruz, nine, and Harper, three, with husband David - insists raising her kids...
Read more on Celebrity Balla
 
Dwayne Johnson talks past arrest and theft ring
Dwayne Johnson was arrested ''eight or nine times'' by the time he was 17 after being involved in a theft ring. The 'Hercules' star had a tough upbringing in Hawaii during his teenage years and after getting evicted...
Read more on Celebrity Balla