Friday, March 08, 2013

Online health insurance exchanges will not open on time

But we knew this already, didn't we?


Online health insurance exchanges will not open on time | Insurance & Financial Advisor I IFAwebnews.com


"Online health insurance exchanges represent one rail of the $1.3 trillion health reform track. (Some estimates go as high as $4 trillion in costs to taxpayers over the next 20 years.) The other rail is the requirement that most Americans have approved coverage (millions of union members and Congressional staffers are, of course, exempt from the law) with the promise of lower health insurance premiums.

That rail is bent beyond repair, as health insurance costs have risen far above what they would have had the law not been enacted. And predictions are that costs will climb even higher when the law is fully implemented, with the young and healthy paying the highest premiums. Not to mention smokers, who will be penalized thousands of dollars each year for their right to light up. The obese will not be penalized."

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