Healthcare.gov

Tuesday, December 3, 2013 – 09:30 a.m.

You can’t make this stuff up.

The U.S. Government is saying Healthcare.gov website is purportedly working better.

Give me a break!

The website has went down, or has been unaccessable, many times since its much touted November 30th relaunch.

Now comes news that application data, entered into the website, is being received by potential insurers is essentially nonsensical jibberish.

Distorted and duplicate data fields is making it pretty much impossible for insurers to do anything with applications.

It’s also being reported that the website’s payment infrastructure has not yet been built.

The website revamp did do one thing though. It now allows potential purchasers to shop for plans, without setting up an account. Yes, people can now look at rate, copays and deductibles.

There are some good things in the Affordable Care Act. They include;

  • Young adults may stay on their parents plan until age 26.
  • Prexisting condition exclusion is prohibited.
  • There is no lifetime benefit maximum.

But that is basically it.

These changes alone would cause premiums, in whole, to climb to an extent, because they limit the insurers ability to limit claims risk.

It’ll be interesting to see the reaction to the pricing structure.