COBRAhealth.com Obamacare aka the new health care reform law, aka The Patient Protection and Affordable Care Act, aka PPACA. COBRA may become useless, if the health exchanges are successful. If 80% of employers end their group health insurance, COBRA is history. Fewer employees = more savings (per person) on health plan & COBRA admin cost. Higher premiums = lower COBRA participation. Obamacare requires employers to auto-enroll new hires into a health plan, giving them COBRA rights instantly. Fewer Insurers means less competition and higher COBRA premiums for participants. The CBO says health insurance premiums could rise 30%. COBRA is already unaffordable for most of the people eligible. People may quit more often, resulting in more COBRA administration.

1. Obamacare and COBRA by Craig J. Casey of COBRAhealth.com

9. Guaranteed Issue Starting 2014, health insurance premiums charged can’t reflect the risk. Premiums may increase up to 400%, resulting in lower COBRA participation. COBRAhealth.com/Obamacare.html

10. Medical Loss Ratios Starting 2012, Insurers must pay out 80-85% of their revenue in medical expenses, BEFORE admin costs. Or they have to rebate customers. Losses are not addressed. COBRAhealth.com/Obamacare.html

11. No probation period 88% of employers have a waiting period for new hires. Obamacare requires employers to auto-enroll new hires into a health plan, giving them COBRA rights instantly. COBRAhealth.com/Obamacare.html

12. Got approval? Obamacare addresses rising cost by requiring Health Insurers to file for premium increases with the Secretary of Health & Human Services. COBRAhealth.com/Obamacare.html Can you say “Price fixing?”

13. The tax man cometh Through 2019, Health Insurers will pay billions in new taxes. That will get passed right back to their (captive) insureds. COBRAhealth.com/Obamacare.html

14. Higher Premiums The CBO says health insurance premiums could rise 30%+. COBRA is already unaffordable for 87% of eligible participants. COBRAhealth.com/Obamacare.html Premiums have risen faster then average since Obamacare was passed.

15. Total Compensation Employers only pay a maximum amount of total compensation, wages and benefits; if benefits become more expensive, employees will get less. COBRAhealth.com/Obamacare.html

16. Health Expenses, 2010 Government already subsidizes the majority of healthcare spending. Top 4 sources: 32% Private health insurance 21% Medicare 16% Medicaid & CHIP 12% Other government spending COBRAhealth.com/Obamacare.html

18. Obamacare Predictions Ohioans will lose their private health insurance and premiums will rise 55%-85% Milliman Inc. Study -Obamacare’s healthcare inflation will not be relieved until Obamacare is repealed Craig J. Casey Go to my Obamacare Forum , COBRAHealth.com and leave your feedback or comments. Your insurance costs are guaranteed to rise. William M. Briggs, Statistician. Insurance premiums will be higher, Marc Hodak COBRAhealth.com/Obamacare.html

19. About Me As a young boy, I watched Wall Street Week with Louis Rukeyser with my dad. Now I am a Dad, Husband, Wrestling Coach, Chef, Dishwasher and Financial writer. I don’t sell health insurance directly, but I get paid when you shop. And the more you compare, the more you save! COBRAhealth.com/Obamacare.html

20. Connect With Me Twitter.com/InsuranceCobra Facebook.com/Cobrainsurance Youtube.com/COBRAinsurance [email_address] COBRAhealth.com