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Posts Tagged ‘60008’

The Federal Government’s $146 Billion Obamacare Boo-Boo

Thursday, April 28th, 2016

According to The Motley Fool:

Bad things can happen when a government forecast proves to be way off.

There are mistakes, and then there are big mistakes. What the Congressional Budget Office’s latest report on federal subsidies revealed was a mistake of monstrousproportions on the part of the federal government.

Here’s what a forecasting error looks like
The Congressional Budget Office, or CBO, has been making projections on the future of Obamacare, and healthcare in general, for years. Initially, the CBO had projected that up to 21 million people would sign up for private health insurance using Obamacare’s transparent marketplace exchanges by 2016. However, that estimate has been substantially reduced to just 12 million. According to the Department of Health and Human Services, Obamacare enrollment totaled “about 12.7 million” as of the end of third enrollment period (Jan. 31, 2016). Ultimately, the CBO foresees private health enrollment via Obamacare topping out at between 18 million and 19 million people between 2018 and 2026.

Why such a huge difference in actual enrollment versus initial projections? To begin with, the government appears to have overestimated just how many people would sign up on private exchanges versus being enrolled via their employer. The data has thus far shown that nowhere near as many people as expected dropped out of employer-sponsored insurance to sign up on Obamacare’s marketplace exchanges, meaning there was a considerably smaller uninsured pool than initially anticipated. (more…)

Rolling Meadows, Illinois: Health Insurance

Wednesday, February 22nd, 2012
English: City of Rolling Meadows Logo

Image via Wikipedia

We specialize in helping Rolling Meadows individuals, families, and businesses sign up and manage their Health Insurance.

With the many changes to health insurance, you may be wondering what the right choices are for you and your family. Every year brings new options and plan designs, and we can answer all of your questions. The Eriksen Insurance Group will work with you to find you the best coverage, at the best price, for your situation.

We help our clients with the following:

  • Signing up for a new policy on or off the exchange
  • Quoting and comparing new plans and prices
  • Explaining renewal options
  • Managing your current policy
  • Reviewing doctor and hospital networks
  • Determining if you qualify for a subsidy
  • Navigating and signing up on Healthcare.gov
  • Help businesses manage their health insurance and benefits plans

For individuals and families, the next annual open enrollment period for securing medical insurance starts November 1st. If you have a recent life changing event, you may qualify for a special enrollment period at any time. Please call us at (847) 426-2788 for help determining your enrollment options.

Banner Town Pages white

Over the next 3 to 5 years the health insurance world will be in a state of flux. Even after your enrollment we will be here to answer all your questions and help you make the right decisions. Inside or outside of the marketplace, company plan or personal policy; whatever your situation, we have the knowledge to help you. There is a wealth of information for you at our insurance reform blog. We are also proud of our 5 Star Google Places reviews. Thank you for visiting our website we look forward to working with you.

Thanks again,

Robert G. Eriksen, President
Personal Health Insurance Broker

Phone: (847) 426-2788
Email: Bob@EriksenInsurance.com

Arlington Heights, Illinois: Health Insurance

Monday, October 10th, 2011
North School Park at Arlington Heights

Image by Kwong Yee Cheng via Flickr

We specialize in helping Arlington Heights individuals, families, and businesses sign up and manage their Health Insurance.

With the many changes to health insurance, you may be wondering what the right choices are for you and your family. Every year brings new options and plan designs, and we can answer all of your questions. The Eriksen Insurance Group will work with you to find you the best coverage, at the best price, for your situation.

We help our clients with the following:

  • Signing up for a new policy on or off the exchange
  • Quoting and comparing new plans and prices
  • Explaining renewal options
  • Managing your current policy
  • Reviewing doctor and hospital networks
  • Determining if you qualify for a subsidy
  • Navigating and signing up on Healthcare.gov
  • Help businesses manage their health insurance and benefits plans

For individuals and families, the next annual open enrollment period for securing medical insurance starts November 1st. If you have a recent life changing event, you may qualify for a special enrollment period at any time. Please call us at (847) 426-2788 for help determining your enrollment options.

Banner Town Pages white

Over the next 3 to 5 years the health insurance world will be in a state of flux. Even after your enrollment we will be here to answer all your questions and help you make the right decisions. Inside or outside of the marketplace, company plan or personal policy; whatever your situation, we have the knowledge to help you. There is a wealth of information for you at our insurance reform blog. We are also proud of our 5 Star Google Places reviews. Thank you for visiting our website we look forward to working with you.

Thanks again,

Robert G. Eriksen, President
Personal Health Insurance Broker

Phone: (847) 426-2788
Email: Bob@EriksenInsurance.com

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