| September 28, 2013 | | | | | | | |  | | | | Obamacare in T-Minus 3... 2... 1… Clear! | | | | | - In just three days… health care will be saved as Obamacare's exchanges launch...
- Please… pay no attention to the exchanges' bugs and glitches…
- We go to a field report as the health care debate unfolds… the week's top research and essays… and much more!
| | | | | | | | | | | | The Royalty Program That Was Closed Is Now Open
In 2002, the royalty "paycheck program" that once paid out $50 for every $1 invested... decided to shut the door to new "members." In 2013, a new door has opened... and it just got easier than ever to potentially "make money while you sleep"... But there's no telling when it could close again. | | | | | | | | | | | Peter Coyne, counting down until the Obamacare exchanges launch… T-minus 3 days... yippee!
 | | Peter Coyne | In just three days, the new Obamacare exchanges launch. Something tells us no one will be lined up hours beforehand to be the first one to enroll.
As it stands right now, large employers don't have to enroll for another year. Small employers don't have to enroll online for another month. And the security of the exchange hub that will process personal information between government agencies is not secure to outside hacking.
Not to mention, reports NBC, the exchanges "won't be able to tell people right away if they are eligible to join Medicaid instead of buying insurance." Oh, "and the Spanish-language version of the healthcare.gov website will not be ready to handle enrollments for a few weeks. An estimated 10 million Latinos are eligible for coverage."
In addition… no one knows how, exactly, the law works.
The Onion reports:
As debate continues in Washington over the funding of President Obama's health care initiative, sources confirmed Thursday that 39-year-old Daniel Seaver, a man who understands a total of 8% of the Affordable Care Act, offered a vehement defense of the legislation to 41-year-old Alex Crawford, who understands 5% of it.
"First of all, Obamacare will reduce insurance premiums for most people, and no one can be denied coverage if they have preexisting conditions and stuff like that," said Seaver, displaying over half of his 8% grasp on the sweeping health care reform policy. "Which means a whole bunch of uninsured Americans -- I'm talking millions of people here -- will finally have access to health care. How can you not get behind that?"
| "The idea that 3D printing is a gimmick, suitable only for hobbyists, looks ever less likely" | "And Medicare has nothing to do with this, by the way -- that's a separate thing," continued Seaver, adding one of the few remaining facts he knows about Obamacare. "This just deals with the private insurance companies and makes sure they can't, you know, drive up costs through the roof."
According to reports, Seaver mounted an impressive case given his severely limited knowledge of the actual law itself, bolstering his 8% understanding of the Affordable Care Act with his 6% awareness of the nation's current economic landscape. Crawford, meanwhile, demonstrated just about the full extent of his understanding of Obamacare by claiming that its provisions could potentially kill jobs.
Sources confirmed that, if asked, neither man would actually be able to correctly define the term "HMO" or coherently explain what a health care exchange actually is and how such a thing would actually work on a regional basis.
"If you get insurance through your job, you can keep it, so this won't affect a lot of people," said Seaver, failing to incorporate roughly 90% of the bill's actual groundwork into his semi-accurate assertion. "It'll really only change things for really poor people who live below the poverty line. That's it."
"Saying this is somehow a government takeover of the healthcare industry is, quite frankly, a flat-out lie," added Seaver, forcefully and passionately summarizing what he remembers from an informed person's opinion he read on a website recently. "All this does is offer a public option."
| "Sources confirmed that, if asked, neither man would actually be able to correctly define the term "HMO" or coherently explain what a health care exchange actually is and how such a thing would actually work on a regional basis." | Over the course of the next half hour, the two men used their full comprehension of what reportedly amounts to several sentences at best of the Affordable Care Act to debate many facets of the 906-page piece of legislation. On separate occasions, sources said Seaver and Crawford both claimed to have done "a lot of research" on the subject.
"Okay, I hear your points, but I think there are a lot of other factors to consider," said Crawford, boldly countering Seaver's 8% knowledge of the subject with his own 5% familiarity with it. "It's actually going to raise insurance costs for most people. The way it actually works is, see, there are different tiers. And these different tiers, or levels or whatever, have different co-payments. And then there's the individual mandate, which means you're required by law to get insurance, otherwise you pay higher taxes. So you see, there are all these other things to think about."
"Are you starting to get it?" Crawford added, after almost completely emptying his accumulated knowledge on the subject in one fell swoop. "It's complicated, for sure."
The two men, whose collective net understanding reportedly makes up, in a generous estimate, little more than one one-tenth of the entire Affordable Care Act, then repeatedly volleyed back and forth over the constitutionality of the law -- a matter that sources confirmed they have a roughly 0.000001% knowledge of.
| "Over the course of the next half hour, the two men used their full comprehension of what reportedly amounts to several sentences at best of the Affordable Care Act to debate many facets of the 906-page piece of legislation" | Sources also confirmed that the two men independently opted not to introduce at all the subjects of prescription drugs, the Federal Employees Health Benefits Program, the law's effect on small business owners, exemptions, state costs, specific penalties for opting out, effects on the marketplace, the nation's existing overall quality of health care, any specific statistic whatsoever, and the federal budget.
"Hold on, Alex, let's go back to the premiums for a second, because I feel like I need to drive this point home for you: they'll get lower for most people," said Seaver, straining the very limits of his 8% comprehension of the bill to the point of utter collapse. "Lower premiums, lower deductibles, and no denial of coverage to people with preexisting conditions."
"Way lower premiums," Seaver added.
At press time, both men's understanding of Obamacare had dropped to 3% as a result of the debate.
Heh. It would be funny if it weren't so sad…
This week in The Daily Reckoning, we delved into the monstrosity that is Obamacare. If you haven't prepared yourself for the tidal-wave disaster that is headed your way Tuesday, click here. We outline how to prepare and even reduce your health care costs by $2,000.
Below, you'll find this week's best research and essays on the themes we covered… health care, the "Cruz control" debate and ways you can profit from government spending.
Be sure to check each out...
P.S. We have some big news from our beautiful Rancho Santana property on the coast of Nicaragua. In less than three months an airport with its own customs office will be finished. It's within 15 minutes of the Rancho Santana itself.
We've also been told that two high-profile athletes are scheduled to visit the ranch in the next few months. And once the airport is completed… more will come. We're inviting you to check out the digs for yourself at what we call our Chill Weekend, Nov. 9-13. If you've ever considered South American coastal real estate… this is your chance. And if you haven't considered it… this is still your chance. Simply contact, Marc Brown, here, if you'd like more information.
| | | | | | | | | | | | LEAKED: Pentagon Will Flood Market With $16.1 Billion in New Spending…
The Pentagon is set to unleash "The Black Budget." And it could send this one small group of stocks through the roof. When this last happened during World War II, it was possible for investors to grab massive once-in-a-lifetime gains of 12,428%… 20,381%… AND EVEN 55,000% from unprecedented military spending. So click here now for this declassified brief on how you could have the opportunity to seize military-guided gains! | | | | | | | | | | | This Week in the Daily Reckoning...
| | |  Politics in One Lesson
By Peter Coyne
This week, our readers flooded our mailbag with messages. They were divided after Sen. Ted Cruz (R-Texas) made a 21-hour speech. Comments ranged from "Give the guy a break" to "At least he tried" to "Why are you belittling a man of integrity?" Here's our reply.
 Obamacare: A Parasite Intent on Killing Its Host
By Dr. Ron Paul
Let's assume Obamacare really will accomplish all it claims... Paying for it would still plunge the country into poverty! This solves nothing. Ron Paul explains why the government, like any household struggling with bills to pay, should prioritize its budget…
 If You Haven't Prepared for the Obamacare Launch in 3 Days, Read This
By Jud Anglin
When the Obamacare exchanges launch on Tuesday, a new era in health care will begin. Some experts are expecting a mass exodus of doctors and other health care professionals in the near future -- leaving fewer experienced physicians to care for us when we need it most. Simply click the link for Jud's detailed research on the biggest prediction you'll hear in 2013. It has to do with your health care and how you can take small steps today to avoid having your quality of care go down...
 Financial Crisis Ruins a Bear Stearns Bridge Game
By Bill Bonner
The developed world entered a financial crisis in 2008. Thankfully, the feds were on the case and delivered us and our economy from the brink of destruction. But with household income back to 1984 levels and the lowest-ever number of people with real jobs, the feds' "success" looks a lot more like "failure." Bill Bonner explains...
 Obamacare: "Let's Just Make Sure It's Not a Third-World Experience"
By Addison Wiggin
In recent months, implementing Obamacare has been hairier than its proponents seemed to realize. But don't worry. The feds have a solution for Obamacare's back-end problems. Addison Wiggin reveals the shocking truth about Obamacare, and it comes straight out of Harry Reid's mouth...
| | | | | | | | | | | | Blowing The Whistle On Big Oil... An Important Map And Your Chance To Cash In!
Pictured below is a map many Americans have never seen. That's a shame, because today it holds one of the best profit opportunities the market has to offer. Big oil knows this map well — heck, it's one of the reasons they always seem to turn a profit. Today, thanks to a little-known loophole, you could start grabbing your share of the payouts too. Consider it your chance to get a little payback at the pump — finally, right?! | | | | | | | | | | | | | | BE SURE TO ADD dr@dailyreckoning.com to your address book.
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