Even Obama predicts 'bumps' for Obamacare

In another inauspicious sign, the president says his massive Affordable Care Act will face a rocky rollout.

By Aimee Picchi May 1, 2013 1:03PM

U.S. President Barack Obama holds a news conference from the White House /Larry Downing/Reuters It's never a good sign when an architect expresses doubts about his own creation. 


President Barack Obama on Wednesday warned that the Affordable Care Act will likely face a rocky rollout this fall, noting that the overhaul will still have "glitches and bumps" even if everything goes perfectly, according to The Wall Street Journal.


His comments come as many Americans and business owners are already apprehensive about the cost and complexity of the ambitious health care insurance legislation. 


Many small businesses -- those with fewer than 500 employees -- are more likely than larger companies to dump their health care plans when Obamacare goes into effect, mostly because of concerns over prohibitive costs, as reported last month. At the same time, many businesses, including Regal Entertainment Group (RGC), are cutting back their employees' hours so they won't be required to provide coverage.


At the state level, Obamacare is facing additional problems. More than half of the country's states will sit out the law's expansion of Medicaid, meaning many low-income Americans won't have access to health care initially. That's contrary to the stated goal of the overhaul, which was to provide coverage to all Americans.


On top of that, almost three dozen states are choosing not to run their own insurance exchanges, the marketplaces that will allow consumers to shop around for insurance plans, The Journal notes. 


For doubters, Obama's comments will likely confirm their fears about the Affordable Care Act. And there's no lack of doubters. A whopping 40% of Americans hold unfavorable views about Obamacare, according to an April poll by the Kaiser Family Foundation. Only 35% hold a favorable view of the overhaul, the survey found. 


The dividing line between supporters and doubters splits along political lines, with a majority of Republicans opposed to the law and most Democrats expressing support, the Kaiser survey said. 


Republicans are preparing to capitalize on early problems with the overhaul, The Journal notes. 


"Obamacare was a political nightmare for Democrats in the 2010 election. In 2014, it's shaping up to be a political tsunami," National Republican Senatorial Committee strategist Brad Dayspring wrote to supporters, according to the publication. 


For most Americans, the bigger questions are ones that aren't yet clear, such as: How will the plan work? And how painful will it be to the pocketbook?


Follow Aimee Picchi on Twitter at @aimeepicchi


More on moneyNOW

49Comments
May 1, 2013 1:34PM
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No worries, Mr. Obama, after the last 4 years, our expectations of you and your policies and programs are exceptionally low already - no need to try and lower them any further.

In business, it's almost always good practice to under-promise and over-deliver.  But since you have no business experience, Mr. Obama, it's no surprise that you would consistently do the opposite.
May 1, 2013 2:00PM
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Its amazing that any hyper partisan post gets tons of like but any non partisan post gets thumbed down.
Obama is a terrible president. 
Let there be likes
May 1, 2013 1:54PM
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Oh, really?  You think the ill conceived plan that no one read, and ramming it through the democratic controlled congress, forcing it on the American people who didn't want it, is going to have some "glitches and bumps"?  The understatement of the decade - It's a disaster!
May 1, 2013 2:23PM
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if the average person paid for his medical insurance, like car insurance, we'd have a truer competive market and therefore likely lower healthcare costs. 
May 1, 2013 2:25PM
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Obamacare is nothing but a grab for more money by the Obama administration. It has caused more employees to lose employer-sponsored health care, at a time when no other options are available to them. I am a registered Democrat, and I do NOT support Obama's policies, or Obamacare.
May 1, 2013 1:39PM
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The Affordable Care Act is a band-aid on the gaping wound that is US healthcare. Costs have been skyrocketing, doctor and hospital fraud is at a all time high, and more people are bankrupted from healthcare costs then any other reason
May 1, 2013 1:43PM
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Our healthcare system makes money by not curing ailments but by provide long term costly treatments. Drug companies have not found a cure for any disease in decades as treating a disease is much more profitable. For this reason I believe they will NEVER find a cure for cancer and cancer treatments are long and costly which is perfect for drug companies and for profit hospitals
May 1, 2013 2:52PM
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Hope and Change?

More like misery and dispair.

 

May 1, 2013 3:12PM
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Is "Bumps" the new White House term for a "Train Wreck"...  Just get with the program....
May 1, 2013 2:54PM
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The dems do own this pile of crap don't they?
May 1, 2013 2:50PM
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It is not what your country can do for you

but......how your country can screw you!

BOHICA!

 

Bend

Over

Here

It

Comes

Again!

May 2, 2013 7:20AM
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Mr. President, don't forget to blame Congress and the previous administration,  you must be slipping.   We grow weary of your agenda and antics.

May 1, 2013 2:38PM
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And by the time the shyt really hits the fan, he'll be gone and still living off the tax payers.
May 1, 2013 8:43PM
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"bumps"??  is that kind of like the four Americans who died in benghazi? they were called bumps by Obama as well.
May 2, 2013 11:43PM
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You have to be a really special kind of stupid to believe that the our government is going to fix the U.S. healthcare system.
May 1, 2013 1:48PM
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If you've ever used your health insurance for more than a flu shot or a physical,you know the system is totally screwed up with bored employees buried in antique paperwork, delayed claims and outrageous pricing.  The only folks who are satisfied with their healthcare are retirees with gold-plated benefits that nobody gets anymore, and healthy young folks with no claims.  Something had to be done.  Unfortunately with both parties in the pocket of the AMA this is the best they could do... far short of what's needed.  Well, I will try to withhold final judgement until I shop for individual coverage in October.  

The article is clearly biased; from the cited data about 1/3rd are against, 1/3rd in favor and 1/3rd undecided.  Not unlikely for a program that isn't implemented yet!
May 1, 2013 2:08PM
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Someone. I wish the sheep could grasp what you have said. Cure/treatment. Which

one make you a billionaire? Huh??

May 1, 2013 1:30PM
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We won't get to that roll-out unless he closes the banks, ends the Fed and gets rid of Wall Street. What good is healthcare when 95% of the nation is impoverished and just 5% controls 100% of the cash and assets. FIX THE F'ING NATION FIRST OBAMA. Roll healthcare out later. Your spreadsheet was flawed. That makes Bernanke's entire QE scenario-- CRIMINAL. FIX IT TODAY.
May 1, 2013 1:37PM
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We need to relieve employers of the burden of having to pay for healthcare for employees. It would make US businesses more competitive in the global market if they did not have to provide health insurance to their employees. Instead we need state and federal insurance pools which individuals can buy into.
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