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The Connecticut Train Wreck that is Obamacare

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Connecticut was an early adopter of the Obamacare health-exchange giving it plenty of time to get ready for Obamacare. But according to Kevin Counihan, the CEO of the state program, it’s going to be a rocky first year.

Most recently, at the end of June, Mr. Counihan explained that the state’s Web portal—the main medium by which citizens would enroll in the exchange or Medicaid—was well behind schedule. In order to have something ready by October, 30% of the portal’s functions will be delayed. Nevada and Oregon have gone through similar problems, with the latter even suggesting that they may need “index cards” to accommodate customers in the meantime.

With each development, Connecticut has come to resemble more and more another mangled car in the “train wreck” metaphor used by Montana Sen. Max Baucus to describe ObamaCare.

Read more here from The Wall Street Journal.

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.