Tuesday, October 01, 2013 1:07:12 PM
Gov Shutdown & Obamacare Markets Debut as Early Hurdles May Slow Signups
http://www.bloomberg.com/news/2013-10-01/obamacare-markets-debut-as-early-hurdles-may-slow-signups.html
The three-year effort to open the Obamacare health-insurance exchanges culminates today, beset by logistical delays and a U.S. government shutdown borne of Republican opposition to the Affordable Care Act.
Even states that have cooperated with the rollout are downplaying the debut of the marketplaces to avoid having their websites and call centers overwhelmed. Federally run exchanges in 36 states opened at 8 a.m. Washington, D.C., time. There were indications some states were delaying their startup times by hours and some services by days.
#msg-92541727 The 50 States of Obamacare
Gov Shutdown
If a stop-gap spending bill for the new fiscal year is not passed before midnight on Monday, government agencies and programs deemed non-essential will begin closing their doors for the first time in 17 years.
The high-stakes chess match in Congress will resume on Monday when the Democratic-controlled Senate reconvenes at 2 p.m. Senate Democrats will then attempt to strip two Republican amendments from the spending bill: the one that delays the 2010 healthcare law known as Obamacare and another to repeal a medical device tax that would help pay for the program.
They would then send a bill with a simple extension of government spending back to the House, putting the legislative hot potato back in Republican House Speaker John Boehner's lap as the shutdown looms.
The move tosses a political hot potato back to Republican House Speaker John Boehner, leaving him a choice of whether to accept it and keep government agencies funded or try another move to rein in President Barack Obama's healthcare law.
And if the battle over "Obamacare" pushes up to the mid-October deadline to raise the debt ceiling, U.S. stocks may suffer. When gridlock threatened a debt default in 2011, the Dow Jones industrials fell about 2,100 points from July 21 to August 9, with the market needing two more months to regain its footing.
Under a government shutdown, more than a million federal employees would be furloughed from their jobs, with the impact depending on the duration of a shutdown.
http://www.chicagotribune.com/news/chi-government-shutdown-20130930,0,2495049.story
DIA inverted hammer showed up at the 2nd week of Sept, 2013
time to reverse the up-trend
As-of-2013.9.30
http://www.bloomberg.com/news/2013-10-01/obamacare-markets-debut-as-early-hurdles-may-slow-signups.html
The three-year effort to open the Obamacare health-insurance exchanges culminates today, beset by logistical delays and a U.S. government shutdown borne of Republican opposition to the Affordable Care Act.
Even states that have cooperated with the rollout are downplaying the debut of the marketplaces to avoid having their websites and call centers overwhelmed. Federally run exchanges in 36 states opened at 8 a.m. Washington, D.C., time. There were indications some states were delaying their startup times by hours and some services by days.
#msg-92541727 The 50 States of Obamacare
Gov Shutdown
If a stop-gap spending bill for the new fiscal year is not passed before midnight on Monday, government agencies and programs deemed non-essential will begin closing their doors for the first time in 17 years.
The high-stakes chess match in Congress will resume on Monday when the Democratic-controlled Senate reconvenes at 2 p.m. Senate Democrats will then attempt to strip two Republican amendments from the spending bill: the one that delays the 2010 healthcare law known as Obamacare and another to repeal a medical device tax that would help pay for the program.
They would then send a bill with a simple extension of government spending back to the House, putting the legislative hot potato back in Republican House Speaker John Boehner's lap as the shutdown looms.
The move tosses a political hot potato back to Republican House Speaker John Boehner, leaving him a choice of whether to accept it and keep government agencies funded or try another move to rein in President Barack Obama's healthcare law.
And if the battle over "Obamacare" pushes up to the mid-October deadline to raise the debt ceiling, U.S. stocks may suffer. When gridlock threatened a debt default in 2011, the Dow Jones industrials fell about 2,100 points from July 21 to August 9, with the market needing two more months to regain its footing.
Under a government shutdown, more than a million federal employees would be furloughed from their jobs, with the impact depending on the duration of a shutdown.
http://www.chicagotribune.com/news/chi-government-shutdown-20130930,0,2495049.story
DIA inverted hammer showed up at the 2nd week of Sept, 2013
time to reverse the up-trend
As-of-2013.9.30
My post is for my entertainment, do your own DD before pushing your
buy/sell buttons
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