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Biden: Health care sign-ups may fall short of goal

AP Photo: Jim Mone

Vice President Joe Biden meets with women who have either signed up for coverage or have helped others sign up for insurance under the federal health care law during a stop at Moose and Sadie's coffee shop in Minneapolis on Wednesday, Feb. 19, 2014. Biden was in town for a fundraiser.

3 hr ago By PATRICK CONDON of Associated Press

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MINNEAPOLIS — Vice President Joe Biden said Wednesday that it would be a good start for the federal health care law if 5 million to 6 million people sign up by the end of March, an acknowledgement that enrollments might fall significantly short of the Obama administration's unofficial target of 7 million.

Biden, who was attending a private fundraiser in Minneapolis, made a brief unannounced stop at a coffee shop and visited with a handful of women who have signed up for coverage. Open enrollment under the federal law ends on March 31, after which people without insurance are subject to federal tax penalties.
Biden acknowledged the rocky rollout of the administration's Affordable Care Act website and the difficulty people have had in signing up. Minnesota has been among the numerous states, along with the federal Healthcare.gov site, to experience rampant technical problems that hampered enrollment.
"We didn't want this to start off as shaky as it did," he said. "But it's complicated."
Before the exchanges launched, the Obama administration projected monthly enrollment targets based on a congressional estimate that 7 million would sign up during the six-month open enrollment period. Signing up enough individuals — especially younger, healthier people — is critical for the insurance pool at the heart of the law to function properly, keeping premiums low for everyone.
Immediately, enrollment figures starting falling behind the targets. Although the pace of sign-ups has picked up substantially, there's still a lot of catching up to do from the initial months. About 1 million enrolled in January — the first time the administration met its monthly target.
Biden acknowledged that "we may not get to 7 million, but if we get to 5 or 6 million that's a hell of a start."
In total, nearly 3.3 million had enrolled through the end of January. That's about 75 percent of what the administration had hoped to achieve by that point in the open enrollment period.
Biden's office said the four women picked to meet with Biden either signed up for insurance under the federal law, or have worked as a navigator assisting others in the signup process. In the brief conversation, Biden related several health crises in his own life, including a serious car accident and a brain aneurysm, saying he appreciated the sense of security knowing he could count on his insurance.
Dressed in a dark suit with a dark scarf around his neck, Biden briefly worked the room at Moose and Sadie's, located in a trendy urban neighborhood near downtown Minneapolis. His voice was hoarse, and he was difficult to hear over the coffee shop's din. He did speak up when he spotted a woman with a San Francisco Giants cap.
"They allow you to wear that in Minnesota?" he said.
Biden was attending a private Democratic Party fundraiser at the restaurant Bachelor Farmer. Owned by the sons of Democratic Gov. Mark Dayton, the restaurant hosted a dinner for President Barack Obama in 2012.

The Mercedes-Benz dealership planned for Irondale will have something other dealerships don't have--a direct connection to Alabama head football coach Nick Saban.

"My partner and I have entered into a letter agreement with Mercedes Benz to open a new dealership in Irondale. We are honored to join the Mercedes family and are extremely excited about the benefits this dealership will bring to the citizens of Birmingham, Irondale and surrounding areas," Saban said in a statement via his attorney to AL.com. While Saban probably won't have time to run it, partner Joe Agresti has said that Saban could appear in television ads for the dealership as well as give motivational talks to the 75 expected employees.
According to a news report, the new business will not be known as "Nick Saban Mercedes-Benz," because the company doesn't allow it.
The dealership, as reported in December, is expected to bring in significant revenue for the city of Irondale. Saban's long-rumored partnership in the dealership was confirmed Monday.
For the time being, the dealership plans are on hold because of a lawsuit filed by Hoover's Crown Automobile against Mercedes-Benz USA claiming that a second dealership in the area would harm its business. Mercedes-Benz USA has said that it is within its rights to open another dealership in the area.

A large Jos. A. Bank Clothiers shareholder on Tuesday lambasted the retailer’s plans to buy outdoor apparel retailer Eddie Bauer as “desperate tactics” by the company’s executives and board to hold onto their jobs at the expense of shareholders.
Ricky Sandler, CEO of New York hedge fund Eminence Capital LLC, said in a letter to Jos. A. Bank’s board that the deal “to purchase a completely unrelated business” demonstrates “a total and complete disregard for your principal role: serving as a steward for shareholders in maximizing value.”
Jos. A. Bank announced Friday its deal to acquire Eddie Bauer for $825 million.
Sandler has been pushing Hampstead-based Jos. A. Bank to accept a $1.6 billion buyout offer from rival Men’s Wearhouse. Eminence is Men’s Wearhouse’s largest shareholder with a stake just under 10 percent. It also owns 4.9 percent of Jos. A. Bank, or more than 1.37 million shares.
Sandler, in his letter, said that Jos. A. Bank’s “bet the company” strategy to buy Eddie Bauer is risky because 40 percent of Eddie Bauer’s sales come from women’s clothing, an area that is “outside of Jos. A. Bank’s core men’s tailored clothing segment.” The deal also exposes Jos. A. Bank to more risk because Eddie Bauer’s clothing is also more of a discretionary purchase.
Jos. A. Bank said the acquisition would expand its offerings, bring in new customers, including women, and result in about $25 million in cost savings. A Jos. A. Bank spokesman could not immediately be reached for comment.
Eminence filed a lawsuit in Chancery Court in Delaware in an attempt to block Jos. A. Bank from making an acquisition that would lessen the chances of Men’s Wearhouse buying the company. Eminence filed an amended complaint on Feb. 4 even before Jos. A. Bank announced a deal to buy Bellevue, Wash.-based Eddie Bauer.