Author Topic: 15-20 percent aren't paying Obamacare premiums, insurer says  (Read 150 times)

0 Members and 1 Guest are viewing this topic.

Offline rangerrebew

  • America defending Veteran
  • TBR Contributor
  • Hero Member
  • *****
  • Posts: 48,672
  • “It’s easier to fool people than to convince them
15-20 percent aren't paying Obamacare premiums, insurer says
« on: April 03, 2014, 02:25:38 PM »
15-20 Percent Aren't Paying Obamacare Premiums, Insurer Says

New data from a major insurer suggest real enrollment is at roughly 6 million.

By Sam Baker
Follow on Twitter

April 2, 2014

One of the biggest players in Obamacare's exchanges says 15 to 20 percent of its new customers aren't paying their first premium—which means they're not actually covered.

The latest data come from the Blue Cross Blue Shield Association, whose members—known collectively as "Blues" plans—are participating in the exchanges in almost every state. Roughly 80 to 85 percent of people who selected a Blues plan through the exchanges went on to pay their first month's premium, a BCBSA spokeswoman said Wednesday.

The new statistics, particularly from such a large carrier, help define how many people are actually getting covered under the Affordable Care Act.

The Blues' experience is in line with anecdotal estimates from other insurance executives, who indicated earlier in the enrollment process that they received payments from about 80 percent of people who selected their plans.

The Blues' latest estimate includes policies that took effect Feb. 1 or earlier, the spokeswoman said.

Some health care analysts have suggested that the payment rate could improve later in the enrollment window, as plans had more time to track down consumers who hadn't paid.

Wherever the final number ends up, it will be the real measure of how many people are actually covered through the Affordable Care Act's exchanges. The Obama administration has been releasing the number of people who selected a plan, but says it doesn't have accurate data on how many have actually paid. And consumers don't have coverage they can use until they make that first payment.

If the nationwide payment rate, across all carriers, remains at 80 to 85 percent, the 7.1 million sign-ups Obama announced Tuesday would translate into somewhere between 5.7 and 6 million people who are actually covered.
« Last Edit: April 03, 2014, 02:26:34 PM by rangerrebew »
America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves. Abraham Lincoln

Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo