Posted on 05/08/2014 5:00:32 AM PDT by lowbridge
Major health insurers say at least 80 percent of the people enrolled in their ObamaCare plans have paid their first premium.
Aetna, which offers ObamaCare plans in 17 states, told a House committee roughly 500,000 of their 600,000 enrollees had paid a premium by the third week of April.
Paul Wingle, an executive with Aetna, said the company's payment rate has been in the "low- to mid-80 percent range" and suggested it would rise.
"These are dynamic figures and do not reflect final enrollment numbers, as some enrollees have not yet reached their payment due dates," Wingle said.
Frank Coyne, a vice president of Blue Cross Blue Shield, also confirmed about 80 to 85 percent of their ObamaCare insured have so far paid their first premium.
Health insurance provider Wellpoint, which serves 14 federal and state exchanges, says up to 90 percent of those who have signed up for their plans and have met their premium deadlines have paid up.
However, when looking at total number of applicants who have signed up but have not necessarily hit their payment deadlines, Dennis Matheis a president at Wellpoint, said about 70 percent have made payments.
(Excerpt) Read more at thehill.com ...
“Very easy to believe that 80% have paid their FIRST premium.
Very DIFFICULT to believe that most can afford to KEEP paying their premiums.”
This is standard practice for the typical Obama voter when required to obtain motor vehicle insurance as required by state law.
They obtain the insurance card by making the first minimum premium payment, then make no further payments and they then have an insurance cared in their hand to present to the police when stopped for a traffic offense.
Good for them, bad for you if they hit you with their vehicle.
I got that letter sometime 3rd quarter of last year. I wouldn’t be surprised if this is what’s going on.
Given the overall deadbeat nature of present-day society, I find this very hard to believe.
paid in full or just the subsidy was paid by the government?
I would guess that this includes Medicaid enrollees and the folks so heavily subsidized that they pay nothing plus they are cooking the books as usual. Insurance cos. are collection agencies for the government now.
“paid in full or just the subsidy was paid by the government?”
My thoughts, too.
If these co-conspirators (the insurance company ceos) tell me its raining, I’d have to look out the window before believing them. Even then, I’d be skeptical.
That is the point, wait till these people actually begin to use there so-called benefits and the added costs of deductibles, copay, and the frustration of finding a doctor, comes into play.
I don't think once you are in the system you can just quite, the IRS will take whatever refund you would get to pay the premiums, then add interest and penalties to the amount left over.
Most people get a refund and most people will be shocked, who quite paying premiums come next Apr 15.
These insurers must have some grand guarantees from the gov't to put lipstick on this pig.
This is good. Now they need to remember this claim when they come sniffing around wanting the taxpayers to bail them out. Ain’t happening.
Absolutely, they’re all in — all the way. The phrase “thick as thieves” comes to mind.
“They obtain the insurance card by making the first minimum premium payment, then make no further payments and they then have an insurance cared in their hand to present to the police when stopped for a traffic offense.”
Doesn’t work that way in Ga. The insurance info is real time linked to tag number. No insurance when stpped, and you walk home, the state impounds the vehicle till insurance coverage is obtained. Big fine at the tag office when this happens as well.
>>> 80% is good eh? How many who had insurance before they were forced to have it actually paid their first month’s insurance bill? My guess, 100%.
I don’t recall saying anything about 80% being “good”.
I said it’s EASY to believe that 80% have paid “something”.
If we want to evaluate the “goodness” of Obamacare participation rates, I would submit that if we had 100% participation AND payment at this point, THAT would be extremely BAD! It would mean that not only have our constitutional rights been taken from us, but that we have willingly given them over to a tyrannical self serving communist dictator.
Liars.
Confirmed: Many of Obamacare’s ‘Eight Million Enrollments’ are Duplicates:
http://www.freerepublic.com/focus/f-news/3153598/posts
SO .... I wonder how they get to 80% of enrollees have paid when there are many duplicates and since the back end reconciliation isn’t built, they aren’t sure of the actual, ‘good’ number ..... it goes on and on.
My experience has been that when those 80% get in a financial tight spot the first thing dropped is insurance payments as they need that money for something else they consider more important.
“Doesn’t work that way in Ga”
Good, but not in most states, especially Democrat controlled states.
Newsmax
Insurance Executives: Obamacare Fees Will Be Passed on to Consumers
Thursday, May 8, 2014 09:27 AM
By: Melissa Clyne
Fees imposed on health insurance providers by the government — expected to raise over $100 billion over 10 years — as part of Obamacare will be passed on to policyholders, health insurance executives told a House Energy and Commerce Committee on Wednesday, The New York Times reports.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.