Posted on 05/01/2015 5:36:56 PM PDT by yuffy
Nearly half of the 17 insurance marketplaces set up by the states and the District under President Obama’s health law are struggling financially, presenting state officials with an unexpected and serious challenge five years after the passage of the landmark Affordable Care Act.
Many of the online exchanges are wrestling with surging costs, especially for balky technology and expensive customer call centers — and tepid enrollment numbers. To ease the fiscal distress, officials are considering raising fees on insurers, sharing costs with other states and pressing state lawmakers for cash infusions. Some are weighing turning over part or all of their troubled marketplaces to the federal exchange, HealthCare.gov, which now works smoothly.
The latest challenges come at a critical time. With two enrollment periods completed, the law has sharply reduced the number of uninsured and is starting to force change in the nation’s sprawling health-care system. But the law remains highly controversial and faces another threat: The Supreme Court will decide by the end of June whether consumers in the 34 states using the federal exchange will be barred from receiving subsidies to buy insurance.
(Excerpt) Read more at washingtonpost.com ...
http://www.ocregister.com/articles/california-658869-covered-state.html
The article above indicates:
Covered California is $80 Billion bucks in the hole
At that rate alone it is unsustainable(never mind a train that goes nowhere fast)
Enrollment for this year fell 300,000 short of the goal set and that was a mark that was synthetic in the first place, as it recognized certain realities in re-enrollment.
Speaking of re-enrollment: Covered California retained only 65% of previous enrollees.
That’s called “churn” in business parlance and anything over 10% retention is considered an abysmal failure in the business world and usually a predictor of further failures in growth and realistic sustainability of going enterprise.
I don’t know how to quantify a 65% retention rate and its effects on future years but, it definitely portends a colossal disaster...
This article was written by a news organization that is generally supportive of Jerry Klown and Fauxbama, so I don’t know what to make of it either...
Of course they face financial ruin.
That was part of the plan.
There’s that word again - “unexpected”
The smart states refused to enroll, knowing it was an obvious scam that will bankrupt states when the three years of federal subsidies run out. Kasich of Ohio is one of the few GOP governors who fell for it. So much for his claim to be a deficit hawk.
Finally some good news on Friday. Let’s make this a “Good Friday” for America, and a very bad one for the Obama regime.
Venezuela faces a lot of financial struggles too.
Some doctor wrote a piece for Forbes extolling the virtues of Obamacare. I may post it on FR so Freepers can rip it apart.
They have successfully achieved their desired goals.
I detest communists. All their ideas have such an fetid odor.
Ping me.
People have a problem with math but, “Feelingsssss, Oh, whoa, whoa, feeeeelingsss...”
bookmark
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