Posted on 01/11/2014 5:30:51 AM PST by tobyhill
Many insurers should know by Friday how many of the 2 million-plus Obamacare sign-ups have actually converted into premium-paying customers. Yet an array of payment deadline extensions by other plans means that what critics have been demanding — a full count of Americans insured under Obamacare — won’t be available until next month.
Companies are scrambling to ensure that individuals who committed to plans online in fact put their money where their mice are. They’re staffing call centers and even making robocalls to get procrastinators to finalize their first premium payment.
But the effort has been complicated by several dysfunctional state exchanges and, of course, by the massive early troubles of HealthCare.gov. Well into November, the federal portal was failing to send many people’s enrollment files to insurers or, in even more cases, sending files with errors, making it difficult or impossible for insurers to follow up.
Health plans and experts said Thursday that a significant number of those who signed up — perhaps as many as half — still had not paid. But they emphasized that customers’ lag was not surprising given the surge of people who enrolled just before the Dec. 24 deadline and the time it takes to receive their files from the exchanges, send out bills and get payments in return. Last month’s big push was for coverage beginning Jan. 1.
(Excerpt) Read more at politico.com ...
Invoice?
Insurance premium?
I gotta pay?
I don’t understand.
I thought Obama was paying for it out of his “stash”.
You wait...gonna happen on a relatively large scale.
That change Humana is referring to is Obama's unilateral "administrative fix" aimed at allowing individuals to remain enrolled in plans that had been cancelled--imposed by Obama's signature healthcare law mandates. Obama announced the "fix" after a storm of criticism over his broken promise that anybody who liked their plan could keep it.
UT, OH---TROUBLE AHEAD With 2016 in mind, Bill Clinton, himself, called on Obama to "honor the commitment he made" that people should be able to keep their health care plans. But lately the Clinton camp has been distancing itself from Obamacare as the problems associated with it become more apparent to the not-amused American electorate.
Tevi Troy, Hudson Institute scholar's remarkable prophecy a year and a half before the USSC's decision, after Nov 2010 midterms, in which Democrats in Congress and in state legislatures suffered huge losses.....due to O/Care. In Commentary magazine, Troy wrote: "The Pyrrhic victory Democrats secured for themselves [when Obama signed ACA into law] may prove not to have been a victory at all but rather an ever-roiling, ongoing, and recurring act of political and ideological self-destruction."
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LOCK-STEPPING PARTY LOYALTY NOT SEEN SINCE 1940's ERA EUROPE Obama And The Dumbos marching in lockstep. The persistent Dumbocrat drumbeat ---- in obeisance to Obama ---- kept ringing reassuringly in our ears: "If you like your plan, you can keep your plan."
ObamaCARE is about fees, fines, redistribution, and taxes.
No so much about HEALTHCARE.
Death from ObamaCARE is coming soon to every block
in the USA. The screams will be deafening by 2015.
They've so screwed up the system, there is no way it will function for long. But I presume that was planned.
In “Guvspeak”, “as many as half havent paid” translates as 90% haven’t paid and about half of those are lost in the system. The other half will be double or tripled charged...But denied coverage when they ask.
That’s like the homeowners who show up at the tax office asking why they are receiving property tax bills. “You owe property tax”.
Uh uh, Obama is president and I don’t have to pay no taxes!
True story that has occurred multiple times at a county tax office in TX.
It makes one think that these people were told if they voted for Obumer, their bills would be paid!!
You can’t fix stupid.
What would we think of an insurance company that has proved itself to be as inept as Obamacare has been?
Fixed it!
The perception of inadequacy is being distorted by government meddling. The goal of the government left wing wackos is to implement their Utopian agenda. To feel good trumps to function.
Insurance works because long tried and true calculations are made of risk. When the calculations are thrown away and policies are sold based on mandates, risk is not a factor in the cost calculation. The premium is no longer insurance it is merely a collection to offset unknown total cost.
The result is that the insurance companies did not make poor risk assessments, they were forced to abandon that which is known to function. They are being forced to be implementers of a system that will succeed only if there is a miracle.
By tinkering and adjusting and screwing around, Obama is attempting to produce the miracle.
Exactly right. They ain’t gonna pay. They want/expect someone else to pay for them.
Obama and his cohorts are all HOPE-ing that at some point their vaunted Utopia will just all of a sudden kick into gear and every "problem" they have knowingly introduced will disappear.
And I am not kidding.
The goal of the government left wing wackos is to implement their Utopian agenda.
**********
ZeroHedge had a post this morning about an editorial in Rolling Stone magazine that was promoting the left’s utopian economic vision. Here’s the link:
http://www.zerohedge.com/news/2014-01-10/rolling-stone-resurrects-karl-marx-and-no-it-was-not-satire
In California, there's somewhere around 5 million people who lost their insurance when Obamacare took effect.
In Florida, somewhere around another 1.8 million lost their insurance.
Here in Illinois, over 800,000 have lost their insurance due to Obamacare.
Seems to me ObamaCare is causing MORE people to LOSE their insurance than it is actually "helping."
Would LOVE to see a total of how many people in all 50 states have lost their insurance due to Obamacare. Is there a source somewhere with that information?
Even if these people pay their first month’s high-priced premium, there is a good chance they will not be able to afford to keep the payment up every month and a good percentage will just let their policies lapse through non-payment. Even people who are not well-versed in economics (which is a large percentage of the population), will quickly see that they can’t afford the expensive premiums.
And if they go to the doctor or hospital, they will find out the hard way that even though they have insurance they are paying an arm and a leg for (no pun intended), they still have to pay for most of their medical treatment out of their pocket by way of the high deductibles before the insurance even kicks in. And even after that, they will owe 20-30% co-pays.
Many will drop their coverage and pay the fine (sorry, TAX) if the IRS can find them and pay as they go with cash for their medical treatments. They will save money that way and with most people hurting from Obama’s “thriving” economy, they will realize that having insurance through ObamaCare exchanges is robbing them blind.
Yes, this should be fun!
You must file a 1040 tax return before the IRS can calculate what your subsidy will be for the current tax year.
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