To hear HHS & other Obamacare supporters try to spin United's statement as 'no big deal' and insurance companies will rotate in and out of the market & this was only a small chunk of the market ... and on and on is laughable. This is a huge deal. Obamacare is terminally ill because its business insurance model does not work.
When will the denial, over the real shape Obamacare is in, end?
The Robert Wood Johnson Foundation and Urban Institute findings have now given additional credibility to the very same conclusion many of us have been trying to make since the Obamacare launch: The Obama administration has NOT been so successful in enrolling those eligible--they've got more than 60% of the group remaining!
If the Obama administration signs up the 10 million they are estimating they will sign-up during the current open enrollment, based upon the historic number that are subsidy eligible, they will have less than the 9 million of the 24 million RWJF and UI estimate are in the potential exchange subsidy market - just a 38% success rate. And, that is nowhere near where they will have to be to make these risk pools sustainable for the insurance companies or politically sustainable in the country.
Or keep the likes of UnitedHealth Group in the program.
for later