An Alternative to ObamaCare (ACA)
It’s safe to say that what happens in 2014 is incredibly unpredictable. The back end of the healthcare.gov site has insurers not getting good information. We are beginning to see a train wreck of administrative and service issues for people signing up through the public exchange because the data is incomplete or just plain wrong. Eligibility verification will fail. Claims will be denied. Networks on exchange plans are shrinking rapidly so access is flawed….. then on top of this there are security issues.
ObamaCare (ACA) needs 7M enrollees to make this thing work. 2.8M (40%) need to be young people. In January of 2014, only 24% that are signing up are young people. Part of the low turn out is because under this same law young people are allowed to stay in their parents plan to age 26 – so why sign up and pay a lot more premium? Also this younger segment is seeing the largest rate increases because of the laws ridiculous three tier age band structure. Young “invincibles” weren’t buying coverage before, why will they do it now at such a large expenditure? The exchanges are going to be in major trouble. If they don’t get the right blend of ages and risk, the high premiums will move much higher. What a mess. Read More »