Sunday, January 11, 2015

5.6 Million Obamacare Enrollees Could Be in Big Trouble

More than half of the 2014-2015 enrollment period for the Affordable Care Act, best known as Obamacare, is in the books, and the enrollment figures on the surface look very encouraging.
To be clear, Obamacare is about more than just enrollment figures. For one thing, in order for the health reform law to be successful, it'll need people that enroll to actually continue paying their premium. This is the only way that medical care costs get spread out over a greater swath of the public, which is needed to control medical care cost inflation. However, between April and mid-October, for instance, around 1 million people stopped paying for their health insurance. The program will need to minimize this attrition in 2015 and beyond in order to be successful.
Surface enrollment data is strong
In the meantime, Obamacare enrollments from week six (Dec. 20 to Dec. 26) continue to point toward the law bringing in more than the 9.1 million people that the Department of Health and Human Services had predicted.

http://www.fool.com/investing/general/2015/01/10/56-million-obamacare-enrollees-could-be-in-big-tro.aspx 

No comments: