The massive failure of Obamacare is such a regular occurance, it's hardly news an longer.
Health-care exchange sign-ups fall far short of forecasts
By Carolyn Y. Johnson August 27 at 8:10 PM
Enrollment in the insurance exchanges for President Obama’s signature health-care law is at less than half the initial forecast, pushing several major insurance companies to stop offering health plans in certain markets because of significant financial losses.
As a result, the administration’s promise of a menu of health-plan choices has been replaced by a grim, though preliminary, forecast: Next year, more than 1 in 4 counties are at risk of having a single insurer on its exchange, said Cynthia Cox, who studies health reform for the Kaiser Family Foundation.
Debate over how perilous the predicament is for the Affordable Care Act, commonly called Obamacare, is nearly as partisan as the divide over the law itself. But at the root of the problem is this: The success of the law depends fundamentally on the exchanges being profitable for insurers — and that requires more people to sign up.
In February 2013, the Congressional Budget Office predicted that 24 million people would buy health coverage through the federally and state-operated online exchanges by this year. Just 11.1 million people were signed up as of late March.
Read more: https://www.washingtonpost.com/business/economy/health-care-exchange-sign-ups-fall-far-short-of-forecasts/2016/08/27/3d93f602-6895-11e6-99bf-f0cf3a6449a6_story.html
Health-care exchange sign-ups fall far short of forecasts
By Carolyn Y. Johnson August 27 at 8:10 PM
Enrollment in the insurance exchanges for President Obama’s signature health-care law is at less than half the initial forecast, pushing several major insurance companies to stop offering health plans in certain markets because of significant financial losses.
As a result, the administration’s promise of a menu of health-plan choices has been replaced by a grim, though preliminary, forecast: Next year, more than 1 in 4 counties are at risk of having a single insurer on its exchange, said Cynthia Cox, who studies health reform for the Kaiser Family Foundation.
Debate over how perilous the predicament is for the Affordable Care Act, commonly called Obamacare, is nearly as partisan as the divide over the law itself. But at the root of the problem is this: The success of the law depends fundamentally on the exchanges being profitable for insurers — and that requires more people to sign up.
In February 2013, the Congressional Budget Office predicted that 24 million people would buy health coverage through the federally and state-operated online exchanges by this year. Just 11.1 million people were signed up as of late March.
Read more: https://www.washingtonpost.com/business/economy/health-care-exchange-sign-ups-fall-far-short-of-forecasts/2016/08/27/3d93f602-6895-11e6-99bf-f0cf3a6449a6_story.html