20 share
According to Blue Cross, as many as 20% of those completing the enrollment process before Feb 1 of 2014, have not made their first payment and now owe for three months. Understand that a person or family cannot miss three payments or more without inheriting a penalty . . . . plus they still owe for insurance if they want coverage. Add in a 20 to 30 percent rescission rate ("failure to proceed") and, by all measurements, we wind up with a 50% downward correction in the numbers being reported. Without doubt, this 50% are the healthiest of the population. Their loss to ObamaCare, is critical. We will not know the truth for months down the road.
Unlike Benghazi, Fast and Furious, IRS targeting or the NSA spying scandals, this Administration of Lies will not be able to hide the real numbers forever. Rising rates are the demand of an insurance company if income is not received. Of course, the Administration can send insurance "bail-out money," written into the law, but the coupling of bail-out funds with increased rates, will give us a fairly accurate picture of the truth.
If this project is close to a real picture of what is happening with ObamaCare, we have closer to 3.5 to 4 million enrollees, 1.8 million of which had no insurance previously, and remainder, sickly and benefactors of federal subsidies.
Nothing good about that picture.
No comments:
Post a Comment