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Its a bit early to know if Humana will face big losses.
I read the article written by someone at the American Enterprise Institute, which has been against Obamacare since 2010. Before that, in the 1990, AEI was promoting the very concept that is Obamacare - providing subsidies so people could afford to buy insurance through private insurance companies.
My take on the article: It seems a bit early for Humana to officially declare how much they will lose and how much of a bailout they will require. I would imagine the numbers are part of a "what if" scenario.
80% of people who enrolled through the Marketplace have paid their premium, according to something I read recently. If a person misses the deadline for payment, they must resubmit their application through the Marketplace.
How sick are enrollees? I am an insurance agent and I can't say I've signed up one person who is really sick and will need expensive care. My clients are generally in their 50's nd early 60's but they are healthy. About half already had health insurance but are getting better coverage at a better price through Obamacare. I am in Tucson, AZ which is among the lowest-cost markets in the country. Tucson among the lowest-cost health insurance markets | MEDICAREBLOG.org
Last edited by medicareblogger; 02-16-2014 at 12:03 PM..
Reason: link typo
I read the article written by someone at the American Enterprise Institute, which has been against Obamacare since 2010. Before that, in the 1990, AEI was promoting the very concept that is Obamacare - providing subsidies so people could afford to buy insurance through private insurance companies.
My take on the article: It seems a bit early for Humana to officially declare how much they will lose and how much of a bailout they will require. I would imagine the numbers are part of a "what if" scenario.
80% of people who enrolled through the Marketplace have paid their premium, according to something I read recently. If a person misses the deadline for payment, they must resubmit their application through the Marketplace.
How sick are enrollees? I am an insurance agent and I can't say I've signed up one person who is really sick and will need expensive care. My clients are generally in their 50's nd early 60's but they are healthy. About half already had health insurance but are getting better coverage at a better price through Obamacare. I am in Tucson, AZ which is among the lowest-cost markets in the country. Tucson among the lowest-cost health insurance markets | MEDICAREBLOG.org
From the article above, oh my, no cancel button, no wonder no one can give us the correct enrollment numbers:
He said some people may have enrolled in Obamacare exchange plans only to find and buy insurance elsewhere.
Other people who selected plans "get the bills mailed to them ... [and] they didn't think it was going to cost as much as it did," Hamburger said. "Or, they didn't get the bill."
Then, there's the lack of a cancel button. The website for HealthCare.gov, the federal Obamacare exchange selling policies to residents of 36 states, still does not give customers the ability to remove their unwanted enrollment from the system, Laszewski said. And that could be inflating enrollment tallies, he said.
Well I'm satisfied. That really eases my concerns over this Federal Government being in control of the Armageddon Button. And what about that Reset Button they were carrying around when they went to Russia?
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Its a bit early to know if Humana will face big losses.
