Nearly Half Of Californians Who Used Exchange May Drop Coverage

[Captain Obvious]

http://www.npr.org/blogs/health/2014/04/03/298711126/nearly-half-of-californians-who-used-exchange-may-drop-coverage


An analysis of the people who signed up for health insurance on California's exchange are likely to drop the coverage for a pretty good reason: They found insurance elsewhere.

Researchers at the University of California, Berkeley Labor Center that about 20 percent of Covered California enrollees are expected to leave the program because they found a job that offers health insurance. Another 20 percent will see their incomes fall and become eligible for Medi-Cal, the state's insurance program for people who have low incomes.

In addition to the 40 percent of enrollees who move to Medi-Cal or job-based insurance, between 2 and 8 percent of those who sign up for Covered California are expected to become uninsured, the analysis noted.

This turnover — or "churn" to those who study health insurance — is well-known in the Medi-Cal and individual insurance market.



http://media.npr.org/assets/img/2014/04/03/coveredcalifdeadline_wide-6ba3258a3259a465f09f94fb9dd72ed2fda2e373-s4-c85.jpg

[lynn]

They don't care as long as they don't do it right now. The government needs states in the final tally to be high so the ACA can be a success story. Of course, the only ones who think it will be a success are the insurance companies and the government while the public is getting the shaft.

[Mainecoons]

No I suspect the insurance companies are right now figuring out what a failure it is and planning nice fat rate increases on the paying customers to compensate.

[Peter1469]

No I suspect the insurance companies are right now figuring out what a failure it is and planning nice fat rate increases on the paying customers to compensate.

And finalizing their retirement plans. The ACA will put them out of business.

[Bob]

http://thepoliticalforums.com/images/misc/quote_icon.png Originally Posted by Mainecoons http://thepoliticalforums.com/images/buttons/viewpost-right.png (http://thepoliticalforums.com/showthread.php?p=565757#post565757)
No I suspect the insurance companies are right now figuring out what a failure it is and planning nice fat rate increases on the paying customers to compensate.


And finalizing their retirement plans. The ACA will put them out of business.

I am not an insider in the insurance business but after the law passed, I was getting notices from insurance companies that they wanted me to add insurance to my business and they would pay me a fat sum to become part of their operations.

I am an insider in the home business, from selling them to making loans on them to appraising them.

It was amazing to me since in all my years of operations, I had never had insurance companies trying to solicit me to be part of their operations.

I guess they were gearing up for a lot more health care business since by that time, the home business was suffering.

What happened to the insurance companies is they collected new customers. If they happen to have health problems in the bunches, then it won't pay off. If they get the kids who don't have health problems, it is a big windfall for insurance.

Obama is not telling the truth in his statements. This is situation normal for him.

He pretends he got the youth to sign up. But even in this left wing haven aka San Francisco, the news is admitting that the youth are not interested. A fine is cheaper than paying the insurance company. They are made of steel to begin with and fly faster than a speeding bullet.

[Ivan88]

Nice Avatar, Bob. Congratulations

[lynn]

No I suspect the insurance companies are right now figuring out what a failure it is and planning nice fat rate increases on the paying customers to compensate.

Also they will get a bailout from the government.

[Peter1469]

Also they will get a bailout from the government.

That might be a bit much for the American people to accept. We shut down Obama loaning al Qaeda our air force in Syria. I think a similar thing would happen with any proposed bail out of insurance companies.