Please Hit

Folks, This is a Free Site and will ALWAYS stay that way. But the only way I offset my expenses is through the donations of my readers. PLEASE Consider Making a Donation to Keep This Site Going. SO HIT THE TIP JAR (it's on the left-hand column).

Monday, January 20, 2014

Almost 90% of Obamacare Signups Already Had Insurance

Depending on which progressive you listen to Obamacare is going to cover anywhere from 20-40 million people who never before had insurance. According to a report in the Wall Street Journal only 11% of the people who signed up for Obamacare didn't have insurance before.

Early signals suggest the majority of the 2.2 million people who sought to enroll in private insurance through new marketplaces through Dec. 28 were previously covered elsewhere, raising questions about how swiftly this part of the health overhaul will be able to make a significant dent in the number of uninsured.
According to a survey by McKinsey and Co., only 11% of consumers who bought new coverage under the law were previously uninsured.

The result is based on a sampling of 4,563 consumers performed between November and January, of whom 389 had enrolled in new insurance.
One reason for people declining to purchase plans was affordability. That was cited by 52% of those who had shopped for a new plan but not purchased one in McKinsey's most recent sampling, performed in January. Another common problem was technical challenges in buying the plans, which 30% mentioned.

Insurers, brokers and consultants estimate at least two-thirds of those consumers previously bought their own coverage or were enrolled in employer-backed plans.

The data, based on surveys of enrollees, are preliminary. But insurers say the tally of newly insured consumers is falling short of their expectations, a worrying trend for an industry looking to the law to expand the ranks of its customers.

About 48 million Americans were uninsured in 2012. The health law is expected to cut 25 million from that total by expanding state-run Medicaid programs and the pool of privately insured people who buy through state marketplaces, also called exchanges.

Only 11% of consumers who bought new coverage under the law were previously uninsured, according to a McKinsey & Co. survey of consumers thought to be eligible for the health-law marketplaces. The result is based on a sampling of 4,563 consumers performed between November and January, of whom 389 had enrolled in new insurance.
One reason for people declining to purchase plans was affordability. That was cited by 52% of those who had shopped for a new plan but not purchased one in McKinsey's most recent sampling, performed in January. Another common problem was technical challenges in buying the plans, which 30% mentioned.

Health Markets Inc., an insurance agency that enrolled around 7,500 people in exchange plans, said 65% of its enrollees had prior coverage. Around 10% were dropping out of employer coverage, either because the employer stopped offering its plan or because they could qualify for subsidies on the marketplaces. Fifteen percent had previous individual plans canceled, and 40% decided to switch into coverage bought through an exchange from previous individual plans.
Even if the number is between 65% and 89% of the Obamacare enrollees having previous coverage, it still means the biggest result of Obamacare is people moving from one plan to another, and somewhere between 200 and 700k of the 2.2 million people who have signed up needed some sort of insurance before the government decided to take it over.

So please explain----why is this failed government intrusion into our freedom the law of the land?

2 comments:

Jeff Dunetz said...

Although,
there are many good advocates in Israeli, it’s hard to find a great israeli advocate. Due to
this, a question comes up: what makes a good advocate great? Well, the answer
lies in how you conduct yourself as an advocate. For you to be great, you need
to be professional. This means that you need to treat your clients and partners
with utter respect. You also need to
research all the cases that you have. This will ensure that you have all the
facts when you present the cases in court. In addition to this, you also need
to love your job. When you love being an advocate, there is no reason as to why
you can’t be great!

Jeff Dunetz said...

Interesting. Now Arab and Japanese anti-Israel propagandists can pose as advocates of Israel so that cynical politicians can pretend to be dialoguing with the pro-Israel side while actually ignoring them. Anti-Israelis can now stand on both sides of the Palestinian issue and pretend to be debating before ultimately concluding in unison that the only solution is for Israel to dissolve itself and for the Jews to go to Europe and the US. Perhaps pro-Israelis should create a "Palestine" advocacy group for the Israeli government to dialogue with. Strange, doesn't seem like the kind of thing Israelis would stoop to.