What a disaster.
One in five Obamacare enrollees did not pay their first month’s premium, meaning they weren’t actually enrolled.
The Wire reported:
About one in five Obamacare enrollees never paid their first month premium, meaning they weren’t actually insured in January, The New York Times reports. Insurance providers across the country say anywhere from 70 to 95 percent of customers managed to pay their premiums by extended, mid-January deadlines. But in some cases, 25 to 30 percent of would-be enrollees — enrollees the government has been counting in its enrollment numbers — missed even extended deadlines.
Advertisement - story continues below
This comes just two days after the Obama administration reached its first monthly enrollment target in January, signing up 1.146 million individuals when they expected 1.059 million. The administration has said it doesn’t know how many people have paid since they haven’t finished building the back end of the exchange (the part that pays insurers). But if, across the board, 20 percent of people haven’t paid their premiums, then January enrollments would be under 1 million.
It gets worse — According to The Lund Report, the CBO predict 5 out of 6 million exchange enrollees (or about 83% ) in 2014 will receive a federal subsidy. That means only 17% are actually paying for their own plans without the help of Sugar Daddy government.
And, then there’s this… One-quarter of new enrollees are ages 18 to 34, below the 40 percent threshold the administration at first said was necessary to keep premiums steady. Moreover, 55 percent of enrollees are women, who are generally more expensive to insure than men, mostly because of maternity care.