Yesterday Investors.com posted an article about some of the basic problems in the administration of ObamaCare.
The article reports:
In a section titled “Other Issues,” an inspector general report released last week found that the HealthCare.gov marketplace couldn’t show it had been reconciling its monthly enrollment numbers with insurance companies.
That’s despite the fact that the law specifically calls for this reconciliation, and the fact that, as the IG report notes, “the federal marketplace obtained the services of a contractor to reconcile enrollment information.”
Obama administration officials “stated that the system to support reconciliations had yet to be developed.”
But as the IG makes clear, without this monthly reconciliation, the government “cannot effectively monitor the current enrollment status of applicants, such as … termination of plans.”
The article also reports:
Aetna says that out of 720,000 sign-ups, only about 580,000 were paid up by May 20, a payment rate of only 80.6%.
It’s also unknown how many have failed to keep up with their payments after making the initial one — the law gives consumers a three-month grace period before insurers can cancel their coverage. But the number could be significant.
A Kaiser Family Foundation survey found that 43% of those buying ObamaCare plans say they are having difficulty paying premiums, with 14% finding it “very difficult.”
That’s despite the fact that 87% of those who bought one of these plans through HealthCare.gov got taxpayer subsidies.
It is becoming obvious that ObamaCare is a disaster. We need to elect people in November who will practice free market principles–not crony capitalism–in healthcare policies. We are in danger of having the best healthcare system in the world destroyed. The American voter will be responsible for whether or not that happens,.
