Saturday, October 26, 2013

Obama Care Causing More Losses Than Gains


More losing insurance coverage than signing up on ObamaCare exchanges

More Americans reportedly are being kicked off their insurance due to ObamaCare requirements than are signing up for coverage via the newly launched health care exchanges. 
The Daily Caller reports that the number of cancellation notices is far higher than the number who have filed applications for coverage on HealthCare.gov. The administration recently reported that number at 476,000. The number of individuals who have completed the enrollment process is still unknown, but would be lower than that. 
Meanwhile, Kaiser Health News reported that insurance company Florida Blue sent out 300,000 cancellation notices. As the Caller reports, two different insurance carriers in California sent out a total of 279,000 of those notices. 
The same pattern is playing out in other states. 
The reason insurance companies give for sending out the notices is that their plans do not meet minimum requirements under the health care law. Many individuals will be offered plans that are ostensibly better in exchange, though customers have complained they didn't want to change. 
The administration is hoping to eventually enroll millions through HealthCare.gov, but is still struggling to correct problems with the website's design that have frustrated efforts to sign up.

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