From Fox News:
The Obama administration’s latest rosy scenario about 3.3 million consumers signing up for health care plans is facing skepticism from top insurance industry officials, who estimate that somewhere in the range of 10 to 25 percent of those “enrollees” actually have not yet paid their premiums and are not fully enrolled
“The numbers are not as high as 3.3 million -- it’s lower,” one senior insurance industry source told Fox News. “Those numbers are inflated. The question is how much.”
Industry officials tell Fox that some insurance companies have privately reported up to 30 percent of enrollees have not paid up, while other companies believe a higher percentage of customers have taken care of their premiums. The senior insurance industry source suggested it averages out to roughly 10 to 25 percent of enrollees not yet paying into the system, and thus those individuals do not really have insurance. . . .
This would imply that instead of 3.3 million, the number would be 2.48 to 2.97 million. It also appears that the costs of the getting people enrolled have been pretty large, though the numbers that I have seen have some problems -- particularly in that they include development costs for the website that will be useful for many years, not just one. From Investors' Business Daily:
How much does it cost taxpayers to sign up one ObamaCare enrollee? In President Obama's home state of Hawaii, it's $56,819.
The Obama administration gave Hawaii $205 million in grants over the past three years to set up its state-run exchange. But so far, only 3,614 Hawaiians have filled out applications — just 40% of the state's enrollment goal.
Even if Hawaii were to reach its 9,000 target, it would still cost nearly $23,000 for each enrollee.
Hawaii's low sign-up numbers have state officials scrambling to figure out what to do next year, when its exchange is supposed to rely on excise taxes charged to insurers selling through the Hawaii Health Connector.
Washington, D.C., meanwhile, received $133.6 million in federal grants to build its exchange, but so far has signed up just 5,090 — for a per-enrollee cost of $26,242.
Ironically, the city where Obama signed ObamaCare into law is just 12% toward its enrollment goal, the second worst rate in the country. . . .
Labels: obamacare, obamacare enrollment