Seriously? Aetna CEO: "Only 11% Of ObamaCare Signups Have Been Uninsured"

KERNEN: “In spite of the government, you're doing OK.”SORKIN: “What is your latest read on the website, if you will.”BERTOLINI: “You know, I think too much is being made of the website. We've all had website failures from time to time, and this was a particularly big problem, but I think, really, is the program working behind the website—”SORKIN: “OK, so what about the pool?”BERTOLINI: “So right now we see that only 11 percent of the population is people that were formerly uninsured that are now insured. So we didn't really eat into the uninsured population. So, is the program working? We saw people that were very adept at shopping, so economics always works, so if I can find a cheaper policy versus the the one I already have, in the individual market, I'll go and buy that. We didn't see a whole lot of shift. As a matter of fact, employers shied away from moving their employees into public exchanges because they didn't like the way it rolled out. And so, we saw employers pull back from thinking about the public exchanges for their employees. So what we saw was a shift from the individual insured market onto the public exchanges where they could get a better deal on the subsidy.”



Blogger John A said...

I read it a bit differently, that of those who had been uninsured [only] 11% got coverage.

Or something. This guy talks the way insurance policies read.

4/01/2014 7:18 PM  

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