Obamacare deadbeats: Some don't pay up
CNN reports that 20% of those that
signed up for federal healthcare last year have not paid their first month’s
premium. 2.1 million signed up to have their coverage begin on January 1st,
but they will not receive coverage if they miss the extended deadline. The Texas-based insurer expected its payment
rate to be in the high 80% range by its deadline. Insurers are pleased with the
payment rates and experts say that there has been a huge uptick in payments in
recent weeks. Most people have until Friday
to make their payments or their coverage will be terminated before it even
started. I wonder how long it will take to sort out the glitches in the new
system.
http://money.cnn.com/2014/01/30/news/economy/obamacare-premiums/index.html?iid=SF_E_River
1 comment:
I've heard a lot of reports about the glitches and issues with the Obamacare system, but I think it's weird that people are not paying. It mentions that some are confused on the activation process, but then it seems like the insurer has stressed and reminded people to pay if they want coverage. I'd be interested to see what some of the other reasons for people not paying are and what the enrollment numbers actually end up being.
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