Post by cjm on Aug 28, 2016 18:35:45 GMT
Health-care exchange sign-ups fall far short of forecasts
I can already hear the clever doctors at UCT saying, "The profit motive is the problem. The state must take control of all insurance schemes. We also have enough rich people to tax out of their underclothes to subsidize the poor".
Enrollment in the insurance exchanges for President Obama’s signature health-care law is at less than half the initial forecast, pushing several major insurance companies to stop offering health plans in certain markets because of significant financial losses.
As a result, the administration’s promise of a menu of health-plan choices has been replaced by a grim, though preliminary, forecast: Next year, more than 1 in 4 counties are at risk of having a single insurer on its exchange, said Cynthia Cox, who studies health reform for the Kaiser Family Foundation.I can already hear the clever doctors at UCT saying, "The profit motive is the problem. The state must take control of all insurance schemes. We also have enough rich people to tax out of their underclothes to subsidize the poor".