Colorado Obamacare Exchange Expects A Quarter Of Sign-ups To Drop Coverage
http://dailycaller.com/2014/07/08/colorado-obamacare-exchange-expects-a-quarter-of-sign-ups-to-drop-coverage/
Colorado’s Obamacare exchange is doubling its estimate of how many sign-ups won’t actually have health coverage, according to exchange board members.
The exchange previously estimated that 13 percent of the people who signed up for health insurance through its Obamacare marketplace would either fail to pay their premiums in the first place, or would drop their coverage sometime over the next year. But exchange officials have updated the figures and now believe that 24 percent of sign-ups will drop their policies in 2015, the Denver Post reports.
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Higher rates of dropped policies could spell problems for doctors and hospitals as well. The health care law requires insurers wait 90 days before canceling an insurance policy when a customer doesn’t pay, but only mandates that insurance companies pay for medical care the customer uses in the meantime for the first 30 days.
If the customer uses any health care services in the last 30 days before their policy is canceled, doctors will be forced to either wrangle payments directly from the customer or go without reimbursement.
Health care associations have protested the rule, as it could deter doctors and other providers from accepting plans sold on Obamacare exchanges. Rising estimates of dropped insurance coverage in some states could further pressure health care providers working with Obamacare marketplaces.
(Entire article is at the link. Zim.)
Mad Poet Strikes Again.
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