Who’s Signing Up in the Exchanges?
The early signs are not good. Insurers privately admit that enrollment thus far is too low and the mix skews toward high-cost beneficiaries whose premiums won’t cover their care. The enrollment figures from the first month comport with no known industry standard, and only about a third of applicants qualified for subsidies.
This suggests they’re older people with more income but also more expensive chronic conditions. Many of them will be people who had their old plans terminated, not the new uninsured consumers the health industry is after. (WSJ)
We already knew this would happen.
Yet people are still wondering
these risk pools are only filled with risk
to restate, I take it you’re referring to the disparity between high-consumption patients vs. low/moderate-consumption patients?
I can’t see any insurer wanting to get in on this mix unless there are some serious changes. A lot of small states have less than 2 providers signed up.
Point proven: New Hampshire. Health disparity between NH and VT is just getting worse.
Stocks are actually rising, and most insurance companies are set to make money. If they didn’t think it was good for them they would have lobbied against it harder.
“thus far is too low and the mix skews toward high-cost beneficiaries whose premiums won’t cover their care.”
The first of the year is going to be full of scared people who have no insurance provider to turn to
I wonder how many people will fall under pre existing condition when the resign up?
Early signs, later signs… it will not be good in general.