Heres an update on the financial stability of the Affordable Care Act. The news is not good. The national numbers have fallen well short of enrollment in the 27-35 age group. Feds needed to have at least 40 percent of the total number of enrollees to be able to create a viable insurance pool that would be financially stable. Currently, national enrollees are at just 25 percent in this age group. Due to this, our Ranking Republican Rep. Joe Schmick on the House Health Policy Committee predicts with certainty that another round of large health insurance premium increases are on the way for next year’s renewal. The reason for this is because the lack of younger (more healthy) people paying into the system is not enough to cover the older (less healthy) people’s coverage cost, so the system is unsustainable at current rates. In absence of many more young people ages 27-35 signing up for ObamaCare, brace yourself for dramatic cost increases in your families health insurance premiums.
Posted on: Sun, 23 Mar 2014 18:40:29 +0000
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