22% of Obamacare Enrollees Dropped Coverage this Year

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    Sep 09, 2015 4:20 AM GMT
    How could this be?????

    22% of Obamacare Enrollees Dropped Coverage this Year

    More than 20 percent of the people who signed up for Obamacare plans on state and federal exchanges for 2015 have since dropped their coverage.

    Earlier this year, the Obama administration reported that 12.7 million had signed up for insurance on the exchanges.

    Roughly 22 percent of those individuals have since dropped coverage for various reasons, leaving 9.9 million paying customers on the exchanges as of the end of June.

    The number of paying customers is still declining but will be in the range of 9.1-9.9 million, which the Obama administration said was their enrollment estimate for 2015. That estimate is significantly below earlier CBO projections which projected enrollment of around 13 million by the end of 2015.

  • bobbobbob

    Posts: 2812

    Sep 09, 2015 6:28 AM GMT

    That brings the enrollment down to less than 11.2 million. hmmm.
    And falling more? So much for that grand scheme working without the full force of federal government imprisoning people for not participating in their scam.

    I'm not that brave... yet. I'm investigating the possibilities since I was informed about this: http://www.realjock.com/gayforums/4108642/

    I met two of them this past weekend, but they're both young, self-made wealthy. On this subject and talking about catastrophic illnesses they chuckled and said they'd just have to sell some real estate to pay cash for it.

    From the ArticleEven if the enrollment does meet revised projections for 2015, enrollment will need to double to meet the 21 million projection for next year. Some analysts predict enrollment will jump as the full force of the mandate kicks in for 2016 (a penalty of $695 or 2.5 percent of income). However, price spikes in the marketplace (i.e. cost of insurance) could offset this incentive.

    LOL. Watch them raise that 2.5% to 17.5% in early 2016 to get more people to 'voluntarily' enroll. When the Mafia does that it's called racketeering.