Friday, September 19, 2014

700,000 Obamacare Sign-ups Already Dropped Their Coverage

Obamacare administrator Marilyn Tavenner admitted that several months after the open enrollment period ended, the number of paying customers has dropped precipitously. - Daily Caller

By August 15, over 700,000 of the administration’s initial “sign-ups” had dropped their Obamacare coverage, Tavenner said in testimony to the House Oversight Committee. The administration has been advertising 8 million sign-ups since the first enrollment period ended in April.

Upon questioning, Tavenner had no details about the reason for the sharp drop, but presumably a large number of the sign-ups failed to ever pay their premiums, as many experts had predicted.

...The administration will kick another 115,000 customers off their coverage on September 30, after those ineligible customers have been receiving benefits, and possibly tax credits, for up to nine full months. That brings the total number of paying Obamacare customers down to less than 7.2 million at the end of the month....

“The system we have today is an incredibly easily-gamed system,” Rep. Issa said. “700,000 people got a free ride.”

Almost All Obamacare Enrollees Are Paying For Coverage - Huffington Post's perspective

◼ Plus, this Report: Obamacare To Cancel Health Plans For 250,000 Virginians - Daily Caller