Despite the Department of Health and Human Services giving people who were "standing in line" for Obamacare on Healthcare.gov an extended enrollment period to sign up for plans, the number of people actually paying for health insurance through the exchanges has significantly dropped, not increased. More from Business Insider:
The nation's third-largest health insurer had 720,000 people sign up for exchange coverage as of May 20, a spokesman confirmed to IBD. At the end of June, it had fewer than 600,000 paying customers. Aetna expects that to fall to "just over 500,000" by the end of the year.
That would leave Aetna's paid enrollment down as much as 30% from that May sign-up tally.
"I think we will see some attrition ... We're already seeing it. And we expect that to continue through the end of the year," CEO Mark Bertolini said in a July.
Remember back in the spring when the Obama administration said they wouldn't be releasing new enrollment numbers until next year? This is why.
Obamacare: It's totally working, people.
|Katie Pavlich is the News Editor at Townhall.com. Follow her on Twitter @katiepavlich. She is a New York Times Best Selling author. Her new book Assault and Flattery: The Truth About the Left and Their War on Women, will be published on July 8, 2014.|
“Mamas, don’t let your babies grow up to be brainwashed government dependents. Buy this book!" says Michelle Malkin.
"This is a thorough and gutsy book that should help set history straight." - Mark Levin
Buy Katie's book today and help us keep the pressure on the Left.
Author Photo credit: Jensen Sutta Photography
The Alberta Example: Spending Caps Are the Way to Prevent Unsustainable Fiscal Binges During Growth Years | Daniel J. Mitchell
Chicago's Fiscal Freefall: Moody's Cuts Chicago Credit Rating to Two Steps Above Junk | Mike Shedlock