Expensive call centers, wayward technology and tepid numbers in registrations mean that nearly half of the 17 Obamacare insurance marketplaces are now financially struggling. Only 5 years after the Affordable Care Act was passed, officials are looking to state lawmakers for financial assistance, as the government passed a bill last year legally stopping itself from making up the difference.
Furthermore, Standard & Poor report there is only $1 in real funds to cover every $10 in claims. At the moment, insurance companies making a profit will be those required to make up the shortfalls of others.
If you believe smaller insurance companies will end up victims of Obamacare, please Like & Share this post.
Recommended for you: Gold IRA Rollover Guide and Silver Investments.
Categories:
US Government Waste