Uninsured Individuals Are Not Signing Up For Obamacare

Uninsured Individuals Are Not Signing Up For Obamacare

According to a recent FoxNews article, a study conducted by McKinsey & Co. estimates, of the millions of Americans who have signed up for Obamacare, only approximately a quarter of them were previously uninsured, including those who were dumped from previous plans. These numbers indicate that the Obama Administration will continue to fall short of projected predictions of new ACA enrollees. As the numbers continue to decline, many Democratic Members of Congress are becoming increasingly worried about the impact of what is being called the death spiral.  A death spiral occurs when premiums rise due to the enrollment of a disproportionate number of sick people.  This rise in rates then, in turn, motivates the healthy individuals to drop their enrollments, the consequences of which cause the premiums to increase more, etc., etc.,.  The death spiral is certain to cause plan rates to skyrocket, leaving the middle class and poor unable to pay for their insurance plans.

Click here to read the full FoxNews article. 

 

 

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