ObamaCare 2017: Number of Enrollments Plummets
Humana Health care plans dropped from 404,000 to 152,000 as the company is amid a legal battle against its proposed merger with Aetna, one of the biggest insurance giants in America. Humana also lost a huge amount of funds during its participation in the Affordable Care Act's marketplaces. Now, they have lost 70 percent of their clients in the just the first month of the year.
Obamacare customers under Humana health care plans have plunged by 70 percent after turmoils in the organization. Earlier in 2016, Humana offered several health coverages to their customer through Obamacare in 15 states. This 2017, they are announcing that they will be starting to limit their health coverage to 11 states only, as reported by Daily Caller.
If customers are to be covered by insurers under the Obamacare program, there is a risk of corridor payments. This, in effect, would redistribute the earnings towards the profitable insurers and not solely to the insuring health care provider. This is the most common case especially to those who are especially sick. These people are the ones that are very expensive to ensure but is mostly the customer base of such health care providers.
In 2015 alone, it was discovered that no insurers manage to acquire enough earnings to recoup their losses, leading to the situation Human had to face in 2016 as well as at present.
Meanwhile, CNBC reports that fewer people are selecting a health plan that is government-run. Federal health officials say that there is only around 11.1 million enrolled in Obamacare insurance plans as of March 2016, and this number is already 1.6 million fewer than the number recorded this February.
The plunge is somehow already expected according to research and is caused by the delay of payments to members who failed to pay their first month's premium payments. This also raises queries on the potentials and the significant growth or continuous drop in enrolment via the Obamacare in the coming years.