Real Financial Problems Now Hitting Obamacare

Real Financial Problems Now Hitting Obamacare

Approximately half of the Obamacare insurance marketplaces are now hitting financial problems – primarily caused by call centers that are too expensive to operate efficiently, technology that does not do what it was designed for and limited take-up numbers. Its officials now have no option but to look to state legislators for the financial assistance they need. Last year, the government passed a bill effectively stopping itself from intervening financially. In addition, as reported recently by Standard & Poor, only $1 exists in real money to cover every $10 in claims.

Therefore, at present, those insurance companies large enough to cope with such losses will be those required to cover the shortfalls of the smaller companies.

If you think that the first real victims of Obamacare will be the small insurance companies, please Like & Share this post.

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