Newly released records have shown that most of the signups for insurance coverage are over that age. Among all of the 2.2 million people who have purchased insurance on the federal and state exchanges as per the requirements of the health care reform during the last three months, over half are in the age group of 45 years or older. Should this health insurance enrollment trend continue, it could throw the figures off the predictions. The health care reform forecasts were based on a much larger participation from individuals in…
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Health insurance plans purchased by over one million Americans
According to Obama, much of this figure came from the over 500,000 who signed up on the federal site this month. According to a statement made by President Barack Obama, over one million people have now purchased their health insurance plans on the exchanges across the country, with over half of that number coming from the federal HealthCare.gov website, throughout the month of December. Despite a very rocky start, it does look as though enrollment has considerably picked up. The president revealed hints at these figures that had been tightly…
Read MoreHealth insurance problems could cause coverage shortfalls
Glitches may mean that certain insurance policies will not become active as scheduled The U.S. Centers for Medicare and Medicaid Services has announced that many people that have signed up for health insurance coverage through the federal HealthCare.gov portal may not actually be covered when the New Year starts. People throughout the U.S. have been trying to sign up for coverage through the federal insurance exchange but have been unable to due to technical problems. While the federal government is busy working to resolve these issues, those that did manage…
Read MoreHealth insurance exchange website transactions failed one out of ten times
Before the repairs, even when the site was “working”, it was recording only nine tenths of enrollments Though the Obama administration must have sighed a bit of relief when the federal health insurance exchange website was repaired in time for the start of this month, it has now been revealed that the website had not been properly transmitting about 10 percent of all coverage applications. A spokesperson for the government revealed that site users were let down more than previously believed. At the end of November, the White House brought…
Read MoreHealth insurance trust formed in Indiana
Access to federal exchange has been restricted Federal health insurance exchanges in the U.S. were meant to offer coverage options for small groups and businesses, but this feature of the exchange initiative has been put on hold until 2015, at the earliest. The decision to postpone this aspect of federal exchanges is meant to provide the exchange network with more time to iron out the multitude of technical problems it has been having over the past month. The problem, however, is that this means many small groups and businesses that…
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