80% Failure

Say you had a company that sold a product every consumer was required to own. The first year you met or exceeded your sales goal, but then something happened.

80% of your customers failed to pay for their purchase.

Just 8,200, or 21 percent of individuals enrolled on Hawaii’s Obamacare exchange have paid for their health premiums this year, according to a report released this week.

The $205 million state exchange has failed to reach financial viability despite spending nearly $24,000 for each individual it enrolled in its first year of operations. The state needed at least 32,000 more enrollees, but this assumes that they actually pay their premiums. - ATR

$24,000 spent per enrollee.

80% fail to pay.

The net effect is, taxpayers spent close to $120,000 per NET enrollee.

Show of hands. Who says this is working?

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80% Failure

Reviewed by citra
Published : 2015-06-06T11:31:00-07:00
Rating : 4.5