Larry Kocot Quoted in “ObamaCare Week 27: New Extension, 6M Enrollees”FOXBusiness March 28, 2014
Larry Kocot, a Member of the Firm in the Health Care and Life Sciences practice, in the Washington, DC, office, was quoted in an article titled "ObamaCare Week 27: New Extension, 6M Enrollees"
Following is an excerpt:
On Thursday, President Barack Obama announced on a conference call with health-care navigators that six million Americans have now selected plans on both state and federal exchanges. The White House had originally aimed to have 7 million people signed up on the exchanges in year one—2.7 million of which being young and healthy enrollees between the ages of 18 and 34. The non-partisan Congressional Budget Office, as well as the administration, curbed their initial projections in February down to 6 million. ?...
Larry Kocot, visiting fellow at the Brookings Institution, says the latest surge confirms expectations that people were waiting closer to the deadline to enroll. However, he fears many of these people have not yet paid their premiums. Typically, the insurance industry doesn't qualify a person as enrolled until that first payment is made.
"While we should be celebrating success here, we are far from mission accomplished," Kocot says. "We have to be careful about interpreting the numbers." ?...
Kocot agrees that HHS needs to set clear parameters of the extension.
"Without clear deadlines, plans could have difficulty with estimates for next year's premiums; also, late enrollments could make May 1 coverage administration difficult for providers."