Larry Kocot Quoted in “Why No One Knows Who Has Actually Paid for ObamaCare Insurance”FOXBusiness February 13, 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 "Why No One Knows Who Has Actually Paid for ObamaCare Insurance."
Following is an excerpt:
By all accounts, the enrollment numbers for the Affordable Care Act are improving. As of Wednesday, 3.3 million people had selected plans on either a state or the federal insurance market places, according to the Department of Health and Human Services.
But the administration's figures rely heavily on the word "selected." ?...
But as more people continue to sign up on the exchanges, the back-end technological issues will only be exacerbated, worries Larry Kocot, visiting scholar at the Brookings Institution. Aside from the payment mechanism, some insurers are receiving incorrect data on 834 forms, which are key because they provide enrollment information to the companies.
"If those issues are not resolved, and the government still hasn't figured out how to pay, this will only be made worse by higher enrollment numbers, and become more pronounced," he says. ?...
The trouble with releasing data as it comes in, is that it's only a snapshot in time, Kocot says. "This is a moving target, for many reasons. The insurers certainly know how many people have paid, and could gather the data, but it will be consistently incomplete."
As the enrollment period continues, Kocot is focusing on the payment numbers, how many enrollees previously had insurance and how many people will continue to pay their premium.