Tuesday, November 4, 2014

Fail: Majority of #Obamacare customers aren’t planning to purchase their coverage again in 2015

The deductibles are way too high. If the deductibles of $5000 or more will drive you into bankruptcy, what is the point of having insurance? 

Via Daily Caller:
A majority of last year’s Obamacare customers aren’t planning to purchase their coverage again in 2015, according to a Bankrate survey.
Fifty-one percent of respondents in a survey of last year’s Obamacare exchange customers don’t plan to purchase an exchange plan this year, according to a Bankrate Health Insurance Pulse survey out Monday. Those who earn less and receive higher premium subsidies were more likely to renew their plans. Fifty-three percent of those who earn less than $30,000 a year said they’d return to the exchanges, while just 35 percent of those making $75,000 or more expect to return.
Higher premiums are keeping most customers away. Forty-three percent said higher insurance rates are their biggest concern about buying Obamacare coverage again; just one in five said they’re most afraid of a repeat of last year’s website glitches and error messages.
Keep on reading

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