Major Insurer: More Obamacare Sign-Ups Than We Expected
Source: TPM
A major health insurance company reported Wednesday that its Obamacare sign-ups were higher than its projections, some of the first concrete evidence that the health care reform law is working from the industry's perspective.
Joseph Swedish, CEO of WellPoint, told investors that the company had received 500,000 applications through HealthCare.gov and its state-operated counterparts. He said the number was "ahead of our most recent projections." He added that applications had spiked in December and the company expects another surge before the March 31 deadline to enroll in coverage for 2014.
We do feel good about what weve seen thus far on the exchanges, Swedish said on the call. While it is early, we are encouraged by the level of applications weve received."
The majority of those applicants were not previously enrolled with WellPoint, Swedish said, though it wasn't clear whether they were previously uninsured or insured by another company.
Read more: http://talkingpointsmemo.com/livewire/wellpoint-obamacare-sign-ups
Stuart G
(38,414 posts)Fantastic Anarchist
(7,309 posts)ConservativeDemocrat
(2,720 posts)People all over the country are getting insurance at a price they can afford, while insurance companies who deliver more value are getting more customers because they don't have to compete with other insurance companies using (not illegal) tactics to give better profits.
- C.D. Proud Member of the Reality Based Community
Tarheel_Dem
(31,229 posts)Sunlei
(22,651 posts)WellPoint
Health care company
WellPoint, Inc. is the largest managed health care, for-profit company in the Blue Cross and Blue Shield Association. Wikipedia
Stock price: WLP (NYSE)$88.87+3.50 (+4.10%)
Jan 30, 12:54 PM EST - Disclaimer
CEO: Joseph R. Swedish
I wish the USA could cut out these middlemen from our healthcare system.