Health insurers: Payment rates above 80 percent

Published on NewsOK Modified: May 7, 2014 at 4:14 pm •  Published: May 7, 2014
Advertisement
;

WASHINGTON (AP) — Top health insurance companies told members of Congress Wednesday that more than 80 percent of people who've signed up under the president's new health care law have gone on to pay their premiums — a necessary step for the enrollment figures touted by the Obama administration to hold up.

Aetna reported payment rates in "the low- to mid-80 percent range;" Wellpoint said the rate was as high as 90 percent for those whose premium had come due; the Blue Cross and Blue Shield Association said 80 to 85 percent; and the Health Care Service Corporation, which sells Blue Cross Blue Shield plans in five states, pegged the rate at 83 percent or above. The figures were in line with what individual insurers have said on earnings calls with analysts and elsewhere in recent weeks.

Democrats seized on the figures disclosed at a House hearing as the latest sign that the health care law has defied its critics and is working.

"By any rational, reasonable measure we can call this law a success," said Rep. Diana DeGette, D-Colo.

Republicans said plenty more questions remained — including whether rates will rise next year and by how much, and how many of those covered were previously uninsured.

"While the administration toasts the law's success with its Hollywood allies, declaring this conversation over, we will continue our pursuit for facts," said Rep. Fred Upton, R-Mich., chairman of the Energy and Commerce Committee.

The six insurance industry witnesses summoned by an investigations subcommittee of the Energy and Commerce Committee were unable to provide details on coming rate changes or how many people were previously uninsured, prompting frustration at times from Republicans who'd called the hearing.

"It is baffling that we can have some of our nation's largest insurers and you all don't have any internal analysis as to what these rates are," complained Rep. Marsha Blackburn, R-Tenn.