According to the Colorado Health Exchange’s own internal documents, the point at which Connect for Health Colorado would be viable, as of yesterday, was 136,300. That was a midline projection. Today, The Denver Post reported that the exchange had enrolled a paltry 118,000 private insurance members, which is 18,000 fewer than necessary to make the health insurance scheme self-sustaining. According to The Denver Post in November:
As federal startup grants taper off under Obamacare funding, the exchange is meant to pay for itself with per-member charges on the private insurance companies offering policies. It needs 136,300 enrollees in 2014 to raise $6.5 million of its $51.4 million expenses.
- Those who started their applications prior to the deadline but were unable to complete it will be given more time (until the exchange gets to 136,300, we presume).
- Patty Fontneau will personally stalk young, healthy people into signing up, as we reported earlier today.
- It’s actually next year that the exchange will be self-sustaining, not this year as promised and as forecast.