Internal documents received from within the Kentucky Health Benefits Exchange reveal thousands of policyholders of the state's public option ObamaCare insurer did not pay their March premium and face cancellation of their health insurance.
Information on any of the other companies' cancellations or for the public option's cancellations in other months have never been made available.
The Beshear administration has been extraordinarily tight-lipped about consumer defaults in the exchange plans and did not willingly provide this information. Nearly five thousand letters went out in recent days to policyholders of the Kentucky Health Cooperative, the cheapest plans in the state thanks to having received enormous federal subsidies.
Policyholders who do not get taxpayer subsidies for the purchase of health insurance have a thirty day grace period to catch up on missed March payments. Again, officials have refused to divulge cancellation figures. Policyholders who get taxpayer subsidies for health insurance get ninety days. Interestingly, non-subsidized policyholders who do not catch up payments lose coverage effective the last day through with they were paid up. But subsidized policyholders who do not catch up appear to get one month free coverage, with cancellation back-dated only two months.
You know who will wind up picking up the tab for any losses attributable to that little loophole, right?
