Enrollment is up! Or not:
The nation’s third-largest health insurer had 720,000 people sign up for exchange coverage as of May 20, a spokesman confirmed to IBD. At the end of June, it had fewer than 600,000 paying customers. Aetna expects that to fall to “just over 500,000″ by the end of the year.
That would leave Aetna’s paid enrollment down as much as 30% from that May sign-up tally.
“I think we will see some attrition … We’re already seeing it. And we expect that to continue through the end of the year,” CEO Mark Bertolini said in a July 29 conference call.
The Administration and ♡bamaCare!!! apologists like to brag about those 8,000,000 or so new enrollees. That number becomes less impressive when you remember there were originally 45,000,000 in such desperate need of coverage that the Democrats mandated coverage and also subsidized the hell out of it — and still only managed to get private coverage to fewer than one out of six who lacked it.
That number becomes even less impressive when it shrinks by as much as 30%.
I suppose we can keep mandating and subsidizing stuff that people don’t want, but we can’t make them want it.