Approximately half of the Obamacare insurance marketplaces are now hitting financial problems – primarily caused by call centers that are too expensive to operate efficiently, technology that does not do what it was designed for and limited take-up numbers. Its officials now have no option but to look to state legislators for the financial assistance they need. Last year, the government passed a bill effectively stopping itself from intervening financially. In addition, as reported recently by Standard & Poor, only $1 exists in real money to cover every $10 in claims.
Therefore, at present, those insurance companies large enough to cope with such losses will be those required to cover the shortfalls of the smaller companies.
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