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So I was speaking with a carrier contact yesterday and it was mentioned that the stick ratio for on exchange based plans was bad and I mean really, really, really bad. So with the data I was provided I ran some numbers and here's what I found.
Per ObamaCare Facts 11.7 million million signed up in 2015 for health plans. Per the carrier I was speaking with (Not our numbers) there is a 60% stick ratio.
Long and short 4,680,000 of the 11,700,000 fell off the books for one reason or another. Leaving only 7,020,000 still covered. Clearly not a sustainable result.
In my experience I've seen that the primary fall off reason was due to verification info being needed and not being received either by upload or via mail to London KY.
What has your experience been?
Per ObamaCare Facts 11.7 million million signed up in 2015 for health plans. Per the carrier I was speaking with (Not our numbers) there is a 60% stick ratio.
Long and short 4,680,000 of the 11,700,000 fell off the books for one reason or another. Leaving only 7,020,000 still covered. Clearly not a sustainable result.
In my experience I've seen that the primary fall off reason was due to verification info being needed and not being received either by upload or via mail to London KY.
What has your experience been?