On October 12, 2023, Paragon President Brian Blase and the authors of “The Shortcomings of the ACA Exchanges: Far Less Enrollment at a Much Higher Cost,” Greg Fann and Daniel Cruz, were quoted and referenced in The Epoch Times article “Obamacare Enrollment Is Half of Initial Projections, Triple the Price.”
From the article:
President Joe Biden has boasted that enrollment in health insurance through the Affordable Care Act (ACA) is at record highs. But according to a report issued by Paragon Health Institute, the enrollment numbers alone don’t tell the whole story.
“Enrollment is way below expectations, and the average cost is three times what was projected,” Brian Blase, president of Paragon Health Institute, told The Epoch Times.
“The ACA is not working as intended.”
Experts say the Biden administration neglects to mention the expanded subsidies paid to insurance companies to keep those premiums low.
They say expanded subsidies and tax credits have increased the price that taxpayers are paying per enrollee.
“Enrollment is not really an effective measure,” Greg Fann, one of the study’s authors, told The Epoch Times.
“We should be looking at what the enrollment is relative to expectations. That’s not materialized.”
Mr. Fann is a consulting actuary at Axene Health Partners. He co-authored the study with Daniel Cruz, an actuary and co-founder of Presidio HealthCare.
A report from Paragon Health Institute, “Shortcomings of the ACA Exchanges: Far Less Enrollment at a Much Higher Cost,” outlines the issue and states that the expanded subsidies are set to expire in 2025.
