Thousands of consumers who have signed up for a health plan through Healthcare.gov experienced significant errors that the government has not yet been able to fix. Approximately 22,000 people have filed appeals for errors they experienced during the enrollment process, reveals a government internal document, but the appeals have gone unanswered.
A cyber security expert has claimed that he was able to gain access to 70,000 personal records of ObamaCare enrollees in just four minutes, an announcement that is likely to be frightening to all those who have enrolled in the new healthcare program.
Insurers need predictability and certainty in order to perform their duties well. Neither are present under Obamacare, so Moody's downgraded them.