CBS’ Major Garrett reports how low Obamacare enrollment figures could impact the entire laws financial stability:
MAJOR GARRETT: Low enrollment figures even in the early stages could undermine the law's financial stability. Because if there are not enough consumers signing up there won't be enough premiums paid in to pay off insurance covered for those who are uninsured before. Also, we don't know the composition of those who’ve signed up for coverage. If in fact these people signed up now are older and sicker use more insurance and not younger and healthier, the system's stability could also be threatened.
All of this comes as Capitol Hill is looking very closely at the implementation of this law and these low enrollment figure, Charlie and Norah, could increase pressure among Senate Democrats for the White House to currently extend the six-month enrollment period. That’s something that the White House and Health and Human Services have been adamantly opposed to.
