When the White House ballyhooed their big 8 MILLION number, they wanted us to assume this meant 8 Million previously uninsured people were now covered. But that is not at all what has happened.
They’re counting as “enrolled” anyone who put a policy into an on-line shopping cart, NOT people who finished all the paperwork, were approved or PAID for the product.
Even worse, a May 7, 2014 report to the House Energy and Commerce Committee’s Subcommittee on Oversight and Investigations says there are a lot of duplicate enrollees in the system:
“Because of the challenges that surfaced with the launch of the Exchanges in October 2013, some consumers were advised to create a new account and enroll again. As a result, insurers have many duplicate enrollments in their system for which they never received any payment. … that data is still reported.”
The White House ballyhooed “success” because they’d achieved “8 Million enrollees” while their goal had been 7 Million. The 67% who have paid one premium amount to only 5.36 Million … that’s a long way from 7 Million.
Even worse, only 25-33% of that 5.36 Million were uninsured prior to Obamacare.
- IOW, between 1.4 and 1.8 Million were in the class of people Obamacare was supposedly going to save from dying on a lonely street corner.
- Meanwhile, a WHOPPING 4 Million were in the class of people who lost plans Obama promised they could keep.
In addition, only 25% of actual enrollees are in the key “young invincibles” demographic, well short of Team Obama’s goal of 39%. These people are necessary for the whole thing to work, because they pay in, but generally do not take out. So even IF these people keep up their premiums, the whole program is doomed. (We can hope.)
And let’s not forget that health insurance is like the utility bill. It only stays “on” for as long as you keep up your payments. Just because 5.36 Million have paid ONE premium does not mean they will be willing or able to keep on paying. And just like your electric and your heat and your internet access … you miss a payment and you’re cancelled.
Coming up next in the Obamacare debacle … MORE cancellation notices and huge premium increases are expected soon, particularly for consumers in the small group market. Personally, I think driving small businesses out of business was planned from the start. Leftocrats can’t rule the world with a vibrant, mouthy, freedom-loving, Bible-thumping, gun-toting MIDDLE CLASS in their way.
This fall, I’m voting for anyone who PROMISES to kill Obamacare dead, Dead, DEAD.