House Committee Obtains Accurate ObamaCare Enrollment Figures that HHS says aren’t available
Godfather Politics – Dave Jolly – 5/3/2014
“On April 17, 2014, President Obama declared the success of his law, claiming that 8 million Americans had signed up for health insurance, but data from the insurance providers reveals that the president’s figure is largely misleading. As of April 15, 2014, insurers informed the committee that only 2.45 million had paid their first month’s premium for coverage obtained through the federally facilitated marketplace. While the administration has relied on questionable nationwide figures to boast the law’s success, the state-by-state breakdown compiled by the committee underscores the serious problems facing some states.”
The insurance companies reported that only 2.45 million people have actually paid their first month’s payment for the policies they purchased through the federal exchange. Add that to the various state exchanges and the figure comes to around 5.36 million that have successfully paid for their policies, which is 2.64 million short of Obama’s reported 8 million enrollees.
The results obtained by the House committee revealed the following breakdown of the successfully paying Obamacare policy purchasers:
“Nationwide (as of April 15, 2014), 67 percent of people had completed enrollment and paid their first month’s premium and 33 percent had not. Of those who had paid their first month’s premium:
Under 18: six percent;
Ages 18 to 25: 10 percent;
26 to 34: 15 percent;
35 to 44: 16 percent;
45 to 54: 23 percent;
55 to 64: 29 percent;
65 and older: 1 percent.”
If this breakdown holds true, by this time next year, the insurance industry will be in dire straits. They will be forced to increase the costs for healthcare policies which will lead many Americans to cancel because they will no longer be able to afford the high prices. The insurance industry will also be forced to turn to the federal government for a multi-billion dollar bail out, just like what happened to the auto and banking industries several years ago. And guess who ultimately pays for the multi-billion dollar bailout? Yep, you and me.
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