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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