Latest Update on Obamacare: The goal was to cover 45 million uninsured Americans. That was the justification for all the chaos and disruption Americans have experienced — and that is the standard by which the administration should be judged. So how is it doing? We don’t know yet, but the signs are not good. A March survey by McKinsey & Co. found that only 27 percent of consumers who had purchased new coverage in the individual insurance market in February were previously uninsured — up from 11 percent in January. But McKinsey also found that the payment rate for the previously uninsured was just 53 percent, compared with 86 percent for the previously insured. We don’t know how many of those policies were purchased through Obamacare, but remember: Those who sign up and do not pay are not actually enrolled. Goldman Sachs is projecting that only 1 million Obamacare sign-ups will come from previously uninsured Americans. Indeed, ......1 Million...not 45 million. It also estimates that the number of total signups will be just 4 million — not 6 million, as the administration claims — because... “HHS figures??? count all persons who selected an ACA exchange plan regardless of whether or not they have actually completed the enrollment process by paying their premium.” - SMH This is crazy talk in the real world! Judging success on intent? Try passing that through a real Board of Directors and shareholders! When you subtract the 6.5 Million people who lost their insurance because of Obamacare and your net is a negative number. Goldman Sachs also anticipates that fully 75 percent of all the Obamacare sign-ups will be from people who already had insurance. Remember the original intent was to cover the 45 million people who had no insurance???? After all the chaos, new taxes and penalties how do we now 47 million uninsured instead of 45 million? What Happened?????....This law is a disaster and should never have passed as law but for this President and his willing Liberal accomplices.... End of Rant
Posted on: Mon, 31 Mar 2014 21:30:53 +0000
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