Thursday, April 3, 2014

Only 7.1 Million Signups Proves ObamaCare A Failure

First of all, the 7.1 million number is highly suspect.  While the Health and Human Services Secretary, Kathleen Sebelius, can't tell us, at the federal level, how many of that number have actually paid for the insurance they signed up for and, thus, are truly insured, a review of the state exchanges shows that only about 80% have paid for their policies.  If that's true, and it holds to be true at the federal level, that means that only about 5.7 million are truly signed up for ObamaCare.

To put that into perspective, 5.7 million is only about 1.7% of our population.  So, one has to wonder why we had this total upheaval of our health care system for the benefit of less than 2% of the population.

But, it looks even worse when you look at the total uninsured number. Two separate studies of ObamaCare signups were recently conducted: one by the Rand Corporation and the other by McKinsey & Company.  Rand found that only 1/3 of the enrollees previously had no insurance.  For McKinsey, it was 27%.  Now, if you split the difference of these two studies you get 30%.  This means that only 1.7 million of the 5.7 million number previously had no insurance.  What that is really telling us is that, of the 15.9% or 50 million who don't have health insurance, 48.3 million or 97% would prefer to pay the penalty rather than buy into ObamaCare.  Hardly a success story for a law that was primarily intended to solve the uninsured problem.

Then, there's this measure of the law's failure.  From the paragraph above, we can deduce the fact that about 4 million of those signing up previously had insurance.  Logically, some number of those millions voluntarily left their existing policies because they got federal subsidies and their cost for insurance was lowered.  But, what doesn't square with that number is the fact that more than 5 million lost insurance at the beginning of the year because of mandates of the healthcare law.  The conclusion being that ObamaCare is better at kicking people off their insurance than providing them an alternative once they've lost it.

It's important to note that the Obama Administration set the 7 million number as a measure of success; and, conveniently, they not only met that goal but slightly exceeded it.  This from an Administration that lied about keeping your doctor and your insurance.  They also said that delay "was not an option" yet, there have been numerous delays.

Obviously, people aren't "door busting" to saddle up with Obama's signature healthcare plan. With what we know -- along with so much that we don't know and should -- ObamaCare is not a success and it will only become less so going forward as more and more of the damaging portions are rolled out.  In my opinion, there should be as much outrage over Obama taking a Rose Garden victory lap for signing up 7.1 million people, as there was for George W. Bush giving his Iraq invasion speech with that infamous "Mission Accomplished" sign hanging behind him.  But, as usual, the media is just dutifully and lovingly joining in the celebration.


The ObamaCare Numbers Racket:

RAND: Only One-Third Of Obamacare Exchange Sign-Ups Were From The Previously Uninsured:

Gallup: Uninsured Americans:

Obama Celebrates 7.1 Million Enrolled in Obamacare:


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