That post also lists the initial Obama Care post in each series we have done over the past seven months or so. Yes, every month for seven months we have had to dedicate upwards of six posts a month just to document and analyze the total badness of Obama Care.
- Since about five million Americans have already lost their current and preferred health insurance plans because of the legislation, getting 3.3 million Americans to sign up for Obama Care private company insurance policies via Obama Care exchanges still leaves the country with an incremental 1.7 million people or so newly uninsured.
- While the five million Americans who have lost their current insurance coverage have actually lost it, the 3.3 million Obama Care people may or may not have actually signed up for actual insurance. The 3.3 million number represents the number of people who have chosen a plan, it does not represent the number that have actually completed the transaction to get insurance by sending in money to the insurance companies.
- The Obama administration claims that it does not know how many people have actually purchased insurance, just the number that have selected a plan, another indictment of a horribly implemented and designed information systems process. Could you imagine a company like Amazon telling its shareholders that it knows how many items were put in customers’ online shopping carts but it does not know how many actually went through the check out and purchase process?
- The administration had initially proclaimed that it would get seven million real people enrolled in real Obama Care insurance programs by March 31, 2014. At the current rate, four months into the six month signup process, that seven million target is a long way off and highly unlikely to be attained, especially since interest in the whole process seems to be waning: according to HHS, 1.15 million people went Obama Care health insurance policy shopping in January, compared with 1.8 million who browsed a health exchange in December of 2013.
- That difference is a drop-off of more than 600,000 shoppers, especially distressing since December is a very busy month for most Americans with the holiday preparation taking up a lot of time and interest. If anything, one would have expected interest to gain momentum in January once the holidays were over.
- A large number of those that have signed up for health insurance via Obama Care procedures have not gotten private market insurance policies but have been signed up for health insurance coverage via Medicaid. While it is great that these Americans are getting some health care attention, they contribute nothing to the Obama Care financial viability, further placing this legislation in the major economic loser category.
- Only 1 to 2 million of the 6.3 million who signed up for Medicaid were pure new enrollees brought into the program by Obama Care.
- The remainder were people who were already eligible for Medicaid coverage and would have and could have signed up for Medicaid irrespective of Obama Care.
- In addition, there were a bunch of other people who were already on Medicaid but were renewing their status but were still counted in the 6.3 million.
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