EPIC FAIL: Only 365,000 Are Paying Customers of Obamacare of the 1.3 Million Who Signed Up … I Hear the Train Wreck a Coming, Its Coming Down the Tracks
From the Washington Post … Exactly how is Obamacare supposed to pay for itself when you have so few payees or so many more freebees?
No matter how the Obama administration and HHS Sec. Sebelius want to push back or spin this, the numbers are terrible. During her testimony yesterday in front of Congress she cited positive trends. Positive trends? Um, anything is better than zero. Sebelius announced that she had ordered an internal review at HHS into how the launch was so badly botched and how the agency can better manage big IT projects and contractors in the future. Hmm, so she announced a review of herself? Why doesn’t she check her email and meeting notes?
Woulda, Coulda, Shoulda … Sebelius says she would have done slower launch of HealthCare.gov
Just about 1.2 million people have gained health coverage through Obamacare, according to new federal data released Wednesday morning.
Approximately 365,000 of those people have purchased private insurance and 803,000 have been determined to be eligible for the public Medicaid program. These numbers count data from both October and November, and show an especially quick growth in HealthCare.gov enrollment. You can see it in this graph:
That’s the more positive frame. The more negative view is to look at these numbers in comparison to projections from before the health-care law’s launch. The White House had previously projected a half-million private insurance enrollments through the exchange in October and 1.2 million people through the end of November. Those numbers are just for private insurance, and exclude Medicaid. We’re now at the end of November, and still behind that target.
The evidence available so far suggests that enrollment will pick up even quicker this month in the lead-up to coverage starting Jan. 1. As many as 27,000 people signed up in a single day last week. Insurance shoppers don’t seem to be giving up — and we’ll see next month whether that means the administration can finally hit its projections.