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Monday, November 11, 2013

Meltdown: Obamacare’s State-Run Exchanges Reach Only 3% of Their Goal

Earlier today, theWall Street Journalannounced that fewer than 50,000 people have enrolled for Obamacare. This is simply abysmal, and likely means thatObamacare is headed off a fiscal cliff — likely about to collapse under its own weight.
Now, there’s even worse news forObamacare. The state run exchanges seem to be doing just as bad, achieving only 3% of their goal forenrollment by the time the mandate actually kicks in. Altogether, only 49,000 have actually signed up at all.
For context, this is like one town signing up… out of the entire country of 313,000,000. It’s a colossal failure. Reuters reports, H/T to WZ:
President Barack Obama’s healthcare reform has reached only about 3 percent of its enrollment target for 2014 in 12 U.S. states where new online health insurance marketplaces are mostly working smoothly, a report released on Monday said.
States with functioning exchanges have signed up 49,100 people compared with the 1.4 million people expected to be enrolled for 2014, according to thereport by healthcare research and consultancy firm Avalere Health.
With enrollment in the federal HealthCare.gov website serving 36 states stalled by technical failures, the weak sign-ups for functioning insurance exchanges could be due to the administration’s difficulty to promote the program as a success, Avalere said.
The government is due to release national enrollment figures for the month of October this week. Open enrollment ends March 31, 2014.
Supporters of Obamacare and health insurers fear that scant participation in the private insurance exchanges will prevent them from becoming a sustainable new individual market, including the right mix of young and healthy members to offset coverage for older, sick people.
In the end, Obamacare will fail. Our response should be its full repeal when it becomes obvious that it has failed — and firing every single person who supported the final bill.

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