Obama Lies, Claims Enough People have Signed up to Make Obamacare Work

Wow, another LIE!

President Obama proudly claimed that enough people have enrolled for Obamacare to make the program stable. The only problem? It’s completely untrue.

 

The Hill reports:

 

“At this point, enough people are signing up that the Affordable Care Act is going to work,” Obama said in a WebMD interview. “The insurance companies will continue to offer these plans. We already have 4 million people, over 4 million people, signed up.”

 

The president said he expects “a larger number” still to be enrolled by March 31.

“The pool is already large enough, the number of people who have signed up is large enough; I’m confident the program will be stable,” Obama said.

 

Obama’s confidence in the program comes despite indications the administration will fall short of its initial enrollment targets.

 

The Congressional Budget Office (CBO) had originally projected that 7 million individuals would enroll in ObamaCare plans in the first year, although it backed away from those predictions after the early troubles with HealthCare.gov. The most recent CBO report projected that 6 million Americans would enroll, while the administration now declines to set a specific enrollment goal.

 

“The impact in terms of the program has always been more based on the mix of people who sign up,” Obama said in the WebMD interview, adding that insurers needed a mix of “gray-haired” enrollees like himself, as well as young, healthy consumers.

 

Of course, not only is Obamacare lagging tremendously on the number of people enrolling, but it’s also falling way short of what kind of people are enrolling.

 

President Obama is correct in saying that there needs to be a mix of people in the insurance pool. Young people need to sign up and pay more to offset the costs of procedures needed to care for the elderly or unhealthy.

 

In order to work, Obamacare’s insurance pool needs to consist of about 40% younger people ages 18-34. Right now, only about a quarter of Obamacare’s pool is in that age range.

 

Further, the Obama Administration set the goal of 7 million signed up by March 31st of this year; they then backed it down to 6 million. Now, they claim they have no goal to meet.

 

President Obama and his cohorts tout the supposed 4.2 million who have supposedly signed up, but HHS and the Obama Administration remains evasive on defining what, exactly, that number entails and how many of them are premium-paying enrollees. 

http://www.tpnn.com/2014/03/14/obama-lies-claims-enough-people-have-signed-up-to-make-obamacare-work/