Will Obamacare Hit 7 Million Signups? Will It Matter?

And, if so, will Kathleen Sebelius re-change her mind about 7 million being important? Better yet, will they pay?

(Fox News) On the last day to sign up for ObamaCare, the health care overhaul was reportedly on track to sign up more than 7 million Americans for insurance coverage, though the number of enrollees who have paid for their insurance premiums is still unclear.

Government officials confirmed the 7 million target to The Associated Press late Monday, speaking on condition of anonymity because they were not authorized to discuss the matter ahead of an official announcement.

Ms. Sebelius stated that, according to insurers, something like 10-20% haven’t made their first premium payment yet. And insurers and medical facilities are expected to eat the costs for a couple months until they can successfully dump the people.

Yet the bigger question is perhaps whether the law has indeed helped insure at least some of the estimated 48 million Americans who previously did not have insurance or couldn’t get it because of a pre-existing condition.

The most recent finding by the often-cited McKinsey & Company shows 27 percent of enrollees were previously uninsured and that roughly 75 percent of those who signed up for private insurance under ObamaCare have paid their premiums.

Good question: the idea was to insure the, depending on the day, 30-45 million Americans without health insurance. Yet, the majority are people who were the recipients of Obama’s lie of the year, “If you like you plan, you can keep your plan.”

(Forbes) If you apply that math to the RAND figures, you get this: of the people who have paid their first month’s premium on the Obamacare exchanges, and are thereby enrolled in coverage, 76 percent were previously insured, and 24 percent were previously uninsured.

In essence, this will be a break even proposition regarding those who lost their plans. And the uninsured will still be uninsured. Of course, a goodly chunk of those who did get Obamacare insurance might as well still be uninsured, since there is an average Bronze plan deductible of $5,081. Here’s Marc A. Theissen at The Washington Post

Recall that between 5 million and 6 million Americans lost their health plans because of Obamacare last fall. If the administration now succeeds in signing up 5 million to 6 million previously insured Americans, it will have achieved . . . nothing. Breaking even is no great accomplishment.

And let’s not forget: Many of those new Obamacare sign-ups are self-sufficient people who were previously paying their own way and now receive government subsidies for insurance. Creating government dependency is not progress — it’s a step backward.

A $2 trillion price-tag over 10 years, all for virtually zero movement in the uninsured. All while damaging the economy, decreasing work hours, reduced hiring, reduced take-home pay, more people shifted to part time hours, companies holding on to their cash due to the massive uncertainty created by Obamacare, burdensome regulation after burdensome regulation, a virtual federal takeover of the student loan industry (yes, that was part of Ocare), increased taxes, increased consumer costs….we could keep going and going, but, at the end of the day, the CBO predicts that there will still be 30 million uninsured.

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7 Responses to “Will Obamacare Hit 7 Million Signups? Will It Matter?”

  1. Jeffery says:

    Bummer… 49% now favor the ACA. Conservatives have lost this round. The ACA will succeed, will be refined, and will nestle itself inside our culture. 7 million new, millions more staying on parents policies until age 26, millions more on Medicaid. No one excluded from healthcare insurance for being sick, no one kicked off for being sick, no lifetime limits for being sick, improved prevention and the overall cost of healthcare will continue to slow (as it has the past few years), reducing the deficit.

    You can sit around and whine or you can stand up and help.

    Republicans and conservatives can’t stand the idea of the working poor and the impoverished gaining even a modicum of economic equality. Republicans have no alternative except to cut taxes on the wealthy.

  2. Nighthawk says:

    Spin all you want Jeffy but the fact is that out of the at least 30 million that were uninsured, only, maybe 7 million have enrolled. Even if every enrollment was by a previously uninsured person that is far from a success story. Actually, very pitiful.

    Your BS about conservatives not caring about the poor is just repeating the leftist mantra without a shred of proof. We do care about the poor and will help when needed. We have no problem giving and helping. Remember the saying: “Give a man a fish and he eats for a day. Teach a man to fish and he eats for the rest of his life.” We have no problem giving the fish while they learn how to catch their own, but at some point they have to get off their dead ass and start fishing for themselves. It’s when they refuse to do this we have a problem.

  3. Dave says:

    Oh and exaggeration of the right ….how 47% of us are just takers …..is not a mantra….maybe if you educated yourselves you would discover that most of us are hard workin stiffs like u and can’t afford healthcare because of the low wages we get paid in our Right to Work state where employers don’t offer much benefits….a a single parent friend just spent 2 days in hospital, got a $30,000 bill….has no insurance….works at that same hospital and can’t afford private insurance…not even the $320 a mo with Obamacare cause her Right to Work state did not expand Medicaid and she is between the cracks…..well guess who will still be paying for her bill….us! And she is trying to pull herself up with more education in nursing field….but that cost too….so maybe we could help, right!

  4. gitarcarver says:

    well guess who will still be paying for her bill

    And who do you think is paying the bill now?

    So whether the person had no insurance prior to ObamaCare or has subsidized / free insurance health care under ObamaCare, who do you think are paying the bills?

  5. david7134 says:

    dave,
    That is a good effort at trying to work up pity. Right to work states are that way as the people that live in them do not want the Unions and their corruption. If you don’t earn enough money, get a better job. That is what everyone does, why do we have to change everything as you can not seem to get with the program. And yes, 47% of Americans are not only bums they are dumb as hell. Just like you and Jeff.

  6. Jeffery says:

    david,

    Not everyone is blessed with your incredible intellect, writing and social skills; so it’s not as easy to just find a better paying job. In fact, some people can’t find a job at all! We dumb bums in the 47% just appreciate whatever help Brahmins such as yourself can spare.

    I missed the description of your hypothesis that global warming is caused by the Earth being closer to the Sun. Could you direct me to it?

  7. david7134 says:

    Jeff,
    I thought you were one of the 1%. What happened. And I really don’t care about your needs as you clearly don’t care about mine. That is why government is supposed to stay out of our lives.

  8. david7134 says:

    Jeff,
    I thought you were one of the 1%. What happened. And I really don’t care about your needs as you clearly don’t care about mine. That is why government is supposed to stay out of our lives.

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