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About Those Obamacare Signups …




Avik Roy’s blog on ForbesThe Apothecary – is a great source for reliable information on America’s health care entitlements (including Obamacare). If you’re looking to cut through the mainstream media/ partisan spin and get the real data on how socialized medicine is being implemented in this country – Roy’s blog has you “covered.”

For example, last week Roy posted recently released data from the RAND Corporation – data which shows Obamacare’s exchanges have only enrolled 1.4 million previously uninsured Americans (well below the 7.1 million figure touted by the administration).

“If you assume that 80 percent of signer-uppers will eventually pay their premiums, the true number of previously uninsured exchange enrollees is likely closer to 2 million,” Roy writes. “That’s far from what the Congressional Budget Office has projected; the CBO estimated that 80 to 90 percent of the first-year enrollees would come from the previously uninsured population. Instead, it appears to be more like 24 to 36 percent.”

Translation? Once again Obamacare is (surprise, surprise) not doing what we were told it would do …

The RAND survey comes on the heels of fresh data attesting to the rising price of health care coverage in America.

According to a recent Morgan Stanley survey of insurance brokers, the average premium hike for customers who are renewing their plans is 12 percent in the individual group and 11 percent in the small market group. And those hikes come on top of fourth quarter 2013 increases of nine percent in the individual group and six percent in the small market group.

“In an Obama administration, we’ll lower premiums by up to $2,500 for a typical family per year,” then-U.S. Senator Obama said during a June 2008 campaign swing through Virginia. “We won’t do all this twenty years from now, or ten years from now. We’ll do it by the end of my first term as President of the United States.”

Of course when Obama’s first term drew to a close last January, premiums for the average family with an employer-provided plan had actually increased by $2,400, according to the Kaiser Family Foundation.