Hot Air:
Or so says a new McKinsey survey of the numbers:
One of the principal flaws in the coverage of Obamacare’s exchange enrollment numbers to date has been that the press has not made distinctions between those who have “signed up” for Obamacare-based plans, and those who have actually paid for those plans and thereby achieved enrollment in health insurance. A new survey from McKinsey indicates that a large majority of people signing up are now paying for their coverage. This is progress for the health law. But the survey still indicates that three-fourths of enrollees were previously insured.
Of course we’ve seen the propaganda push from the White House that has claimed the numbers (8 million enrolled) mean that the law is working. As usual, the devil is in the details. If the law was designed to provide coverage to those who were uninsured, 25% of the total enrolled fitting that description is hardly indicative of that claim’s efficacy. And when you break down that 25% number, it’s even less indicative:
At most around 930,000 people have gained coverage from Obamacare’s under-26 “slacker mandate” (not 3 million, as is commonly suggested); another 3 million or so have gained coverage from the law’s expansion of Medicaid. Approximately 2.6 million previously uninsured individuals have obtained coverage through the ACA exchanges and the related off-exchange individual markets; however, the off-exchange purchases are mostly unsubsidized, and therefore can’t necessarily be credited to Obamacare.
Here’s a graphic that breaks the McKinsey survey’s results down into a more understandable form:
Now, what does ONE annual medical insurance policy cost?
Add in the deductible.
Times it by 41 million uninsured.
It still comes to LESS than what Obama wasted on setting up all the exchanges including the $474 million spent by Massachusetts, Oregon, Nevada and Maryland on their FAILED ObamaCare exchanges!
There is an estimate that O’care sent $4 TRILLION, 698 BILLION just on the federal and states’ exchanges.
That, divided by 41 million, is almost $12,000 per person.
If all the principle were placed in a trust, instead of paid to insurers, the interest alone could have supported most of our uninsured into perpetuity.
And that’s JUST the money wasted on exchange websites!!!
When the employer mandate kicks in and all hell breaks loose as the majority of Americans lose their health insurance and are forced into the socialist nightmare, I would hope more people will wonder why it was necessary to destroy the health insurance system that covered 85% of the population in order to cover the other 15%. Maybe enough people will finally recognize that obamacare socialism was never about healthcare, but was about the left grabbing increased control over all our lives.
Obamacare delenda est.