Friday, April 4, 2014

Obamacare Shows America Suffers From A President Dangerously Disconnected From Reality!

Forbes ^ | April 4, 2014 | Peter Ferrara Contributor
The population of the U.S. is 314 million. On the day Obamacare was passed, the estimate of the uninsured was 60 million. So in this context, the supposed 7 million Americans signed up for insurance on the Obamacare Exchanges, even if that is a valid number, and all of those have actually started paying premiums, both of which are highly dubious, does not mean any significant success for Obamacare. That is especially so since at least 6 million Americans have lost their health insurance due to Obamacare, so far, with more to come once the illegally and arbitrarily delayed employer mandate becomes effective, if it is ever allowed to do so. The estimate based on a new Rand Corporation study is that only 858,000 Americans signed up on the Obamacare Exchanges were previously uninsured. That is barely a dent of just over 1% in the original number of uninsured, from the historic Obamacare program that was supposed to provide “universal” coverage. Yes, there are other sources of coverage under Obamacare. President Obama told us in his celebratory, hocus pocus, Obamacare address on April Fools’ Day that “more than 3 million young adults have gained insurance under this law by staying on their family’s plan.” But that number is a publicly documented fabrication...
(Excerpt) Read more at forbes.com ...

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