Friday, April 4, 2014

The Insurance-Salesman-In-Chief Makes His Numbers But Millions More Are Harmed

Forbes ^ | 04/04/2014 | Grace-Marie Turner,
President Obama is bragging that the administration has surpassed its target of 7 million people enrolled in the ObamaCare exchanges, but he isn’t talking about the millions of people who are being harmed so the insurance-salesman-in-chief could make his numbers. Millions of people have been driven into the ObamaCare exchanges and out of private coverage they liked. Most are facing higher premiums, higher co-payments, and sky-high deductibles. And Americans are footing the bill for the $2.6 trillion law that was supposed to get us to near-universal coverage and make health care more affordable but which will do neither. We learned yesterday that even the three television networks couldn’t tolerate the president’s dance in the end zone, denying a request that they air a victory speech in prime time. Since at least six million people lost their individual private plans – and the doctors and hospitals they liked – because of ObamaCare, the enrollment numbers are nothing to boast about. ~snip~ But, as we now know, as many as two-thirds of those buying coverage in the exchanges were driven out of their private plans because they didn’t comply with the mountain of ObamaCare mandates. Only about one-third of those enrolling in the exchanges were previously uninsured, based upon a yet-unpublished but reported study by the RAND Corporation. An estimated 86% of those enrolled in the exchanges who previously had insurance have paid their premiums. But the story is different for the remainder of enrollees who had been uninsured. Only about half of them are expected to pay their premium and therefore will be officially enrolled.
(Excerpt) Read more at forbes.com ...

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