Sunday, February 22, 2015

Obamacare's Sign-Up Game: Phony Numbers

Phony Numbers: The Obama administration says more than 11 million signed up for ObamaCare this year. Should anyone believe this number? Even if it's true, is it a sign of success? The answer to both is a resounding no.
In a staged video released on Tuesday, HHS Secretary Sylvia Burwell tells President Obama that 11.4 million had signed up through ObamaCare exchanges in its second year.
"The Affordable Care Act is working," Obama says. "It's working a little bit better than we anticipated."
He goes on to say how this number "gives you some sense of how hungry people were out there for affordable, accessible health insurance."
Actually, it doesn't show either of those things.
First, that 11.4 million number is just as bogus as the 8 million number Obama was extolling last year.
In both cases, the administration simply counted all those who picked plans, not those who have actually paid for insurance. When they finally produced an accurate count last year, the number was 6.7 million. If that same drop-off occurs this year, the real enrollment number will be more like 9.5 million.
That's about where the administration's lowered forecast put it, and significantly below the Congressional Budget Office's 13 million forecast.
So much for working "better than we anticipated."
Read the rest of the story HERE.

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