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Friday, January 03, 2014

ObamaCare: Coverage Killer

OBAMACARE MEANS NET LOSS OF POLICIES - ObamaCare seems to have been an insurance killer so far. More than 5 million policies were nixed under the law’s new regulations. Announcing that just over 2 million people are potential paying customers is a rather stunning admission of defeat. Some of the millions may have landed on employer-based insurance and others may have become eligible under the expanded Medicaid program, but there are evidently many people who do not have coverage today because of the law.

[Deadline: ObamaCare enrollees have until Jan. 10 to pay premiums for coverage retroactive to Jan. 1.]

WHITE HOUSE NOT SAYING HOW MANY ENROLLED - Democrats are talking big numbers: 2.1 million applicants for ObamaCare and millions more new enrollees in the welfare program that provides free coverage to the poor, Medicaid. But the Obama administration has so far refused to disclose the number that matters: The number of people who actually have obtained insurance under the law. AP reports, “Insurers say they are receiving thousands of erroneous sign-up applications from the government, and some people who thought they had enrolled for coverage have not received confirmation. Undoubtedly, some will find out they don’t have the immediate coverage they thought they did.” A recent WSJ report revealed only half of enrollees had made their first months payment. The government is touting nearly 4 million who have been “deemed eligible” for welfare benefits, but, again, that’s not the same as enrollments. The silence so far on the real numbers is reminiscent of the quiet that fell over the administration after the enrollment period began on Oct. 1. Do they not know? Scary. Do they not want to say? Scarier.

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