Author Topic: Obamacare death spiral is underway says study  (Read 212 times)

0 Members and 1 Guest are viewing this topic.

Offline rangerrebew

  • America defending Veteran
  • TBR Contributor
  • Hero Member
  • *****
  • Posts: 61,220
  • “It’s easier to fool people than to convince them
Obamacare death spiral is underway says study
« on: January 15, 2014, 01:42:59 AM »
Obamacare death spiral is underway, says study     

Obamacare death spiral is underway, says study

3:00 PM 01/13/2014

Neil Munro
White House Correspondent


Obamacare’s secret numbers are leaking out, and they’re looking very red.

Seven states and the District of Columbia have released age data, showing that only one-in-five, or 22 percent, of their new signs-ups are the much-desired, profit-generating younger people, dubbed “young invincibles,” according to a calculation by Reuters.

That 22 percent is barely half the 38 percent target sought by the administration.


Without enough young healthy people paying extra dollars into the system, the nation’s insurance companies will bleed red as they pay for the many older and sicker people who have rushed to sign up for the government-directed insurance.

In turn, the companies will ask the White House for a huge financial bailout, which will likely be unpopular, especially among likely voters.

The companies will also be under intense pressure to spike their requests for 2015 price increases during the 2014 summer.

Either eventuality will drop a political anvil on Democrats and President Barack Obama in the run-up to the 2014 midterm elections.

But the bailout may not be as expensive as feared because fewer than expected people have signed up for Obamacare.

 
By the end of December, only 2.1 million people had signed up for the government network, far below the December target of 3 million. Administration officials hope to sign seven million people up by the end of March.

Administration officials claim that six million people have enrolled in Obamacare, but that claim includes four million people who were notified they are eligible for Medicare. But those notifications include many eligible people who could have signed up for Medicare even without the Medicare expansion included in Obamacare in 2010.

The number of Obamacare-enabled signups for Medicare may be as few as 380,000, according to a recent analysis by RealClearPolitics. ”As more people utilize the exchanges, we’ll see increasing numbers of “Obamacare Recipients” entering the system … for right now, the ’4 million enrollees’ number looks like a significant exaggeration,” said the RCP report.

Follow Neil on Twitter


Read more: http://dailycaller.com/2014/01/13/obamacare-death-spiral-is-underway-says-study/#ixzz2qRlUVMfb
« Last Edit: January 15, 2014, 11:59:18 AM by Oceander »
Abraham Lincoln:

There is no grievance that is a fit object of redress by mob law.
--January 27, 1838 Lyceum Address

Don't interfere with anything in the Constitution. That must be maintained, for it is the only safeguard of our liberties. And not to Democrats alone do I make this appeal, but to all who love these
great and true principles.
--August 27, 1856 Speech at Kalamazoo, Michigan

Let us then turn this government back into the channel in which the framers of the Constitution originally placed it.
--July 10, 1858 Speech at Chicago

Offline olde north church

  • Hero Member
  • ****
  • Posts: 5,136
Re: Obamacare death spiral is underway says study
« Reply #1 on: January 15, 2014, 07:20:06 AM »
that's not what I heard, possibly on The Five, they have passed some sort of enrollment threshold or another.  was it ever doubted they would?
Why?  Well, because I'm a bastard, that's why.

Offline rangerrebew

  • America defending Veteran
  • TBR Contributor
  • Hero Member
  • *****
  • Posts: 61,220
  • “It’s easier to fool people than to convince them
Re: Obamacare death spiral is underway says study
« Reply #2 on: January 15, 2014, 07:44:42 AM »
they have passed some sort of enrollment threshold or another.  was it ever doubted they would?

I'm sure they have passed it - at least for the news. :whistle:  Something like 3/4 of the people who have signed up for Obamacare are people who will get government subsidies or are with pre-existing conditions which means they are in a deeper whole than they would like to admit. :thud:  If they were doing well, there would be no talk of bailing out the insurance companies.
Abraham Lincoln:

There is no grievance that is a fit object of redress by mob law.
--January 27, 1838 Lyceum Address

Don't interfere with anything in the Constitution. That must be maintained, for it is the only safeguard of our liberties. And not to Democrats alone do I make this appeal, but to all who love these
great and true principles.
--August 27, 1856 Speech at Kalamazoo, Michigan

Let us then turn this government back into the channel in which the framers of the Constitution originally placed it.
--July 10, 1858 Speech at Chicago

Offline olde north church

  • Hero Member
  • ****
  • Posts: 5,136
Re: Obamacare death spiral is underway says study
« Reply #3 on: January 15, 2014, 09:07:25 AM »
I'm sure they have passed it - at least for the news. :whistle:  Something like 3/4 of the people who have signed up for Obamacare are people who will get government subsidies or are with pre-existing conditions which means they are in a deeper whole than they would like to admit. :thud:  If they were doing well, there would be no talk of bailing out the insurance companies.

I think some of the talk about bailing out the insurance companies has to do with Krauthammer's recommendation the Republicans pass a "No Bailout" bill in Congress.  They don't fear Boehner.  They fear Krauthammer.
Why?  Well, because I'm a bastard, that's why.


Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo
Smf