CBO Revises ObamaCare Sign Up Estimates Downward: Enrollment Slowing To A Crawl In 2014, Adverse Selection Problems Ahead

CBO Revises ObamaCare Sign Up Estimates Downward: Enrollment Slowing To A Crawl In 2014, Adverse Selection Problems Ahead

So, the White House and their libertard allies continue to pump hard their inflated and overblown ObamaCare sign up numbers. Now, they have even more problems, since there is a very sharp downtrend in the numbers of enrollees since late January. Yes, indeed, folks, the March 31st enrollment deadline date is fast approaching. Should be interesting to see what creative spin our community organizer in chief uses to dress this one up!

We even have a writer (Jed Graham) from Investor’s Business Daily taking a look at some of the state level data and drawing some very logical conclusions about ObamaCare. Take a listen:

“With less than seven weeks of open enrollment to go, ObamaCare enrollment—and payments—have slowed to a near crawl in some states. Minnesota’s exchange enrollment goal of 67,000 seemed within reach on January 4, when sign ups stood at 25,860. But after surging by more than 4,000 per week in the prior five weeks, sign ups collapsed back to November’s pace of less than 700 per week. As of Feb. 1, Nevada had just 14,999 paid enrollees—vs the state’s March 31 goal of 115,00. Washington state, meanwhile, was slightly more than halfway to its goal of 340,000 sign ups—but only 88,071 had paid as of Feb 1…January data from New York, Colorado, Maryland, and Kentucky (easily accessible via acasignups.net) all suggest that the momentum which carried from December into January substantially faded in the second half of the month.”

Poor Obama and his tried and true troubadours. How is the Regime ever going to explain this? Graham also takes a closer look at Minnesota. He shows that only 21 percent of sign ups were in the key 18-34 demographic. Of course, 35 percent of the sign ups were between the ages of 55-64. Plus, a full 29 percent of people have chosen the richest low-deductible platinum plans, which reimburse up to 90 percent of the qualifying expenses. It was projected that only 5 percent of people would choose these options.

Uh oh…do we smell another adverse selection problem? Indeed, if not enough young, healthy people are signing up and a large number of people are looking to seriously minimize out of pocket expenses, then the Regime has two big selection problems on their hands. The rate of young Minnesotans is about half of what the White House originally stated was needed for the 18-34 age group, which is roughly equivalent with the national numbers Humana has also released. The high number of platinum plans may mean that the insurance companies will need to adjust rates higher in coming years and demand a larger ‘bailout,’ something the public is likely to balk at.

Due to all of these factors, the CBO has issued a downward revision of likely first year enrollees by more than one million. Add to this the fact that the payment rate of those who have signed up is pathetically low in many cases and you have added concerns for the Regime. Washington state has a payment rate of 50 percent, Nevada is at 66 percent. Both states, by the way, are far off the pace needed to hit their 2014 targets.

So, what do YOU think? Is the administration going to have even more ObamaCare problems due to these numbers? How do you think they will try to spin all of this? Will it work or are the voters going to hold the Democrats accountable for all this during the mid-term elections? And in 2016?

8 thoughts on “CBO Revises ObamaCare Sign Up Estimates Downward: Enrollment Slowing To A Crawl In 2014, Adverse Selection Problems Ahead

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