Posted on 04/21/2014 9:11:25 AM PDT by Hoodat
From the first Morning Jolt of the week:
Whoops: Half of Georgia’s Insurance Enrollees Haven’t Paid Yet.
This seems rather important:
Georgia insurers received more than 220,000 applications for health coverage in the Affordable Care Act’s exchange as of the official federal deadline of March 31, state officials said Wednesday.
Insurance Commissioner Ralph Hudgens, though, said premiums have been received for only 107,581 of those policies, which cover 149,465 people.
“Many Georgians completed the application process by the deadline, but have yet to pay for the coverage,” Hudgens said in a statement Wednesday.
Half? Half? Sure, the nonpayment rates will be a lot lower in other places. But this indicates how much skepticism is warranted for the administration’s much-touted enrollment figures.
When Progressives insist that we’re wrong and Obamacare is more popular than it seems, they’ll point to the enrollment numbers. They dismiss the national surveys, but there’s some indication that Obamacare’s meager support in the polls is actually worse than we think, because it’s being artificially boosted by respondents that are eager to declare the whole thing a success, no matter how their state exchange is actually performing. . .
(Excerpt) Read more at nationalreview.com ...
Duh.
We-told-you-so ping.
Found out it wasn’t free so screw that..... It should be free like my food stamps, phone, housing.....
Most of thme in Atlantz?
Half of the country Insurance Enrollees Haven’t Paid Yet double duh.
No wonder Obama won’t release the numbers.
We have mandatory auto insurance here in California.
Many people "buy" insurance the month their auto registration is due and then let the policy lapse the next month.
The EXEMPT will have the non-EXEMPT be further
taxed to pay for this AND the coverup.
Enrollee: "Premium?? What premium?! I signed up for the Bronze Plan, not the premium plan, foo!"
I’ve heard stories of people making up fake auto insurance cards to show to the police when they get stopped. You are royally screwed if you have an accident and don’t have actual insurance.
I’m shocked that half of them have paid.
Just wait till the real number of deadbeats on this disaster comes to light after the Nov. election. There will be even more uninsured next year than this year.
Is policy issuance guaranteed upon enrollment and payment of first month’s premium?
Or do applicants still have to have blood drawn, pee in a bottle and have medical records permitted in order to verify the application?
What about the pre existing conditions crowd? Do they get automatic enrollment upon payment and verification?
Obama and his servants at MSNBC assure is that they are ‘covered’ now so that means its a great successs.
Some of the auto insurance companies that cater to Mexicans in TX sell policies by the day. In other words, they pay for insurance to get the proof of insurance card in order to get their license tag. So if they hit you, you hope it’s on that one day when they are insured.
...... If this is true then the payments of those who enrolled in March won't actually be due until about May. And to be honest .... Most people I know, including yours truly, usually don't pay bills until the last minute so if they are going to pay .... it will be around that "Last Minute.".
It will still be some time before we see stories about Obamacare enrollees declaring bankruptcy because the coverage was so poor.
The real story of Obamacare is contained in this story by one of the two public members of SS and Medicare Board of Trustees. It is a devastating article that needs wider circulation.
Below is an excerpt from The Unfolding Fiscal Disaster Behind ACA Enrollment Figures By Charles Blahous
"Earlier this month there was tremendous press attention to new data indicating that enrollment in the Affordable Care Act (ACA)’s health insurance exchanges had surpassed 7 million. The White House took a victory lap while much of the press, desperate to write something positive after months of reporting on website glitches and insurance plan cancellations, characterized the milestone as good political news for ACA supporters. Our national discussion, however, is missing the truly significant story here; what is unfolding before our eyes is a colossal fiscal disaster, poised to haunt legislators and taxpayers for decades to come.
It is quite possible that the ACA is shaping up as the greatest act of fiscal irresponsibility ever committed by federal legislators. Nothing immediately comes to mind as comparable to it. Certainly no tax legislation is, because tax rates rise and fall frequently, such that one Congress’s tax cut can be (and often is) undone by a later tax increase. The same is true for legislation affecting appropriated spending programs. But the ACA is a commitment to permanently subsidize comprehensive health insurance for millions who could not otherwise afford it, which the federal government has no viable plan to finance. Moreover, experience shows that it is very difficult to scale back such spending once large numbers of Americans have been made dependent on it.
Let’s walk through the salient features of this unfolding fiscal disaster:
An Expansion of Spending Commitments Comparable to Enacting Social Security, Medicare or Medicaid: Our biggest fiscal problems today stem from Medicare, Medicaid and Social Security costs rising well beyond original projections. The ACA was enacted even though these longstanding financing challenges have still not been met, and represents an additional expansion of federal commitments comparable to these other programs’ creations. CBO now estimates that the gross costs of the ACA’s coverage expansion will be $92 billion in FY2015, or about 0.5% of our total GDP of roughly $18 trillion. This far exceeds, even relative to today’s larger economy, the initial costs associated with the entirety of Social Security and Medicaid, and is comparable to the startup costs for all original parts of Medicare combined. Consider this: just five years after enactment the ACA will absorb more of our total economic output than Social Security did fully sixteen years after it was enacted.
I had a State Senator refer to that as “Street Insurance.” Just enough to get you on the street.
It was in response to my request for a law promising jail time for uninsured motorists. I called it the “I don’t care about your personal problems auto insurance reform act.”
Welllllllll, then they count double, right?
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