Posted on 11/12/2013 9:10:56 AM PST by NormsRevenge
Before Healthcare.gov’s troubled launch on Oct. 1, the White House estimated nearly 500,000 people would enroll in the Obamacare health exchanges within the first month and an estimated 7 million were expected to gain private coverage by the end of March, when the open-enrollment period is scheduled to end.
Now – even before the administration can deliver on its promise to release an official head count of how many people have enrolled for insurance coverage in the first full month of operations – insurance industry analysts on Monday released figures showing the government has signed up a mere fraction of Americans it had hoped to recruit in October.
Robert Laszewski, a consultant to many major insurance companies, said in an interview that about 50,000 people have signed up for coverage in the 36 states that have federally designed insurance markets – or about 10 percent of the overall goal for the first month. That figure closely matches the 40,000 to 50,000 enrollments reported by The Wall Street Journal on Monday afternoon. Laszewski based his estimate on the number of completed transactions between individuals and their families and insurance companies.
At the same time, Avalere Health, a health care consulting firm in Washington D.C., reported that 14 state exchanges have met just 3 percent of their enrollment goals for 2014. That means that 49,100 people have enrolled out of a targeted 1.4 million. This figure does not include data from California, Massachusetts and Oregon, which has not yet been released.
(Excerpt) Read more at finance.yahoo.com ...
There are more uninsured today than there was when they passed this bill.
epic fail and lives are at risk.
MAN this is big epic fail
I haven’t seen program fail since OH GOD I don’t know Heaven Gate the movie from 1980s that almost destroy United Artists for upteenth time LOL!
How many of them are merely transfers from old medicaid to new Ocare?
Next, they'll be presenting website hits as "enrollees".
Gee, I dunno. For some reason I’m reminded of the scene from “Saving Private Ryan” where the Germans have fallen from the pillbox, on fire.
After helplessly taking fire from these guys for over an hour, a GI yells “Let ‘em burn!”
That’s what I’m thinking. The B&O Special is just jumping track ... someone pop some corn!
Regardless of how many are duplicates, transfers or just simple inquiries, the point is that the whole system was predicated on MILLIONS of young people signing up in droves the pay for all the ones who have no insurance or are costly elderly patients. They got only the latter and none of the former. This ship is doomed.............
They’re following the Dot.Com template of launching with a flawed business model in the hope that they will make it up in volume.
LOL, such rich subject matter..., so little time.
Thank you Grandpa Dave.
The only one’s signed up are the drones who can read and will get subsidized (free) health care.
Obama has promised not to raise taxes except on millionaires and billionaires -(his base)
Obamacare = UNinsuring the insured. THAT is the “million” number Obama was really talking about. The amount of folks that will LOSE their insurance.
Medicaid pays doctors/hospitals 50% of what medicare pays. If they merge the two programs, that alone would be a big savings. Problem is that no one will see these patients as they can’t survive as a business. The gov’t then takes over the physicians and the hospitals.
What an absolute waste of wealth.
100% pure macaca.
bfl
“Medicaid pays doctors/hospitals 50% of what medicare pays”
Appears to be .66 overall according to this table:
http://kff.org/medicaid/state-indicator/medicaid-to-medicare-fee-index/
Interesting table. Some more rural states have Medicaid that pays more than Medicare. Much variability among states and what is being billed.
Bottom line is that if physicians are shying away from Medicare, what happens when you offer them 2/3 of an already crappy rate?
Yes, those inverted ratios are odd. Was meaning to look into whether it is because Medicare is low or Medicaid is high.
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