So close! Obamacare exchanges enroll 3% of goal

poorrichardsnews.com

They’re shooting for 1.4 million to enroll in Obamacare exchanges by the end of the enrollment period but only 49,100 have signed up so far. That comes out to a whopping three and a half percent of the target. To say that things aren’t going so well for the Obama team might be an understatement.

From Reuters:

President Barack Obama’s healthcare reform has reached only about 3 percent of its enrollment target for 2014 in 12 U.S. states where new online health insurance marketplaces are mostly working smoothly, a report released on Monday said.

States with functioning exchanges have signed up 49,100 people compared with the 1.4 million people expected to be enrolled for 2014, according to the report by healthcare research and consultancy firm Avalere Health.

With enrollment in the federal HealthCare.gov website serving 36 states stalled by technical failures, the weak sign-ups for functioning insurance exchanges could be due to the administration’s difficulty to promote the program as a success, Avalere said.

The government is due to release national enrollment figures for the month of October this week. Open enrollment ends March 31, 2014.

Supporters of Obamacare and health insurers fear that scant participation in the private insurance exchanges will prevent them from becoming a sustainable new individual market, including the right mix of young and healthy members to offset coverage for older, sick people.

Read the Rest

To make matters worse, even if they do magically reach their goal, the exchanges will have nowhere near the mix of young/old and healthy/unhealthy individuals sign up in order to make it even remotely sustainable financially. After all, who needs health care more, younger, healthy people or older, unhealthy people? If young people weren’t purchasing health insurance before Obamacare, they’re certainly not going purchase it now that premiums have gone way up. It’s ludicrous to think that it was ever going to work.

It’s kind of fun to see the left scramble to try and salvage the complete train wreck that is Obamacare right now. But they won’t be able to. It’s already a full fledged disaster and we’re barely a month in.

Article originally posted at poorrichardsnews.com