Here is a Yahoo Finance report on the RAND study that has points you and Mother Jones conveniently neglected to include.
http://finance.yahoo.com/news/coming-obamacare-shock-170-million-091500303.html
Among them are
So how many of these seven-million-plus claimed by Obama actually started off without any insurance at all?
The Times reported that from an unpublished Rand Corporation study that of the six million who signed up through Obamacare exchanges for private insurance, a third of those had no insurance previous to the rollout. That would come to 4.4 percent of the low end of the LA Times estimate, if that number represented actual enrollments – but it doesn’t.
The
Daily Mail’s David Martosko reports that the same Rand study shows that only 53 percent of those previously uninsured have actually
paid premiums for their selection. The Rand estimate of the newly covered comes just short of 859,000 – or just 1.9 percent of the total number of uninsured that Democrats insisted had to be helped through a costly and disruptive overhaul of the health-insurance industry. Even adding in the estimated six million added to Medicaid – most of whom would have qualified without Obamacare – the first pass only accounts for 15 percent of the problem, as defined by Obama and his fellow Democrats in 2009-10.
Also one of the delays instituted by the president will cause the following:
The data from HHS after the passage of Obamacare showed that the Obama administration expected as many as 93 million Americans to be thrown out of their existing coverage, with employers opting to either scale down or get out, paying the fine instead.
Either way, the ACA imposes massive costs on employers, whether those come in the form of fines, higher premiums, red tape, or a combination of all three. Businesses that have new and massive costs imposed on them by regulatory changes no longer can use that capital for investment, risk-taking, and expansion. That means fewer new jobs for Americans, and fewer opportunities to move up the economic ladder as well.
Now, perhaps this would make sense if the program that plans to impose all these costs actually did what Democrats promised it would do – insure the uninsured. However, the numbers offered up by Obama on Tuesday fall very far short of the numbers his administration used to argue that a systemic overhaul was needed to address “the fierce urgency of now” with the uninsured, which the LA Times recalls as
between 45-48 million.
In fact, it’s not clear at all that the so-called enrollments hailed on April Fools Day offer a break-even point with the uninsured the ACA
created. Those numbers are estimated at five to six million Americans in the individual market, many of whom now pay higher premiums and have to clear higher deductibles as the cost of buying more insurance coverage than they believed they needed in the first place
Put that in your pipe and smoke it!
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