Yahoo Finance Tosses Cold Water on Obamacare 'Enrollment' Number

NewsBusters ^ | January 14, 2014 | P.J. Gladnick

[PJ-Comix]

Although the  yesterday's report of 2.2 million Obamacare "enrollees" focused on the fact that less than a quarter of the 'signups' were under 34 years of age in contrast to the 40% that were expected for the program to work, another important figure was mostly overlooked in the reports. Namely, just how real is that 2.2 million "enrollment" figure. Although Time's Swampland headline jubilantly proclaimed  "Huge Surge in Obamacare Enrollment Reported," Yahoo Finance put it in proper perspective with this harsh dose of reality:

Insurers are finding they're ending up with a lot more applications than payments.

[PJ-Comix]

And if the PAID enrollments had been high, you just know HHS would have already released that figure. The long delay just tells me the true PAID enrollment figure is low, verrrrrry low.

[AU72]

They’re waiting for a pre-existing condition to happen before sending in their first premium.

[MrB]

Some numbers from another thread show that only 0.4% of the population of the states of Kansas and Missouri have signed up and 80% of those are subsidized.

[MNDude]

will the real number of those paying eventually be released?

[Mr. K]

I wonder if anyone in The Media will ask about PAID enrollment? You know? Like get USEFUL information or something?

But that would involve them committing an actual act of real journalism. I think they just teach them stenography these days.

[ToastedHead]

If there were all these new paying customers out there trying to use their coverage, we’d be hearing stories about them learning what a “deductible” is. Someday I imagine a segment on MSNBC explaining what that word means.

[USS Alaska]

will the real number of those paying eventually be released?

Yep, January 21, 2017.

[USS Alaska]

Amazon reports that only 30% of carts filled are actually turned into real orders with money being paid.

There is no reason to suspect that health care shoppers would fulfill their orders at a much different rate.

But even if the obamacare shoppers pay for their carts at TWICE the rate of Amazon shoppers, that means that only 1.2 Million people have signed up and PAID and therefore actually have insurance via obamacare.

Medicade, is a whole different animal and millions have signed up for free stuff via their obama phone, or their free comcast internet {paid for by real comcast users}.