The AP is out tonight with an article under a headline proclaiming that 476,000 Obamacare applications have been filed! Sounds great, doesn't it. At least it sounds great until you read the article and understand what that figure really means.
When the AP talks about applications filed at the exchanges, it is NOT talking about insurance policies sold. No, an "application" is actually an account that has to be set up before one can see details about the policies that are offered for sale. Each person visiting the site has to give a variety of personal information before his or her "account" is established and then, and only then, can the insurance policies be reviewed.
The AP also tells us in this article that just over half of the 476,000 so called applications were filed at the federal websites that are being used in 36 states. Oh, and there is one other critical bit of information that the feds have given to the AP. As of last night, 19 million people had visited healthcare.gov, which is the federal website.
So let's parse those figures just a bit. 19 million people went to the federal website. Out of that group only about 250,000 actually set up an account. That means that only about one person out of eighty who went to the website actually got far enough so that he or she could review the insurance policies. On top of that, we also know that the majority of the folks who looked at the policies did not sign up. Now they may sign up in the future, but as of now, they have not signed up.
Despite the headline on the AP article, the truth is that only about one percent of the people visiting the federal Obamacare website have stayed long enough to open an account. The other ninety nine percent did not get that far. There is just no way that this exchange is going to work.
When the AP talks about applications filed at the exchanges, it is NOT talking about insurance policies sold. No, an "application" is actually an account that has to be set up before one can see details about the policies that are offered for sale. Each person visiting the site has to give a variety of personal information before his or her "account" is established and then, and only then, can the insurance policies be reviewed.
The AP also tells us in this article that just over half of the 476,000 so called applications were filed at the federal websites that are being used in 36 states. Oh, and there is one other critical bit of information that the feds have given to the AP. As of last night, 19 million people had visited healthcare.gov, which is the federal website.
So let's parse those figures just a bit. 19 million people went to the federal website. Out of that group only about 250,000 actually set up an account. That means that only about one person out of eighty who went to the website actually got far enough so that he or she could review the insurance policies. On top of that, we also know that the majority of the folks who looked at the policies did not sign up. Now they may sign up in the future, but as of now, they have not signed up.
Despite the headline on the AP article, the truth is that only about one percent of the people visiting the federal Obamacare website have stayed long enough to open an account. The other ninety nine percent did not get that far. There is just no way that this exchange is going to work.
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