It did not take long for the Obamacare enrollment numbers to crumble. We learned yesterday that Blue Cross (the largest provider of health insurance on the Obamacare exchanges) has gotten payment from only between 80 and 85% of those who signed up. This is in line with previous surveys that told us that roughly 80% had paid. With this one move, the supposed 7.1 million people signing up were reduced to about 5.6-6.0 million who actually purchased policies.
Now before I get emails or phone calls telling me that there is still time for people to pay, please understand that the Blue Cross numbers only cover folks who signed up a while ago. In other words, these are people whose payments were due by February 1. That means that if they failed to pay by now, their applications have been cancelled and they are not going to get insurance at all.
Blue Cross did not announce the number of non-payments for folks who previously had insurance versus those who did not, but other recent studies say that fully one half of the previously uninsured are not paying for the coverage when the bill arrives (as compared to about 85% of those who did have coverage already). The other studies also show that only about one quarter of those signing up are newly insured. Applying all these statistics to the claimed 7.1 million people, we find that there should be 1.8 million of these folks who were previously uninsured and that of that 1.8 million, only about 900 thousand actually paid for their policies.
Now before I get emails or phone calls telling me that there is still time for people to pay, please understand that the Blue Cross numbers only cover folks who signed up a while ago. In other words, these are people whose payments were due by February 1. That means that if they failed to pay by now, their applications have been cancelled and they are not going to get insurance at all.
Blue Cross did not announce the number of non-payments for folks who previously had insurance versus those who did not, but other recent studies say that fully one half of the previously uninsured are not paying for the coverage when the bill arrives (as compared to about 85% of those who did have coverage already). The other studies also show that only about one quarter of those signing up are newly insured. Applying all these statistics to the claimed 7.1 million people, we find that there should be 1.8 million of these folks who were previously uninsured and that of that 1.8 million, only about 900 thousand actually paid for their policies.
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