Remember When Obama Claimed…
(Investors.com) After Obama took a victory lap claiming that 8 Million signed up for the ACA by mid-April, a dubious number to be sure by any logical calculations, the nation’s top insurers are now saying that the Obama Administration may want to recalibrate their “Guesstimations” of ObamaCare data to reflect a more accurate accounting.
The nations third-largest health insurer Aetna, had just 720,000 people sign up for ObamaCare as of the 20 May but at the end of June, it had but 600,000 actually paying the premiums and Aetna expect that number to fall to ‘just over 500,000′ by the end of the year.
Cigna projects its individual market customers including more than 100,000 in the ObamaCare exchanges to ‘move from 300,000 down to 280,000 in that range’ according to CEO David Cordani.
Another data point comes from the State of Washington–the only state that did not report ObamaCare sign-ups to HHS until consumers paid an initial premium. While the State of Washington had 164,062 paid enrollees as of the 23 April, by 01 June, the state reported that just 156,155 people enrolled.
The gap between the high watermark of ObamaCare sign-ups and the number of current premium paying customers reflects both those who never sent in their first monthly premium for any number of reasons, including: personal finances have been stretched, others may have got fed-up with the high-deductibles.
Regardless of the reasons, ObamaCare enrollment numbers are shrinking steadily and a far cry away from insuring those alleged 47 Million we were told were without health insurance, all of which one may never learn about from the dinosaur media which has a lot invested in the hope of Obama’s success than to report the real news of the day or from a president, much too busy vacationing in Martha’s Vineyard and hitting the links during his 28th golf outing this year than to concern himself with the mundane job that he was elected to do.