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Only 700K Uninsured Have Signed Up For O-Care

From Avik Roy at Forbes:

McKinsey: Only 14% Of Obamacare Exchange Sign-Ups Are Previously Uninsured Enrollees

By Avik Roy | March 8, 2014

… Of the 3.3 million people that the White House has touted as Obamacare exchange “sign-ups,” less than 500,000 are actual uninsured people who have actually gained health coverage…

Since this article was published, the White House has come out with a higher number of sign-ups. They now say there have been 5 million sign-ups. Which, using this same percentage, will turn out to be 700,000. (See below.)

McKinsey, the leading management consulting firm, has been conducting monthly surveys of the exchange-eligible population under the auspices of its Center for U.S. Health System Reform. McKinsey’s most recent survey, conducted in February with 2,096 eligible respondents, found that only 48 percent had thus far signed up for a 2014 health plan.

Within that 48 percent, three-fifths were previously insured people who liked their old plans and were able to keep them. The remaining two-fifths were the ones who signed up for coverage on the Obamacare exchanges.

Of the Obamacare sign-ups, only 27 percent had been previously uninsured in 2013. And of the 27 percent, nearly half had yet to pay a premium. (By contrast, among the 73 percent who had been previously insured, 86 percent had paid.)

Put all those percentages together, and you get two key stats. Only 19 percent of those who have paid a premium were previously uninsured.

Among those that the administration is touting as sign-ups, only 14 percent are previously uninsured enrollees: approximately 472,000 people as of February 1…

Which means that only 700,000 people have signed up for Obama-Care who didn’t have insurance previously. Even using the highly dubious number of 5 million sign-ups. (14% of 5,000,000 = 700,000.)

Keep in mind another fact: According to the Associated Press, at least 4.7 million Americans who shop for coverage on their own have had their plans canceled because they don’t conform to Obamacare’s regulations. So Obamacare has disrupted the coverage of millions of Americans, requiring many to purchase costlier policies with higher deductibles and narrower doctor networks, for a fairly modest expansion of coverage…

In fact, we went through all of this hell, turned our entire healthcare system upside, spend untold hundreds of billions of dollars — for a measly 700,000 people!

And even that number might not even match the number of those who lost coverage, thanks to Obama-Care, and have decided to forego buying health insurance, for one reason or another.

This article was posted by Steve Gilbert on Wednesday, March 19th, 2014. Comments are currently closed.

2 Responses to “Only 700K Uninsured Have Signed Up For O-Care”

  1. dasher

    “have decided to forego buying health insurance, for one reason or another.”

    Uh, my brother, the reasons are still the same: these uninsured are young, broke, and there’s no penalty for not signing up.

    D.




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