As the Obama administration continues to struggle with the many glitches that plague the healthcare.gov website, perhaps it’s time we take a step back and review where we stand with the massive government-run program.
The White House claims roughly 2.1 million Americans enrolled in Obamacare through Dec. 28. However, as TheBlaze and other have noted several times, the administration has yet to build a payment option on the healthcare.gov website, meaning no one has actually paid to enroll in the program. If no one has paid, then no one is covered.
People have signed up for Obamacare — but they’re not enrolled.
So what of the signups then? What do we know about those?
First, 24 percent of all signups through Dec. 28 are in the 18-34 age group, that is, the group most needed to keep the program financially stable. Further, approximately 21 percent of participants are not eligible for subsidies, meaning 79 percent of Obamacare enrollees will be subsidized. Lastly, more women (roughly 54 percent) than men have signed up.
The following charts and commentary from Bloomberg will help you visualize the first three months of Obamacare signups:
Bloomberg: “About 30 percent of new enrollees are under 35. White House officials say that’s an acceptable mix, and they expect more young people to come on board closer to the March 31 deadline. ‘We think that more and more young people are going to sign up as time goes by, based on the experience in Massachusetts,’ Gary Cohen, deputy administrator at the Centers for Medicare and Medicaid, said on a conference call with reporters. ‘We’re actually very pleased with the percentage that we have right now, and we expect that percentage to increase.’”
Bloomberg: “Most of the people who bought coverage on the exchanges this fall got subsidies to help them afford the premiums. That’s in contrast to the first month of the program, when less than one-third of buyers were subsidized. People earning up to four times the poverty rate—as much as $96,000 a year for a family of four—can get help buying coverage. The numbers released today don’t count people who bought health plans off the exchanges. Given the website’s technical problems, people buying insurance who earn too much for subsidies may have bypassed healthcare.gov entirely and purchased plans from brokers or directly from insurance companies. The government doesn’t yet have data on how many people got coverage directly.”
Bloomberg: “Under Obamacare, insurers can’t charge men and women different rates—or, as Health Secretary Kathleen Sebelius put it, ‘Starting in 2014, being a woman is no longer a preexisting condition.’ That generally resulted in lower prices for women compared with insurance markets where underwriting by gender is allowed, so it’s not surprising women signed up in greater numbers.”
(H/T: Zero Hedge)
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This post has been updated.