Monday, March 24, 2014

The net Effects of Obamacare at the March deadline

So what are the end effects of Obamacare at the March 31st deadline.  Have the scare tactics worked?  The administration has been warning people of penalties if they were not signed up by the March 31st dealine. It just doesn't seem like it at all.  The younger generations are not buying into it, clearly not happy with the facts that they are shouldered with higher costs in an attempt to supplement the older, less healthy Obamacare participants. 

At this point President Obama is touting just over five million people have signed up for Obamacare during the open registration period.  But signups are a different thing from actual participating healthcare owners.  Estimates are that easily up to 20% of all the Obamacare enrollees have not paid anything.  So, personally, you cannot count up to a million of those five million as true Obamacare participants.  The number of actual paying customers is closer to four million. 

I'll be happy to accept that four million number.  But while the administration touts the success what about the 5 million healthcare patients that have had their policies cancelled over the past year because of Obamacare.  If you do the real, net numbers it seems that we are at a loss of actual insured people.  At very best it is a wash.  And that wash is net negative to me because mostly healthy people were cancelled while many, many very unhealthy people suddenly are getting tax payer funded healthcare. 

Once again it is an Obama staple.  Reward out unproductive or minimal producers off of the backs of the people who actually produce.  Socialism by any other name.

So when you hear all the Democrats touting the success of the Obamacare signups in the next few weeks keep in mind the facts they are not telling you.  While they'll say five million have signed up.  The truth is that five million were cancelled over the past year as well.  When they say five million have signed up.  The truth is that 20% of those signed up have never paid a penny of their costs.  When they tout five million have signed up. The numbers show that just as many were cancelled and another million haven't paid on top of that.

Oh, and don't forget the fact that over $2 billion dollars of taxpayer money has been spent on advertising and the broken website as well.  Totally wasted $$$$$.

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