Saturday, January 18, 2014
Inaccurate Figures No Surprise
A recent congressional hearing revealed that the Obama Administration is unsure of who has actually paid to enroll in Obamacare because the functionality for collecting this type of information has not been built yet. Comparing this to purchasing something on Amazon, this means that citizens may have placed their new Obamacare plan in the cart but have not actually paid for it yet.
According to the Administration, 2 million people enrolled through healthcare exchanges from October 30th - December 28th of this year. However, they are not considered covered until they pay their first premium.
So the figures that we have been given by our government on how many people have enrolled in Obamacare to date are completely inaccurate. All of the enrollment data provided to insurers has been inaccurate and incomplete, also.
Do you get the feeling that maybe it is so bad that they are just not telling us? This is very suspect. It is inconceivable to me that the Administration considers the ObamaCare disaster nothing more than a "glitch." A disaster is not a "glitch." No system for collecting data? That is a disaster.
I hear that there is a bailout in the works for the insurance companies. It has been suggested that the House introduce a provision to Obamacare axing the bailout provision of the bill.
It will be interesting to see how this all shakes out.