As of January 1,
ObamaCare is the law of the land. Or more accurately, those parts of ObamaCare
that weren’t unilaterally changed or delayed to serve the interests of the
Obama administration and the Democratic Party heading in the 2014 election.
Despite those efforts, it would appear that 2014 will bring
no respite from the criticism associated with what might be best described as
the biggest government boondoggle of all time. As the nation straddles the
passage from the old year into the new, the hits just keep on coming.
The first hit concerns the exchanges themselves. As Forbes
Magazine contributor Michael Cannon explains,
ObamaCare enrollments remain a whopping 60 percent below the targets set by the
Obama administration. Only 2.2 million Americans out of the 3.3 million
envisioned by the administration have signed up, not paid up. That means the 2.2
million figure will eventually be lower, since no program has a 100 percent
success rate in that regard. Thus the administration’s notion that they can
meet their target of 7 million paying customers by March 31
(of which 2.7 million must be “young invincibles” to offset the costlier
coverage for older, sicker Americans) looks like a pipe dream. Furthermore,
since the 60 percent number is a national average, states with low enrollment
totals will undoubtedly see a surge in premium costs by 2015.
No comments:
Post a Comment