Tuesday, January 26, 2016

Unmitigated Disaster (Easily Predicted)

As we noted last month, despite all the hoopla and glowing press, this year's Open Enrollment season was shaping up to be a dismal failure:

"About 6 million people have signed up for health coverage that will take effect on Jan. 1 in the states that use the [404Care].gov enrollment."

That was the headcount in December, with the goal of hitting 21 million victims enrollees. I asked at the time "who really thinks they're going to make up that 15 million person deficit in the next two months?"

Fast forward to the the present, and what do we see?

"CBO’s new projection of 13 million exchange enrollees in 2016 is nearly 40% below previous expectations."

And then there's this little ray of sunshine:

"[T]he ACA’s Medicaid expansion is costing far more than projected because of higher enrollment and higher spending per enrollee."

So let me get this straight: fewer healthy, paying customers are signing up for ObamaPlans, and more expensive freeloaders non-payers are signing up for Medicaid, and the leaders of states who took a pass on Medicaid Expansion are the morons?


Oh, and this just in from CMS:

"Plan Year 2016 Open Enrollment closes on January 31"

Any bets on 8 million  new paying customers signing up in the next 6 days?


[Hat Tip: FoIB Bob G]
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