Few Americans Are Paying for Obamacare

The O’Care ox is being gored as five million Americans are being cancelled and a laughable number have actually paid in. Loud flushing noises are just around the corner. All of which should make a nifty campaign platform for Democrats to run on next fall. It’s now past time for the rats to begin to abandon the sinking O’Care ship. Can any American possibly remember a bigger domestic debacle? And it all started out with a George H.W. Bush “Read My Lips” moment: “You Can Keep Your Insurance.” Well ask any of the five million citizens (just so far) who have been cancelled if Obama has delivered on his bold promise. The wheels are coming off the O’Care wagon and the White House is in dizzying denial. Here National Review rolls out the black carpet for O’Care. The Democrat party owns the O’Care clunker lock, stock, and barrel and ought to enjoy explaining all the details to enraged, policy losing Americans next fall.

Another Looming Disaster: Few Exchange Signups Have Paid for Their Insurance So Far

We’ve been warning that Obamacare would be a train wreck for a long time. Now the boxcars full of dynamite reach the impact point.

Pardon the ALL CAPS, but this seems like a fairly huge point:ALMOST NO ONE HAS PAID FOR THEIR INSURANCE YET!

The U.S. Department of Health and Human Servicesannounced this morning that nearly 365,000 Americans had signed up for private health insurance under Obamacare. The vast majority came from 14 states running their own insurance exchanges, while 137,000 came by way ofHealthCare.gov, the much-faulted federal website that handles enrollment for the remaining states.

But amid the rush to enroll as many people as possible by the December 23 deadline, there’s a huge caveat that isn’t getting much public attention: In order for coverage to take effect on Jan. 1, enrollees must pay their first month’s premium on time. (The deadline varies somewhat by state and by insurer.)

That’s slow going, according to consultants and some insurers, raising the prospect that actual enrollment will be far lower than the figures HHS is releasing.

“There is also a lot of worrying going on over people making payments,” industry consultant Robert Laszewski wrote in an email. “One client reports only 15% have paid so far. It is still too early to know for sure what this means but we should expect some enrollment slippage come the payment due date.”

Another consultant Kip Piper, agreed. “So far I’m hearing from health plans that around 5% and 10% of consumers who have made it through the data transfer gauntlet have paid first month’s premium and therefore truly enrolled,” he wrote me.

Sure, some of these folks are writing the checks right now, or will in the coming days. Obamacare defenders are quick to point out that people don’t like to pay for services ahead of time. But some significant chunk won’t pay on time — they’ve got about two or three weeks to make that first payment — and thus they’ll begin 2014 without health insurance. And these are the folks who made it through the glitchy exchanges! The question is whether or not they realize that they’re not really insured before or after they end up in the doctor’s office or emergency room.