Sebelius Comes "Clean" On Obamacare Enrollment Numbers - 79% Miss (Full Report)

Despite rewriting history as usual, proclaiming that the administration 'knew' early numbers would be low (not true since they estimated 500,000 and are rumored to only have ~50,000), and changing the definition of what an enrollee is, and managing our expectations via Carney's press conference, we are intrigued to see what the "huge demand" Kathleen Sebelius expected for Obamacare has actually resulted in... Perhaps she needs to call the helpline! Remember, as Peter Schiff noted, the website can be fixed, but Obamacare can't (unless, of course, more keg-standers and sluts sign up).

• *OBAMACARE ENROLLS 106,185 IN PRIVATE HEALTH PLANS IN OCTOBER
• 26,794 on Federal Exchange
• 79,391 on State Exchanges

Bear in mind that this 106,185 includes those who added the plan sto their carts but did not pay - which has a ~70% cancellation rate across e-commerce platforms.

As TPM notes,

The administration was expecting 500,000 enrollments in October.

But as, one supporter of the law noted, "I think there's no number that's too low, the main thing that we're going to learn is that the website isn't working."

That internal memo with the 500,000 figure also projected a significant uptick after the first month. The administration was aiming for 3.3 million enrollments by Dec. 31 -- meaning about 85 percent were expected to occur during November and December.

Here's what she promised... "the good news is you can get started today..."

The Centers for Medicare and Medicaid Services will release a report on the numbers at 3:30 p.m., and Health and Human Services Secretary Kathleen Sebelius will discuss the findings on a press call then.

Remember how they crowed of the "interest"...The following inverted pyramid highlights the dismal reality of the Affordable Care Act as of a month ago...

We wonder just how much has changed in the last month...

rpt_enrollment.pdf

Comments

[squid427]

correct sir, the repubs don't want to repeal it, they want to be in charge of it! just ask assclown jeb bush. he said the only way to get rid of bamcare was to replace it with thier own .gov system

[honestann]

Here is the hilarious part of Obamacare.

It could destroy those who created it!  Hahaha!

Think about it.  This bill was written for the benefit of health insurance companies (plus to provide a signature achievement for Obama).

But... who do you imagine will sign up for Obamacare in the next 3, 6, 12, 15 months?  Answer:  Everyone with terrible, expensive medical problems, that's who.  Anyone else?  Maybe a few completely braindead liberal sheep, but not many.

What is the consequence of this?  The health insurers were planning to make huge, enormous, utterly obscene profits from Obamacare.  After all, they wrote the freaking bill!

However, none of the mainstream predators in government or health-insurance industry imagined in their wildest dreams how few people would sign up.  But that is clearly what is happening.  So what is the consequence?

First, let's be careful and conservative about our estimate.  After all, those predators who wrote this bill had it rigged to generate astronomical profits for the insurance companies.  So they do indeed have some margin to offset being wrong about the sign-up rate.  However, even that overwhelmingly obscene margin falls far short of being sufficient to cover their costs.

Which means, everyone with the worst health problems, including those who have not had healthcare previously, will start appearing in droves at the front door of doctors, clinics and hospitals starting in January.  Expenses will go off the charts.  That much was in their plans.  But what was not in their plans was... the fact that very few healthy people will sign up to provide the revenue to pay for those expenses.

The predators assumed the population at large would lie down and take it (up the butt, and I don't mean colonoscopy).  Apparently, and happily, apparently they won't.  I mean, someone should have expected a lot of people to "just say no" when they opened their new health-insurance quotes and found them 2x, 3x, 5x, 8x, 12x higher than before.

So what happens?

The insurance companies are predators, and they'll act like predators.  They will pay late.  Then later.  Then latest.  Then... they hardly pay at all.

Which means, doctors, clinics and hospitals will receive far less than they expect, and far less than their expenses.  Many doctors will "just say no" to Obamacare.  This has already started, with a few doctors joining forces to offer "cash only" offices and clinics with prices vastly lower than conventional or Obamacare fees --- as in 5x cheaper in some case!  Part of the reason is... no insurance companies or government also means "no paperwork" (which many patients will love, since a great many people are royally pissed off that their medical records are no longer private due to insurance company requirements).

There will be a massive doctor shortage.  Quite possibly the government will attempt to impose overt slavery on doctors, and attempt to prevent them from refusing to accept non-cash patients.  If they try, probably half or more of these doctors will quit, retire early, or get into other lines of work.  No way many of them will work for insurance payments when those payments are months or years late, often never get paid, and require insane quantities of paperwork.

There is no way to figure out in advance exactly how all these forces will play out.  Will the insurance companies pay out every dime they receive?  Will they exit the market?  Will they succeed in getting the federal government to increase their fees?

In many ways, the details don't matter --- they offset.  For example, if the government allows them to raise fees, they'll cause a war between people already signed up versus new customers (who must pay higher fees).  Plus, few people are willing to pay the current prices, so almost nobody will sign up at new higher fees.  So that doesn't work either.

The fact is, there are only two possibilities at this point - overt tyranny or collapse.

The republicans are just as much in favor of tyranny as the democrats.  So in principle, overt tyranny looks most likely, and appeals to both sides of the aisle.  However, the republicans may decide to take advantage of the overwhelming outrage at Obamacare and refuse to help the democrats escape the disaster they created.  All the republicans need to do is refuse to pass bills to raise prices even further, and implement overy tyranny immediately.  They could gain enormously by refusing to cooperate with the democrats.

In the long run, the republicans will certainly back some horrific alternative, one which surely will be overt tyranny.  Why?  Because there is no alternative.  People will not willingly subject themselves to this farse, especially when it is so obviously a farse, and one that utterly destroys their personal finances.  I mean, quite a few people must have noticed by now that increased health-insurance costs would completely consume ALL or more-than-all the "disposable income" of 50-million or more people.

Who expects people to willingly put themselves in a situation where they cannot buy ANYTHING except that which they cannot avoid (rent, mortgage, car payments, gasoline, utilities, food)?  Not me!

It appears that this fiasco will fail because it ignored the "boil the frog" understanding.  That is, people will allow themselves to be destroyed as long as the changes are in small increments.  By trying to destroy the majority of the population all at one time, they misjudged the willingness to accept the overt, intentional destruction placed upon them.

The other interesting dynamic is this.  If by some threat or mass-insanity most people do sign up for these health insurance policies, it will leave most people unable to by ANYTHING but required month expenses, which will utterly destroy the economy.

PS:  The hilarious part is... they might totally destroy the economy before they even have a chance to attempt to institute their "single payer plan" that (they will say) is necessary to save the system (the disaster they created with obamacare).

And, in fact, let's hope that's true, because ONLY a huge dislocation will wake people up enough to convince them to say "enough is enough", and "I'm done accepting you creeps".