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Obamacare Enrollment Explained In Three Charts

Tyler Durden's picture




 

By now the distinction that "enrollment" in Obamacare does not actually mean coverage should be painfully clear: one still has to pay, and according to a recent analysis up to 50% of "enrollees" in any given state have not paid, which means the White House's number of 2.1 million sign ups through December 28 is vastly overstating the reality (especially if one ignores the 5+ million of torn up, lost insurance policies as a result of Obamacare). But even if one clearly delineates what is meant by "enrollment" in the most epic failure of a ponzi scheme to ever emerge from a developed nation (with a recently disclosed penchant for Big Brother-yness), what conclusions can one draw about the current participants in obligatory, socialized insurance as most recently disclosed by the administration? Here is the summary: only 24% of all new insured are in the targeted 28-34 age group; only 21% of participants will get no subsidy (which means 79% will be subsidized), and finally more women (54%) than men have signed up.

The above in charts, with commentary from Bloomberg:

About 30 percent of new enrollees are under 35. White House officials say that’s an acceptable mix, and they expect more young people to come on board closer to the March 31 deadline. “We think that more and more young people are going to sign up as time goes by, based on the experience in Massachusetts,” Gary Cohen, deputy administrator at the Centers for Medicare and Medicaid, said on a conference call with reporters. “We’re actually very pleased with the percentage that we have right now, and we expect that percentage to increase.”

Most of the people who bought coverage on the exchanges this fall got subsidies to help them afford the premiums. That’s in contrast to the first month of the program, when less than one-third of buyers were subsidized. People earning up to four times the poverty rate—as much as $96,000 a year for a family of four—can get help buying coverage.

The numbers released today don’t count people who bought health plans off the exchanges. Given the website’s technical problems, people buying insurance who earn too much for subsidies may have bypassed healthcare.gov entirely and purchased plans from brokers or directly from insurance companies. The government doesn’t yet have data on how many people got coverage directly.

Under Obamacare, insurers can’t charge men and women different rates—or, as Health Secretary Kathleen Sebelius put it, “Starting in 2014, being a woman is no longer a preexisting condition.” That generally resulted in lower prices for women compared with insurance markets where underwriting by gender is allowed, so it’s not surprising women signed up in greater numbers.

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Mon, 01/13/2014 - 19:51 | 4328903 RacerX
RacerX's picture

What?! You mean I have to PAY for my FREE healthcare?!

Mon, 01/13/2014 - 19:52 | 4328907 The Gooch
The Gooch's picture

It's MOAR free.

Mon, 01/13/2014 - 20:02 | 4328945 kaiserhoff
kaiserhoff's picture

Obozo's Waterloo.

Even if you don't like yo Chinee Clusterfuck,

  You get to keep yo Chinee Clusterfuck.

Mon, 01/13/2014 - 20:15 | 4328979 Bad Attitude
Bad Attitude's picture

Defining success down since January 20, 2009. I wonder when someone in the MSM will have the courage to point out that the emperor has no clothes.

Forward (over the cliff)!

Mon, 01/13/2014 - 21:40 | 4329203 gatorengineer
gatorengineer's picture

Punch it Louise

Mon, 01/13/2014 - 22:41 | 4329364 superflex
superflex's picture

It's Forward Comrade!

Mon, 01/13/2014 - 22:52 | 4329414 RafterManFMJ
RafterManFMJ's picture

Secretary Kathleen Sebelius put it, “Starting in 2014, being a woman is no longer a preexisting condition.”

JFC, what a stupid, worthless cunt.

Mon, 01/13/2014 - 23:06 | 4329473 boogerbently
boogerbently's picture

20% signed up without a subsidy?

WHY?

Tue, 01/14/2014 - 03:08 | 4329944 AldousHuxley
AldousHuxley's picture

How does Obamacare lower the cost of care?

 

This is just tax dollars going into pockets of medical industrial complex and low wage corporations.

 

You are now paying for Walmart workers's healthcare instead of the Waltons.

Tue, 01/14/2014 - 03:43 | 4330014 cynicalskeptic
cynicalskeptic's picture

It's going to the INSURANCE companies, NOT those that actually provide direct medical care.  That is the fundamental problem with the US health care system - the money is NOT going to provide direct health care, it goes to insurers, pharmaceutical and medical device companies and damn near everyone BUT doctors and hospitals.

Obamacare was a gift to the insurance companies - requiring people to buy insurance. 

Tue, 01/14/2014 - 09:59 | 4330345 kralizec
kralizec's picture

But the progressives need to lure, I mean snooker, more youths to make this all work, it's what they say.

Tee Hee!  Good luck with that!

Tue, 01/14/2014 - 03:16 | 4329963 Problem Is
Problem Is's picture

Remember: The Obama Bin Lyin' definition of "Singed up"

Logged on and logged the fuck off... Those 20% don't really exist, now do they...

Tue, 01/14/2014 - 05:00 | 4330059 Intoxicologist
Intoxicologist's picture

No, they've been singed.

<sorry, couldn't resist>

 

Tue, 01/14/2014 - 04:01 | 4330029 A Nanny Moose
A Nanny Moose's picture

At what point do we begin to shoot...no...subject these equality of misery fucktards to their own laws?

Mon, 01/13/2014 - 20:18 | 4328984 Hedgetard55
Hedgetard55's picture

Other than the wars in Korea, Vietnam, Afghanistan and Iraq, this is easily the biggest fucking clusterfuck in fed.gov history. Thanks, Bathhouse.

Mon, 01/13/2014 - 22:06 | 4329271 DaveyJones
DaveyJones's picture

it's actually another on your list. In the end, when they can't get the revenue, empires turn their wars against their own

Mon, 01/13/2014 - 19:54 | 4328912 ragemachinest
ragemachinest's picture

Yeah, I heard it was $free.99...wtf

Mon, 01/13/2014 - 22:12 | 4329284 Crash Overide
Crash Overide's picture

60% of the time, it works everytime.

Mon, 01/13/2014 - 19:55 | 4328916 shepherd
shepherd's picture

America had the most expensive health care in the world before Obamacare.

Mon, 01/13/2014 - 20:17 | 4328983 Winston Churchill
Winston Churchill's picture

Now its even MOARER expensive with Obozocare.

Only Govt. could create one clusterfuck ,and then make it worse(r).

Mon, 01/13/2014 - 20:22 | 4328994 shepherd
shepherd's picture

Lol. Yeah, America can't do anything right, other than war.

Mon, 01/13/2014 - 20:34 | 4329032 lead salad
lead salad's picture

Uhhhh......they can't even do that right.

Mon, 01/13/2014 - 21:20 | 4329160 DeusHedge
DeusHedge's picture

As well as the most expensive burgers.

Tue, 01/14/2014 - 04:03 | 4330030 A Nanny Moose
A Nanny Moose's picture

Will Zero'Bamabotcare fix that? If so, how? How is it fair to compare differing levels of subsidized prices, when an object measure of price does not even exist?

Tue, 01/14/2014 - 07:20 | 4330128 doctor10
doctor10's picture

The banks have had their way at the trough since 2008; ObamCare is supposed to be the insurance industry's turn

Mon, 01/13/2014 - 19:57 | 4328926 djsmps
djsmps's picture

I don't make much money anymore. Mine has a zero dollar premium and zero deductible. I did not support this, but I'll take free.

Mon, 01/13/2014 - 20:06 | 4328956 texas sandman
texas sandman's picture

To quote P. J. O'Rourke.....if you think healthcare is expensive now, wait until it's "free".

Tue, 01/14/2014 - 03:23 | 4329980 Problem Is
Problem Is's picture

That means you didn't really get through on the exchange. They are going to sign you up.

You better go down to the drug store and pay out of pocket for KY, anbesol and some tucks pads. When they sign you up it ain't going to be $0 and $0, baby...

Mon, 01/13/2014 - 20:04 | 4328950 Savvy
Savvy's picture

Nothing socialized about the un-ACA, sort of misleading to say so. If it was along the lines of every other country with socialized h/c it would cost 8% of GDP(not the current 16% or forecast 24%), everyone would be covered and no deductibles at all. Do the math. It is quite simply corporatized h/c.

Mon, 01/13/2014 - 20:12 | 4328951 andrewp111
andrewp111's picture

I'm surprised that the number of young is as large as it is. Wow!! I wonder how they break down in terms of income and prior health conditions. I'd bet that most of the under 34 crowd are either so high in income that buying insurance is cheaper than the penalty tax, are married to someone of high income, are already sick, or are monumentally stupid.

Mon, 01/13/2014 - 20:13 | 4328972 acetinker
acetinker's picture

I'll go with "monumentally stupid".

Mon, 01/13/2014 - 23:11 | 4329496 boogerbently
boogerbently's picture

These numbers will be "revised" down, next week.

Like all the rest.

Mon, 01/13/2014 - 20:14 | 4328973 acetinker
acetinker's picture

dup

Mon, 01/13/2014 - 20:49 | 4329065 AGuy
AGuy's picture

"'I'm surprised that the number of young is as large as it is. Wow!!"

Probably covered under their parents or got it from an employer.

 

 

Tue, 01/14/2014 - 09:15 | 4330244 Chaos_Theory
Chaos_Theory's picture

Dup.

Mon, 01/13/2014 - 20:15 | 4328978 nmewn
nmewn's picture

ROTFL!!!

Almost 80% of the much fawned over "healthy" 28-34yr olds will get a .gov subsidy...can you say crash & burn?

Mon, 01/13/2014 - 20:20 | 4328990 One And Only
One And Only's picture

Crash and burn?

Don't you mean...'according to plan'?

Mon, 01/13/2014 - 20:39 | 4329044 nmewn
nmewn's picture

Yes & no.

Everyone knows what they wanted, the first ones to propose it will get a rod shoved up their ass & slow roasted over an open fire. So who's it gonna be?

Barry's a lame duck with just skin left on the bone, not as tasty as a fresher meat ;-)

Mon, 01/13/2014 - 21:41 | 4329209 gatorengineer
gatorengineer's picture

This is EXACTLY per the plan.  No surprises here.  Broken so bad, that cough cough single payer will be the only fix....

Mon, 01/13/2014 - 20:59 | 4329098 Caveman93
Caveman93's picture

All these years my Father proclaimed that money never grew on trees...was he wrong?

Mon, 01/13/2014 - 22:16 | 4329293 Crash Overide
Crash Overide's picture

Yeah, the FED has money trees.

Tue, 01/14/2014 - 05:29 | 4330065 secured_party-c...
secured_party-creditor's picture

So does farmers....

Mon, 01/13/2014 - 20:22 | 4328996 NoWayJose
NoWayJose's picture

The real screwup with Obamacare is trying to tie healthcare to income using the subsidies. It might have worked if they offered the subsidized package to everyone, then used income tax to stick it to higher incomes. I wonder how many signees are actually new Medicaid recipients? The evolution of this mess will be a 'national plan' that anyone can enroll in.

Mon, 01/13/2014 - 21:01 | 4329109 mjcOH1
mjcOH1's picture

Of the 6 million signees......3.9 million signed up for the expanded medicaid benefits.  

2.1 million signed up for private health insurance through the exchange.

 

Even the communist news network. jaw-dropped:

http://money.cnn.com/2014/01/13/news/economy/obamacare-coverage/

Tue, 01/14/2014 - 14:37 | 4331171 SDShack
SDShack's picture

Yep, all the figures I have seen show about 2/3 of the signups are for Medicaid. Your numbers bear this out. As a result, the next battle lines to be drawn will be over the imploding risk pools. You know what's coming... a giant clusterfark that pits taxpayers against bailouts on one side, bloated insurance companies on the other side, and nervous lawmakers in the middle afraid to piss anyone off. Good luck with selling an insurance bailout in that environment. 2014 is going to be a bloodbath in so many ways for so many people. 0zer0care = Anti-matter... the gift that keeps on destroying.

Mon, 01/13/2014 - 20:27 | 4329009 wisehiney
Mon, 01/13/2014 - 20:34 | 4329029 Ignatius
Ignatius's picture

“Starting in 2014, being a woman is no longer a preexisting condition.”

Every woman I've ever dated comes with 'the wound that never heals', and I wouldn't have it any other way.

Mon, 01/13/2014 - 20:39 | 4329040 Whoa Dammit
Whoa Dammit's picture

I try to stay away from any form of "health" care these days.

Here is a good example of why I feel this way. Was helping a friend Saturday with her 95 year old Alzheimer's mother. A home health care RN had been supposed to come by & check on the mom since Thursday. When she finally showed up, the mom had on a jogging suit type jacket, which needed to be removed to check her blood pressure. The nurse grabbed her arm, held it straight out sideways and started tugging on the end of the jacket sleeve while the rest of the jacket was still on her.

 I am not letting people that stupid get anywhere near me.

Mon, 01/13/2014 - 20:47 | 4329057 OC Sure
OC Sure's picture

Are there any State's representatives saying, "No thanks, feds. We dont recognize your claim to tell our residents what to do with regards to healthcare. It's ok, we got this."?

Mon, 01/13/2014 - 20:58 | 4329094 Caveman93
Caveman93's picture

Subsidize my ride bitchez!

Do NOT follow this link or you will be banned from the site!