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Tuesday, November 26, 2013

ObamaCare Running Smooth: Colorado ObamaCare Sign-ups is Half of State's Worst Case Scenario


"You know, if it wasn't for the GOP, the Tea Party, and other racists, ObamCare--- I mean, the Affodable Care Act-- would be a rousing success. It's their fault that all the American people are not bending to the Light-Bringer's  will."

What?! You mean those "Brosurance" and "Party Girls" ads didn't work?!

From The Denver Post article by Michael Booth (via JWF):

Enrollment in the Affordable Care Act through Colorado's health insurance exchange is barely half the state's worst-case projection, prompting demands from exchange board members for better stewardship of public money. 
The shortfall could compromise the exchange's "ability to deliver on promises made to Colorado citizens" and threatens the funding stream for the exchange itself, according to board e-mails obtained by The Denver Post in an open records request. 
The exchange, meant for individuals and small groups buying insurance, had projected a lowest-level mid-November enrollment of 11,108, in a presentation to a board finance committee. The exchange announced Nov. 18 that it had signed up 6,001 Coloradans so far.  
The midlevel scenario for November was 20,186 members, and the highest projection 30,944 members. [Heh. Right...] 
As federal startup grants taper off under Obamacare funding, the exchange is meant to pay for itself with per-member charges on the private insurance companies offering policies. It needs 136,300 enrollees in 2014 to raise $6.5 million of its $51.4 million expenses.  
[...]  
The exchange has not hit either internal projections or those made earlier by consultants supportive of the Affordable Care Act, said board member Dr. Mike Fallon, a conservative voice on the board who calls the act overly complex and expensive. 
"None of this surprises me," Fallon said of the shortfall. "I don't know what we as a board could have done. Health insurance is a difficult product to sell." [emphasis mine]

So the Colorado exchange won't be able to pay for itself so it will have either collapse, raise taxes to pay for it thus subsidizing people's medical insurance even further, or be bailed out by federal funding. And they haven't even started yet. I mean it usually takes a little time before a federal program starts running this far in the red. I guess Colorado is too racist... or something.

Quite a success story, this ObamaCare. Quite a success...

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