House Republicans today said data they have amassed from all insurers participating in the federal Obamacare exchanges show only 67 percent of those who signed up have paid their first month’s premium and thereby enrolled, far below the estimate by HHS Secretary Kathleen Sebelius that 80-90 percent had paid.
What’s more, only 25 percent are age 18-34, well below the 40 percent said to be required for the program to succeed financially.
According to the the House Energy and Commerce Committee
Data provided to the committee by every insurance provider in the health care law’s Federally Facilitated Marketplace (FFM) shows that, as of April 15, 2014, only 67 percent of individuals and families that had selected a health plan in the federally facilitated marketplace had paid their first month’s premium and therefore completed the enrollment process. Nationwide, only 25 percent of paid enrollees are ages 18 to 34.
On April 17, 2014, President Obama declared the success of his law, claiming that 8 million Americans had signed up for health insurance, but data from the insurance providers reveals that the president’s figure is largely misleading. As of April 15, 2014, insurers informed the committee that only 2.45 million had paid their first month’s premium for coverage obtained through the federally facilitated marketplace.
Sebelius offered her estimate March 31, when the tabulation was at 6 million signups, so it’s possible there is a lower enrollment rate among more-recent signups.
So if the GOP numbers are correct, then even two weeks after Obama’s April 1 victory dance in the Rose Garden, in which he boasted of 7 million signups, the number actually enrolled is 5.55 million.