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PrintJanuary 15, 2014
Question for ObamaCare: Where's the money?
More numbers from Obama Care but we still don't know what the health of the program is.
According to POLITICO:
"The administration's monthly enrollment update showed 2.2 million people had picked health plans in the federal or state health exchanges from Oct. 1 through Dec. 28. It's not yet clear how many have paid their first monthly premium, a requirement before coverage can begin. An additional 3.9 million people have been deemed eligible for Medicaid.More than half of those who have signed up are between 45 and 64, an age range that tends to be sicker and costlier to cover, according to the enrollment figures released Monday by the Department of Health and Human Services."
So let me get this straight:
1. No young people, or the ones who will fund the ACA;
2. Too many older and sick people, or the ones who will very likely use the service; and,
3. We do not have official reports on the premiums collected. Is the Obama administration afraid of releasing premium info because so few have paid?
It looks to me that The Affordable Health Care Act is in very bad health. The death spiral is literally here.
P. S. You can hear my chat with Frank Burke, contributor to American Thinker about Obama Care & follow me on Twitter @ scantojr.
