Yesterday it was revealed that the administration has failed to hit its targets for ObamaCare enrollees. Remember that the entire system is predicated on the notion that young people sign up in great numbers, subsidizing older participants. But that isn't what is happening. Uh oh!
Before the disastrous launch of the ObamaCare exchanges in October, the administration said it needed 38 percent of all enrollees to be young people between the ages of 18 and 35 years old. The numbers released yesterday in an official report show that only 24 percent of current enrollees are young Americans.
Read this sentence from Reuters: “The new private health plans available under ObamaCare drew in fewer young and healthy Americans than needed for the administration to make healthcare reform a market success in the first wave of enrollment.”
This is what happens when government tries to dictate behaviors. What did politicians and bureaucrats really know about healthcare “market success” when drafting ObamaCare? The free market, with choices and freedom, works better than government mandates and regulations. ObamaCare won't be a market success, and some claim it never was meant to be. Whatever you may believe, the fact is that the promise of lowered costs, keeping your plans, your doctors and less spending was all a sham.
Oh and by the way, 79% of the people who have signed up for ObamaCare will be receiving taxpayer subsidies. Where is all of that money going to come from? You, the taxpayers! ObamaCare is nothing more than another government wealth redistribution scheme.
Jamie Dupree has more details on these healthcare enrollment numbers, which you can read here.