Eh, it'll pay for itself, right? Ahh, the welfare state...
Here's more from...Chicago?!
ChicagoTribune: This week the reality of the ObamaCare roll-out appeared in a set of news stories that serve as an ironic juxtaposition. Over 500,000 individuals have seen their insurance policies cancelled in just 3 states. In all 50 states, only 476,000 applications have been "filed" in an exchange. (Even though we are still learning the true definition of "filed.")
As I have tracked enrollment by states, many are reporting out both Medicaid and exchange enrollment at the same time.
Therefore the 476,000 number is misleading. My best guess is that for the 17 states that have reported out some data, the number is closer to 193,818 applications (once you pull out he Medicaid applications that have been reported on). Of course, this number is also still too high as it is compromised by the jointly reported data.
What becomes clear, is that the federal exchanges in 34 states are accounting for a single digit percentage of the accounts being filed.
A significant portion of the Medicaid enrollees are for those that were currently eligible, but not previously enrolled. (All 56,000 in Oregon, in fact.) As a result, this population is not eligible to receive the higher ACA federal reimbursement rate, and state taxpayers will be paying more for their coverage. A point I have yet to see reported by the media since October 1 open enrollment began.
