Tuesday, September 23, 2014

700,000 Obamacare sign-ups already dropped their coverage

"Wait a minute, it ain't free?" cry citizens of the Welfare State.
TheDC: Obamacare administrator Marilyn Tavenner admitted that several months after the open enrollment period ended, the number of paying customers has dropped precipitously.

By August 15, over 700,000 of the administration’s initial “sign-ups” had dropped their Obamacare coverage, Tavenner said in testimony to the House Oversight Committee. The administration has been advertising 8 million sign-ups since the first enrollment period ended in April.

Upon questioning, Tavenner had no details about the reason for the sharp drop, but presumably a large number of the sign-ups failed to ever pay their premiums, as many experts had predicted.
Oops.

Related link: Obamacare Architect Ezekiel Emanuel: 75 An Ideal Age To Die

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