Obama Gets The WORST News Of His Presidency

Share This Story

There’s nothing Barack Obama is prouder of from his presidency than his precious Obamacare. That’s why it came as devastating news to him this week when it was finally exposed as a massive failure.

Take that, Obama!

Will anyone ever admit that Obamacare has failed? The Associated Press and CBS New York reported last night that just a few months after the Obama administration bragged about enrolling 12.7 million people through the Obamacare exchanges for 2016 — still far below initial projections for Year Three — 1.6 million people dropped out after the first quarter. The 13 percent declinesets the levels back close to last year’s levels of enrollment.

Recall that even the initial levels of enrollment only went half-way to initial projections. In March, Brian Blase reminded readers at Forbes of the projections from both government and private analyses for enrollment by the 2016 term. He also predicted the retreat:

When the ACA passed in 2010, government and private research organizations projected between 21 and 27 million exchange enrollees in 2016. The Congressional Budget Office (CBO) projected 21 million enrollees, the Urban Institute projected 23.1 million, the Centers for Medicare and Medicaid Services projected 24.8 million, and the Rand Corporation projected 27 million.

During this year’s open enrollment, 12.7 million people selected plans. Since many people who select plans fail to effectuate enrollment by paying premiums and there was large attrition in net exchange enrollment during both 2014 and 2015, there will likely only be about 10 million exchange enrollees by the end of the year and only about 11 million enrollees, on average, in 2016.

SHARE this story if you HATE Obamacare!

Share This Story

What do you think?