A report released on Wednesday by the House Energy and Commerce Committee states that only two thirds of those who have signed up for a health insurance plan via the Obamacare exchanges have actually paid into the system. That means that the Obama administration’s claims of sign-ups are wildly overblown.
The report states, “as of April 15, 2014, only 67 percent of individuals and families that had selected a health plan in the federally facilitated marketplace had paid their first month’s premium and therefore completed the enrollment process.” Just one quarter of those who had paid into the system were young people aged 18 to 34 – the group the Obama administration most requires to sign up in order to provide solvency to the failing system. The bulk of those who signed up came from the 35-64 age group.
The data was gathered by the committee from “every insurance provider in the health care law’s Federally Facilitated Marketplace.”
April 15 marked the end of the open enrollment period for Obamacare. As of that date, insurers stated that just 2.45 million Americans had paid their first premiums.
Secretary of Health and Human Services Kathleen Sebelius stated, “You are not fully enrolled until you pay your premium.” That did not stop the Obama administration, to media approval, claiming a full 8 million signups as of April 15. CBS News acknowledged on Thursday, “it’s unlikely the Obamacare marketplace will ever get 100 percent of its enrollees to pay their first month’s premium.”
Just 52 percent of those from Barack Obama’s home state of Illinois have paid into the system.