The deadline is less than two weeks away to get people enrolled in Obamacare. President Obama made a last-minute appeal this Thursday morning on The Ellen DeGeneres Show. His spin – moms need to push their kids who think they are invincible to sign up. Now.
That demographic of young people, age 18 to 35, is key to Obamacare, and it’s just not panning out like the Obama Administration had hoped. The minimum target percentage needed to make the numbers work is 39%. But The Daily Caller reports that only 25% of that group has signed up for Obamacare. That deficit will have a devastating effect on the cost projections previously made by the administration. The young healthy people paying into the system help are necessary to offset the costs of insuring older and less healthy individuals. That base is an underlying pre-supposition of Obamacare.
But Ellen DeGeneres did not seem to be discouraged by that fact at all. She praised Obamacare to the president on her show:
“It’s doing very, very well… you’ve got 5 million people signed up so far. [Applause] An enormous number of people have signed up, so it’s successful… Well, for people who are starting to applaud here, I think everyone’s very grateful that you did this. And I think it is important for people to sign up. It’s just better to be covered. You just never know.”
However, Goldman Sach’s says that number of five million signed up for Obamacare doesn’t actually hold up when the numbers are crunched. The reason is that a significant percentage of those who have enrolled and selected a plan under Obamacare have not yet paid their premium, and indications are that they won’t. Forbes reports Goldman Sach’s estimate that only 80% of those enrolled can truly be considered enrolled in Obamacare, having actually completed their enrollment. This would bring down the number that Ellen cited down to four million.
White House press secretary Jay Carney was asked recently how many Obamacare enrollees have actually paid, and he pointed to the Goldman Sach’s estimates.
Contrast this to the number of people who have lost their insurance due to Obamacare regulations, or whose premiums have increased dramatically, and there is little wonder why opposition to the President’s keynote Obamacare legislation remains high.
Speaker of the House John Boehner estimates that six million people have lost their coverage, and blames Obamacare, as previously reported by The Inquisitr. While that number does not account for those whose policies were reinstated after the President backtracked and opened a loophole for some to keep their insurance, the fact remains that millions of Americans have indeed lost their insurance.
Obamacare regulations are driving costs up for those who are able to keep their current policies. According to the Washington Examiner, average individual insurance has increased by 39% to $274 per month, and family coverage has gone up a whopping 56% – up from $426 per month to $663. In California, some families are paying as high as $2,604 a month since Obamacare has gone into effect.
The average age for an Obamacare enrollee is 36, prompting the President’s appeal to Ellen DeGeneres’ audience. “It gives moms some mental security that uh, eh, their kids are going to have decent care.”
There are still two more weeks before enrollment for Obamacare closes on March 31. It remains to be seen if President Obama’s appeal to the moms of America will have effect and Obamacare enrollment will hit that sweet spot of 39% of young people ages 18 to 35 signing up. It could happen. But Obamacare critics don’t advise him to hold his breath.