Here's the deal. One of the keys to determining whether or not Obamacare is/will work is looking at the number of enrollees. The original estimates of what were needed were rather significant and obviously unobtainable, so Team Obama quickly downgraded that number significantly. The MSM put on their amnesia caps and ran with that new number, pretending the original number never existed. The new number required that Obamacare enroll more than 8 million people in the first year and then 15 million in the second.
Well, the best Team Obama could do in the first year was a fake number around six million, so they blurred this number with people being added to Medicaid, which was never part of the projection. Combining those numbers, they just barely beat the 8 million number and declared victory. Then they just started making stuff up, claiming that 16 million or more had really signed up. Most recently, they claimed that 32 million were signed up through the exchanges (and Medicaid) and thus the program was a smashing success. Eat it, doubters!
The problem was that there was no way to verify any of this and the MSM was busy putting out their own fake studies to confirm all the BS Team Obama was spewing. Hence, no one knew what was really going on, but the MSM was busy painting the program as a stunning success.
Now we can prove differently.
According to some recent polls, which the left is touting, the percentage of uninsured adults in the US "is at a record low of 11.9%, down from 18% in 2013." Ok. Let us now consider what this means, shall well. First, the 18% figure is obviously fake. Eighteen percent of the population works out to around 57 million people. That's not a true figure. The number of uninsured has been steady at right around 43 million. That is the number that was used to sell us in the need for the program and that is the number that has come up time and again as "those without insurance." So the 57 million figure is a lie. But what interests me is not that figure. Look at the other figure: 11.9%. That works out to just over 38 million people. Subtract 38 million from 43 million and you get 5 million people. That means that since the passage of Obamacare, only 5 million more people got insurance... not 8 million, 9 million, 16 million or 32 million... just 5 million.
What's more, many of those are new Medicaid enrollees. I can't say for sure, but I estimate about 3 million fall into this category based on date Team Obama originally released. What that means is that only 2 million NEW people signed up for private insurance. The rest in the exchanges are people who previously had insurance and just jumped to the exchanges.
That is a HUGE failure of Obamacare's original purpose.
What's more, despite hearing that young people signed up in amazing numbers that were much higher than anyone expected... oh thank the Maker!, we now know that young people signed up at a rate that is 41% below the target rate. That means the program is not self-sustaining.
We also know, by the way, that 10% of the total premiums paid to insurers in the program last year were transfer payments from the government to insurers to balance out unexpectedly high costs run into by insurers in the people they enrolled. That means that the population of enrollees is 10% sicker/more expensive than expected.
None of this bodes well for the health of the program. It doesn't mean the program will die, but it means that it will cost a lot more than expected and it hasn't really put a dent in the number of uninsured. That's a major fail.