Of course “ICYMI” is internet shorthand for “In Case You Missed It“. And in case you missed a couple of things I found interesting I thought I’d throw them up here.
According to the White House, 79% of those enrolled in Obamacare need subsidies because they cannot otherwise afford the premiums that have, in some cases, nearly doubled. Only 21% did not need subsidies.
As Businessweek noted, people “earning up to four times the poverty rate—as much as $96,000 a year for a family of four”—can get Obamacare subsidies from the federal government.
79%. That’s right, 79%. And why do they need subsidies? Because they can’t afford their insurance premiums anymore. And why can’t they afford their insurance premiums anymore?
Oh, and here’s a great chart on something else you might have missed:
Yes, that’s right … when all is said, done and figured, the real unemployment rate is around 11%, not 6.7%. No wonder those 79% need subsidies.
I threw that in because this is the state of the job market and that has an effect on who is going to enroll in this boondoggle of a government program. But right now, it appears young people – you know, the one’s Obama et al are counting on paying for this – aren’t enrolling.
But hey, is the White House worried? Nah, they – as usual – have it all figured out:
About 30 percent of new enrollees are under 35. White House officials say that’s an acceptable mix, and they expect more young people to come on board closer to the March 31 deadline. “We think that more and more young people are going to sign up as time goes by, based on the experience in Massachusetts,” Gary Cohen, deputy administrator at the Centers for Medicare and Medicaid, said on a conference call with reporters. “We’re actually very pleased with the percentage that we have right now, and we expect that percentage to increase.”
This is the usual whistling past the graveyard this administration is so prone too. They have no idea what will happen. They “think” more will sign up.
Uh huh …
ObamaCare says it needs an enrollment of 38% of youth to pay for this monstrosity. 24% are enrolled. And, apparently knowing youth better than I do (“Insurance? I”m not sick. Beside, I want that new 60″ TV.”) they’re sure they’ll make the time and effort to enroll and throw their money into the pit before March.
Not going to happen. I’d suggest those who are going to enroll have, for the most part, enrolled.
Of course that doesn’t mean the administration won’t claim to have 38%. But I’ll remind you they also claim unemployment is at 6.7%