The Obama administration has stated unequivocally that the debate concerning whether or not the Patient Affordable Care Act has been a success is over. They’ve won the argument and its evidenced by the tens of thousands of Americans who have signed up on exchanges across the country.
Here’s a small glimpse into just how successful Obamacare has been.
In Georgia, where some 650,000 people are eligible for subsidies only about 220,000 applications have thus far been received. So, to start, we’re about 70% short on the originally estimated sign up rate.
Even more successful than that, however, is that of those 220,000 received applications Georgia Health News reports that at least half of the applicants have failed to actually pay their monthly premiums even though most of those people are being subsidized by the government to some extent.
Georgia insurers received more than 220,000 applications for health coverage in the Affordable Care Act’s exchange as of the official federal deadline of March 31, state officials said Wednesday.
Insurance Commissioner Ralph Hudgens, though, said premiums have been received for only 107,581 of those policies, which cover 149,465 people.
“Many Georgians completed the application process by the deadline, but have yet to pay for the coverage,” Hudgens said in a statement Wednesday.
Obamacare is, apparently, so affordable that even people receiving massive discounts on their plans via government subsidization can’t make their payments.