Friday, November 8, 2013

The Insurers Are In Deep Trouble. Deep, Deep Trouble; The Road To Hell Is Paved With Good Intentions

Gallup: almost 80% of the uninsured are rejecting ObamaCare.
A new Gallup poll brings more terrible news for President Obama and his signature health plan, showing that only 22% of uninsured Americans intend to buy insurance through the ObamaCare exchanges.
One of the major selling points for using ObamaCare to disrupt our health care system (that polls showed up to 80% of Americans were satisfied with) was to insure the uninsured. But according to this poll, only a very small minority of that small minority is even interested in obtaining insurance.
Even more troubling is the realization that a month ago, that number was double; a full 44% of the uninsured said they would purchase insurance though the exchanges.
Over the course of a month, however, the reality of ObamaCare scared off half of that 44%. The high cost of premiums, the high deductibles customers have to pay regardless of any tax subsidy, and the unforgivable bungling of the rollout only discouraged those who we blew up a perfectly good health care system to help.
The worse news is that you can bet that the 22% who do intend to sign up are made up of the oldest and sickest among the uninsured. Meanwhile, the 78% who are uninterested in being insured are likely the youngest and healthiest.
By the way, the operative word in that story above is "intend." The road to hell is paved with good intentions. Coined by Saint Bernard of Clairvaux, the meaning of the phrase is that individuals may have the intention to undertake good actions but nevertheless fail to take action.

The article may or may not discuss the reasons -- I did not read any more of the article than what I posted, but here are the top reasons by folks won't enroll:
  • the smart, tech savvy folks know that security is the #1 reason not to get close to providing sensitive data to the government website; it's worth the $95 penalty to protect one's privacy
  • the low-information crowd, non-tech savvy folks a) don't even know about ObamaCare; and, b) wouldn't know how to enroll on-line even if they did
  • the young and healthy -- a huge segment of the US population -- won't spend $400/month subsidizing their elderly, sick parents
  • those who actually get past the first few pages of the healthcare.gov website are shocked by the $12,500 deductibles, even if they qualify for the subsidies
So, let's see:
  • sticker shock
  • lack technical skills to enroll or understand the system
  • the system is unsafe (even Consumer Reports said "stay away")
  • healthy folks will pay the $95 penalty rather than the $400/monthly premium with $12,500 deductibles
Bottom line: every demographic group has a reason not to enroll

Jay Leno should ask the "man on the street" if he/she has even heard of ObamaCare. LOL.

Jaywalking, Jay Leno

Fortunately these students will be on their parents' discontinued policy until age 26.

This person, unfortunately, is too old to be on her parents' discontinued policy:

Can This Individual Be That Dumb?

Something tells me she has not yet enrolled.

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