Posted by Trent Telenko on December 11th, 2013 (All posts by Trent Telenko)
Allahpundit over on the HotAir blog has a post up titled “Uh oh: Only 5-15% of enrollees have paid their first month of premiums in some ObamaCare plans” that has some hugely interesting numbers regards the payment rate for those who have signed up for Obamacare to date.
There are 365,000 enrollees in Obamacare thus far. Only 15% of them have paid for their 1st month of healthcare insurance. This means _AT BEST_ less than 55,000 of the 365,000 who have enrolled will have insurance come January 2014.
The individual healthcare market prior to Obamacare was over 7 million people holding policies.
That works out to 0.7% of the individual policy holders that had old pre-Obamacare private health insurance policies, who have renewed their policies under Obamacare, given a 15% payment compliance rate. Remember, that is the _BEST CASE_ It may be as little as 1/3 that compliance number and percentage.
There are less than 30 days for the other 99.3% of the individual healthcare market to get an Obamacare policy.
I wonder what odds Las Vegas bookies would give for an Obamacare paid policy rate 10% of the old individual healthcare market, AKA Obamacare policies for 700,000?