On Monday, CNBC reported on a new survey that found that two-thirds of Americans currently without health insurance don't know if they will purchase coverage by the deadline, the first day of 2014. The survey was released by InsuranceQuotes.com, a company that offers comparison shopping for insurance, similar to the "marketplaces" envisioned by Obamacare. The results of the survey surprised Laura Adams, senior insurance analyst at the company:
"I was really shocked that 64 percent [of uninsured adults] said they haven't decided if they will purchase insurance by the Jan. 1 deadline," Adams said. "I was definitely surprised by the high number of people who really have no clue what they're going to do next year."
"We don't want these consumers to miss this key deadline," she said, adding that new heath-care exchanges under Obamacare will begin accepting applications for insurance in less than four months. "They're going to potentially go without health care for the entire year."
However, for those who have kept up with Congressional Budget Office (CBO) projections on the implementation and progress of Obamacare over the next decade, the results will not be all that surprising. On the contrary, the most recent report issued by the CBO in May appears pessimistic by comparison. Of the 55 million "Uninsured Nonelderly People" the report lists for 2013, only 11 million, or 20 percent, are projected to obtain insurance during 2014; the number of uninsured falls only to 44 million next year according to the CBO. This leaves a full 80 percent uninsured, significantly more than the 67 percent found by the survey.
In fact, the CBO projects that under Obamacare over the next decade, the number of uninsured will never fall below 30 million. Here are the year-by-year projections from the report:
Despite Obamacare’s mix of requirements, mandates, subsidies, and penalties, the CBO projects that the law will never be able to decrease the number of uninsured below 11 percent of the population. During the decade projected by the CBO, the percentage of uninsured nonelderly persons decreases from 20 percent in 2013 to 11 percent by 2016, but then remains there for the rest of the ten year period. Not everything in the CBO report is similarly static, however. The "Average Exchange Subsidy per Subsidized Enrollee" increases 50 percent over the same time period, rising from $5,290 in 2014 to $7,900 in 2023.
Politicowrites that Nancy Pelosi’s “drive to regain the [House] majority for Democrats is on the verge of a complete collapse.” It adds, “Democrats are expected to pick up five seats at best — a fraction of the 25 they need. On the eve of the election, some party officials are privately worried that Democrats might even lose ground and drop one or two seats to the Republican majority.” Why? In large part because Obamacare continues to haunt the Democrats, while the Democrats’ Mediscare campaign has fallen flat.
Addressing the audience at an AARP convention today, Paul Ryan declared, "The first step to a stronger Medicare is to repeal Obamacare." He explained to those in attendance how Obamacare would turn "Medicare into a piggy bank," while also putting "15 unelected bureaucrats in charge of Medicare’s future." Ryan added, "The president doesn’t talk much about what Obamacare will really mean for seniors." Why? "People don’t like it."
The Villages, Fla. “This is my mom Betty,” vice presidential candidate Paul Ryan said as he took the stage at a campaign rally with his 78-year-old mother in Florida’s largest retirement community. “She's why I'm here,” Ryan continued. “She and her grandkids are why I'm here.”
“Old age puts more wrinkles in our minds than on our faces; and we never, or rarely see a soul that in growing old does not come to smell sour and musty. Man grows and dwindles in his entirety.”—Montaigne
Before the sun had set on Mitt Romney’s choice of Paul Ryan, the Obama campaign was out with ads talking of the “End Medicare as we know it.”
Warren, Ohio Republican vice presidential candidate Paul Ryan stopped by the Original Hot Dog Shoppe here this afternoon to chat with voters and grab some lunch. The Wisconsin congressman and fitness nut chowed down on two hot dogs with onion, extra kraut and mustard, a side of small chili-cheese fries, and an unsweetened iced tea. The total bill came to $8.78, including a chili-cheese dog Ryan purchased for a reporter celebrating his twenty-seventh birthday.
Ron Paul’s aversion to monetary expansion in the middle of an economic crisis is a fringe libertarian idea—and also widely held in America’s political mainstream, including by some Fed officials. This wave of thinking seems to foreshadow a worrisome trend: the ongoing Japanization of the West.
The latest Kaiser Health Tracking Poll shows that, since the survey taken in the first month after Obamacare’s passage, the gap between those who like Obamacare and those who dislike it has swung 8 percentage points against the health care overhaul. Kaiser is an outlier poll, consistently showing greater support for Obamacare than can be found nearly anywhere else. Yet even Kaiser’s polling now shows that only 41 percent of Americans support President Obama’s signature legislation.
While some of the Republican presidential candidates continue to focus almost exclusively on the economy, Politico writes, “Medicare-aged seniors could have the biggest impact on the 2012 elections — and that’s a bad sign for the person who just overhauled their health care, according to the LA Times.”
The 60 Plus Association, a conservative answer to the American Association of Retired Persons (AARP), is out with a new ad in support of the Medicare reforms authored by House Budget chairman Paul Ryan (R-Wisc.). Watch below:
The Obama administration’s taxpayer-funded, pro-Obamacare TV ads directed toward seniors don’t seem to be working. The new Kaiser Health Tracking Poll shows that, by a margin of 27 percentage points, seniors have an unfavorable, rather than a favorable, view of Obamacare. That’s the highest margin of opposition among seniors in the 11 Kaiser Health Tracking Polls that have been conducted since Obamacare’s passage.
Even the monthly Kaiser Health Tracking poll, an outlier poll that has consistently shown far greater support for Obamacare than one could glean from almost anywhere else – for example, the Kaiser poll in July maintained that only 35 percent of Americans opposed Obamacare – is now showing big trouble looming for the Democrats.