By: Jake Novak | Supervising Producer for “The Kudlow Report”
It was supposed to be the most burning crisis in America: the 30 million, 40 million, or even 50 million of us, (depending on which politician was screaming the loudest), who didn’t have health insurance and were clamoring to get it in order to avoid everything from bankruptcy to death.
So the Obama administration and the Democrats in Congress, gave us the Affordable Care Act. And they did it with such urgency that they didn’t care that not a single Republican in Congress voted for it, and they didn’t care that it took legislative chicanery to pass it despite the Democrat super-majority. Nope, the millions of uncovered Americans desperate for affordable health insurance just couldn’t wait any longer.
So when the Obamacare exchanges finally opened for business in October, of course the tens of millions of insurance-starved Americans stampeded over each other to sign up and finally get covered.
Except they didn’t.
The reality has been shocking even to the biggest Obamacare detractors. A McKinsey Report estimates that just 10 percent of the roughly 4 million enrollees in the ACA are people that did not previously have health insurance. Just 1 in 10!
Those 40 million to 50 million Americans just clamoring for health coverage that the Democrats have been telling us about since the 1940s have turned into just about 400,000 people who have bothered to sign up so far. And how much do you want to bet that those 400,000 will end up making up the lion’s share of the up to 900,000 enrollees who have failed to actually pay for their new coverage? (story continued below)
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