Even If We Like ObamaCare …

Even if you are a rabid fan of the goals of ObamaCare, and there are, in fact, a number of things to like, the data concerning not only its current rollout but the data behind the plan itself should be increasingly worrying to all of us.

Let’s forget about folks not being able to register. That seems to be getting better, but not in a viable manner. One example. My co-owner at Support For Home Senior Care is what is called a Certified Information Systems Security Professional (CISSP). As such, she is fixated on security issues of systems like the Affordable Care Act Website.

So, to explore some of these issues, she created an account, starting with the user name Betty Boop. Her first discovery was that user name was taken. In fact, there were quite a few Betty Boops, with numbers appended, who had created accounts.

As she continued, she discovered that her Betty Boop account could actually have several different Social Security numbers. There appears to be no real validation, not just of the “right” number for this particular Betty Boop, but that she could have multiple SSNs. Interesting.

There are other security concerns that we feel are of concern, but if one is not worried about identity theft, …

The latest stumper, for me, is some data that I read yesterday that has me asking, “Did these folks never take any statistics classes?” What is the issue, you ask? Here is the first part of the story:

WASHINGTON –  Insurers have raised concerns that too few young people are signing up for heath insurance through the ObamaCare exchanges after newly released statistics showed that less than a quarter of people who have enrolled are between the ages of 18 and 34.

According to the numbers released Monday by the U.S. Department of Health and Human Services, only 24 percent – or 489,460 – of the 2.2 million people who signed up for ACA were in the coveted 18-to-34 age range.

OK, so that is interesting, but why is that an issue? Well, here is the first part of the answer:

Experts have predicted that the program will need roughly 40 percent of enrollees to be in that prime demographic in order to be fiscally solvent. Adults ages 55 to 64 made up 33 percent of the total number of Americans who signed up, the largest group represented in the data.

Ah. So, if only 24% of the folks signing up are in that critical 18-34 age group, we – the folks who will ultimately foot the bill for ObamaCare are in bad shape.

Dollar Signs

But, wait, there’s more! The President’s folks say that statistic is really not a problem. Why is that, if the financial analysts say the mix has to be 40% folks 18-34? And the answer is…

Administration officials, though, were upbeat in describing the numbers Monday. They said they’re in a “solid place,” and noted that this age group makes up just 26 percent of the general population.

Oh. So, it is okay that the folks who signed up include about 24% in the 18-34 range, because you will NEVER get to 40% of the enrollees being 18-34, because that group is only 26% of the population! So, the designers of the program either cannot count or did not care that funding of ObamaCare within the program was not even possible.

Folks, this is not about politics or whether everyone should have health insurance or the color of the state you live in or anything except the fact that it appears a rather cruel trick has been played on us by the folks who are supposed to be “governing” us. So, look for even higher premiums, once the dust settles, and/or higher taxes to subsidize a plan that cannot fund itself.

For those of us who run business impacted by the employer mandate – and the desire to provide insurance to our employees – the picture just keeps getting uglier and uglier.

With that, I will extend my best wishes. Bert



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