While the Obama Administration and its supporters crow about the 7.1 million enrollment numbers for ObamaCare, the National Center’s Dr. David Hogberg could not figure how things logically add up as he went over the numbers with Fox Business Network managing editor and lead anchor Neil Cavuto.
Wondering “at what cost” these enrollment numbers were obtained, David and Cavuto discussed how ObamaCare has not substantially reduced the number of uninsured (two-thirds of enrollees were previously covered elsewhere, leaving only about 1.2 million net new paying enrollees) and how many still must pay for the plans they selected on the exchanges.
David suggested that ObamaCare is more about “political control” as it appears to seek to create a new middle-class entitlement.
This conversation appeared on the 4/3/14 edition of the “Cavuto” program.
From David Hogberg:
At about 6:01 in the clip, the Fox News Channel posts the statistic that 600,000 19- to 25-year-olds gained coverage under ObamaCare by getting on their parents’ insurance.
Unfortunately, that’s not correct.
The statistic comes from my recent study on the bogus statistic that 3.1 million young adults have gained insurance through their parents’ plans In it, I noted that an initial look at the data shows it should be 2.8 million young adults who’ve gained coverage that way. I then note that updating the analysis with the more recent data reveals the “number of insured 19-25-year-olds had declined by the third quarter of 2012. Private coverage had dropped by 2.1 percent. Multiply that against the roughly 30 million 19-25-year-olds in the U.S. in 2012, and the number of young people on their parents’ policies declined by about 600,000, to 2.2 million.”
That’s probably where the Fox News Channel got the 600,000 figure from. As I show later in the study, the Census Bureau shows that at most 258,000 young adults gained insurance through their parents.
Ultimately, I wouldn’t have put up any number on this part of ObamaCare since I think all of the numbers on this are too unreliable.