Monday, December 30, 2013

Obama administration announces net loss of at least 3 million insurance plans

 Obama administration announces net loss of at least 3 million insurance plans

The White House used a Sunday morning statement to admit that only 1.1 million people have used the federal Obamacare website to sign up for the president’s healthcare network by Christmas Day.

News reports and advocacy websites say roughly 1 million people have enrolled with health-benefit companies via state websites, including 400,000 in California and 157,000 in New York, by the Dec. 24 deadline, which allows coverage starting Jan. 1.

The 2 million federal and state signups are roughly two-thirds the planned goal of 3.3 million enrollments by Dec. 31. They’re also only one-third  of the 7 million customers sought by March 31.

The total reported signups are at least 3 million fewer than the 5 million people whose health-insurance policies were  cancelled prior to Christmas by President Barack Obama’s ambitious tax-and-healthcare scheme.

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