Sunday, March 9, 2014

Train Wreck

Instapundit » Blog Archive » JAMES TARANTO: Empty Souk: The uninsured aren’t buying what the ObamaCare marketplace is selling. …: "The third phase of failure is the slow revelation that the basic economic assumptions behind ObamaCare are wrong. A new survey from McKinsey & Co., conducted in February, found that only 10% of those who lacked insurance pre-ObamaCare had signed up for an exchange plan, and that of those who had signed up, just 27% were previously uninsured.

True, those numbers were up significantly from January’s figures, 3% and 11% respectively. Still, they’re low enough that the Washington Post sums it up: “The new health insurance marketplaces appear to be making little headway in signing up Americans who lack insurance, the Affordable Care Act’s central goal.”
It’s train wrecks all the way down."