It’s official: Obamacare debuts with more canceled plans than enrollments
The Obama administration has yet to announce the final tally of full enrollments, which are only confirmed once customers have made their first payment, but Cato Institute health policy expert Michael Cannon warns that not all those who signed up will complete their purchases, potentially leaving the White House with an even lower bottom line.
Even without the full number of enrollments, Obamacare’s current net effect is clearly in favor of cancellations.
While attempts to fix the cancellations are floundering, the Obama administration is backtracking on their enrollments goals as well. White House officials have now abandoned HHS Secretary Kathleen Sebelius’ benchmark of seven million enrollment by March 2014. Instead, Obama emphasized that it’s Obamacare’s net effect that matters most. (RELATED: White House denies promising seven million Obamacare signups: ‘That was never our target number’)