Uh oh: House committee claims only two-thirds of federal ObamaCare enrollees paid first premium by April 15

posted at 7:01 pm on April 30, 2014 by Allahpundit

And you know what that means: No money, no coverage, which means the widely touted figure of eight million enrollments that Barack “Mission Accomplished” Obama’s been pushing lately is flatly bogus. Anyone who hasn’t paid by the end of the grace period offered by their insurer — and some of those grace periods were undoubtedly extended beyond April 15th, the cut-off date for this analysis — will be tossed from the rolls.

The figure that’s been cited for months on payment rates is 80 percent. The Energy and Commerce Committee claims it’s actually significantly lower, at least when it comes to enrollees on the federal exchange, i.e. Healthcare.gov. As you read, focus on the following question. Why couldn’t HHS have calculated this?

Data provided to the committee by every insurance provider in the health care law’s Federally Facilitated Marketplace (FFM) shows that, as of April 15, 2014, only 67 percent of individuals and families that had selected a health plan in the federally facilitated marketplace had paid their first month’s premium and therefore completed the enrollment process. Nationwide, only 25 percent of paid enrollees are ages 18 to 34

On April 17, 2014, President Obama declared the success of his law, claiming that 8 million Americans had signed up for health insurance, but data from the insurance providers reveals that the president’s figure is largely misleading. As of April 15, 2014, insurers informed the committee that only 2.45 million had paid their first month’s premium for coverage obtained through the federally facilitated marketplace. While the administration has relied on questionable nationwide figures to boast the law’s success, the state-by-state breakdown compiled by the committee underscores the serious problems facing some states…

“In a sad reversal away from its vows of transparency, the Obama administration, from inside the Oval Office on down, has gone to extraordinary lengths to keep basic details of the health law from the public. Tired of receiving incomplete pictures of enrollment in the health care law, we went right to the source and found that the administration’s recent declarations of success may be unfounded,” commented full committee Chairman Fred Upton (R-MI). “We need a complete picture of how this law is working. We will continue to strive for transparency and hold the administration accountable for this law’s shortcomings and broken promises.”

One big caveat here: Because they’re only looking at states that use the federal exchange, they’re missing the numbers from states that run their own exchanges — which include hugely populous behemoths like California and New York. If those states are seeing higher rates of payment, for whatever reason, then the payment rate nationally is actually higher than this. We’ll need to wait and see. If the payment rate in those states isn’t higher then the number of true, paid enrollments nationally is something on the order of 5.36 million, more than two and a half million less than the number Obama’s been waving around. As for the age breakdown among those who paid:

Under 18: six percent;
Ages 18 to 25: 10 percent;
26 to 34: 15 percent;
35 to 44: 16 percent;
45 to 54: 23 percent;
55 to 64: 29 percent;
65 and older: 1 percent.

That’s not disastrous for the White House, I think. They’ve got 31 percent overall who are paid up aged 34 or younger; I remember reading somewhere that they could probably function reasonably well as long as there are no fewer than 25 percent of “young invincibles” in the risk pool. It’s probably also true that young adults are overrepresented among the one-third of sign-ups who haven’t paid yet. Logically, older people who need insurance more desperately than younger people do will be scrupulous about making their payments on time to guarantee that the coverage is in effect. If the White House can do something to give young deadbeats more time (and incentive) to make their payments, they can probably tilt the risk pool a bit younger than it is right now. Which means those grace periods for payment that insurers have extended are likely to be extended quite a bit longer.

Exit question: How many of 2.45 million paid enrollees on the federal exchange were previously uninsured?

Update: Pretty much, yeah.


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To put it another way…

In Alaska, 8% of those who paid were under 18, 7% of those who paid were between 18 and 25, 19% of those who paid were between 26 and 35, 16% of those who paid were between 35 and 44, 21% of those who paid were between 45 and 54, 29% of those who paid were between 55 and 64, and 0% of those who paid were older than 64.

The confusion came in with poor labeling. A nice, fat line between the two halves of the table would have been helpful.

Steve Eggleston on April 30, 2014 at 9:04 PM

From the other day
 

The number of Georgians who have applied is still far short of the estimated 650,000 who are eligible for subsidies in the health insurance exchange.
 
http://www.georgiahealthnews.com/2014/04/georgia-exchange-applications-hit-220000/#sthash.gRIuiM5p.8f8suq56.dpuf

 

They only got 33% of those estimated to apply (vs. enroll). Only 16% of the estimated 650K enrollment paid/actually enrolled. Using those numbers, actual Obamacare enrollment is less than 1.5M.
 
Notice also that those are folks who are eligible for subsidies, and they’re STILL not buying it…
 
rogerb on April 26, 2014 at 7:12 PM

 
I bet I’m not far off, and I bet unique and previously-uninsureds only make up 400K-500K of that total.

rogerb on April 30, 2014 at 9:04 PM

Seems about right. 66%? How many Americans just asked for tax extensions?

libfreeordie on April 30, 2014 at 7:26 PM

You went to Harvard, right?

TinFin on April 30, 2014 at 7:54 PM

Yeah, but it’s probably not the same one you’re thinking of, Fin.
His was spelled Harverd, and is next door to Dr. Nick Riviera’s “Hollywood Upstairs Medical College”

a5minmajor on April 30, 2014 at 9:04 PM

How many Americans just asked for tax extensions?
 
libfreeordie on April 30, 2014 at 7:26 PM

 
110%.
 
rogerb on April 30, 2014 at 8:17 PM

 
Have you filed for an extension?
 
Electrongod on April 30, 2014 at 8:25 PM

 
Just another “math for non-science majors” joke. Do you want to field this one for us, professor?
 

What part of “the federal government pays 100% of the costs and the state pays 10% of the cost in ten years” do you not understand?
 
libfreeordie on August 28, 2013 at 3:13 PM

 
Math is mildly racist, though. 10% or so at least.

rogerb on April 30, 2014 at 9:06 PM

How many 18-34s who signed up were not the healthy ones?

Sekhmet on April 30, 2014 at 9:06 PM

Now I’m confused again.

At least some State numbers are pretty easy to calculate, like Oregon.

wolly4321 on April 30, 2014 at 9:00 PM

I say we rename Oregon “The Late State of Blutarsky”.

Steve Eggleston on April 30, 2014 at 9:09 PM

How many 18-34s who signed up were not the healthy ones?

Sekhmet on April 30, 2014 at 9:06 PM

That is a very good question. As far as males I would guess the majority were unhealthy. Healthy males of that age don’t do much long range planning – on their own, anyway.

kcewa on April 30, 2014 at 9:11 PM

I say we rename Oregon “The Late State of Blutarsky”.

Steve Eggleston on April 30, 2014 at 9:09 PM

Fitting since that’s where Animal House was filmed.

kcewa on April 30, 2014 at 9:13 PM

Ummm, raaaaacism or something

oscarwilde on April 30, 2014 at 9:14 PM

Steve Eggleston on April 30, 2014 at 9:09 PM

BTW,, you provide a great service here. Thanks.

wolly4321 on April 30, 2014 at 9:17 PM

BTW,, you provide a great service here. Thanks.

wolly4321 on April 30, 2014 at 9:17 PM

Thanks. I’m a commenter at heart, even though I get “shanghaied” onto the long-form writing side of this place every so often.

Now, can I work an Animal House reference into Friday’s jobs report?

Steve Eggleston on April 30, 2014 at 9:26 PM

can I work an Animal House reference into Friday’s jobs report? Steve Eggleston on April 30, 2014 at 9:26 PM

Belushi in “1945″ with the ferris wheel taking a swim might work.

wolly4321 on April 30, 2014 at 9:34 PM

Everyone on this site is sooo racist.
The president has been way too busy filling everyone’s gas tanks, and paying their mortgages, to really focus on also paying their premiums.
Wait . . . he HAS arranged for the subsidized to have their premiums paid, by everyone else. But unfortunately it’s looking like a third of the payers have not done their part to subsidize the subsidized.
Oh well , he can always sick the IRS on them.
That’s the way this gang rolls.

builderD on April 30, 2014 at 9:34 PM

Belushi in “1941″ with the ferris wheel taking a swim might work.

wolly4321 on April 30, 2014 at 9:34 PM

But do I want to give Spielberg props?

Steve Eggleston on April 30, 2014 at 9:49 PM

Now, can I work an Animal House reference into Friday’s jobs report?

Steve Eggleston on April 30, 2014 at 9:26 PM

Sure, as long as it’s “You effed up, you trusted us”.

HumpBot Salvation on April 30, 2014 at 10:18 PM

The WH gives the GOP the old FU, and the Lapdogs provide coverage.

We need a bloodletting.

socalcon on April 30, 2014 at 10:33 PM

Seems about right. 66%? How many Americans just asked for tax extensions?

libfreeordie on April 30, 2014 at 7:26 PM

Because the IRS lets you pay $95 instead of a whole year’s taxes, as they are completely identical things.

Chuck Schick on April 30, 2014 at 11:13 PM

No need to worry – Rand Paul and Cathy McMorris Rodgers want to “fix” obamacare, because it would take just too much effort to repeal it.

Pork-Chop on April 30, 2014 at 11:13 PM

One of the ways the White House is misleading on this is by counting all the new Medicaid enrollees – who pay nothing – in with those buying coverage, then figure they are “paid up” since they owe nothing.

If the numbers were even close to what they have claimed, they would have released them. We probably will NEVER get honest numbers from Obama. He’s determined just to lie his way through the second term, and screw the country, he will take vacations and play golf and have parties and moon us.

Adjoran on April 30, 2014 at 11:22 PM

One of the ways the White House is misleading on this is by counting all the new Medicaid enrollees – who pay nothing – in with those buying coverage, then figure they are “paid up” since they owe nothing.

If the numbers were even close to what they have claimed, they would have released them. We probably will NEVER get honest numbers from Obama. He’s determined just to lie his way through the second term, and screw the country, he will take vacations and play golf and have parties and moon us.

Adjoran on April 30, 2014 at 11:22 PM

Yep, that too. Medicaid is not “health insurance”.

slickwillie2001 on April 30, 2014 at 11:36 PM

Your post and timing are impeccable as always.

Carry on!

Vero Beach Florida on April 30, 2014 at 7:15 PM

Just saw this, VBF. Thank you and cheers!

Schadenfreude on April 30, 2014 at 11:49 PM

What are the odds that CA won’t release their numbers until at least the 2nd week of november?

hurricane567 on May 1, 2014 at 12:31 AM

Why are you wasting our time with these stories???
ObamaCare is the law of the land and cannot be repealed!!

/s

redguy on May 1, 2014 at 12:41 AM

What are the odds that CA won’t release their numbers until at least the 2nd week of november?

hurricane567 on May 1, 2014 at 12:31 AM

Or how about never?

California is in full communist mode…..they will need to start building a wall to keep the peasants inside their borders.

redguy on May 1, 2014 at 12:43 AM

How many 18-34s who signed up were not the healthy ones?

Sekhmet on April 30, 2014 at 9:06 PM

That is a very good question. As far as males I would guess the majority were unhealthy. Healthy males of that age don’t do much long range planning – on their own, anyway.

kcewa on April 30, 2014 at 9:11 PM

Most 18-34 year old people are idiots. They say “I am healthy”….I don’t need insurance.
Tell that to the paramedics when they are cutting you out of a car after you are hit by a drunk driver.

redguy on May 1, 2014 at 12:45 AM

the state-by-state breakdown compiled by the committee underscores the serious problems facing some states…

Ages 18 to 34:

Arkansas 20%
Arizona 19%
Delaware 21%
Maine 20%
Ohio 21%
West Virginia 16%

Is this in bail-out territory?

lynncgb on May 1, 2014 at 2:12 AM

Now, can I work an Animal House reference into Friday’s jobs report?

Steve Eggleston on April 30, 2014 at 9:26 PM

Paraphrasing the White House basement trolls each month:

“Will [these numbers] work?”

“Hey, it’s gotta work better than the truth.”

MrKleenexMuscles on May 1, 2014 at 4:48 AM

Glad to see the above average people of HotAir are asking the real questions, getting the real answers for themselves and not just rolling over on the miss directions provided to them.

It is the proper question that prevents the cockroach in Washington from running and hiding.

To believe in a National Affordable Health Care is a noble cause.
It is this Administrations implementation that is just so wrong. What most posters seem to be eluding to is the acquisition costs of new enrolls. This is rapidly approaching $2M each. A total unbelievable cost.

The only way I can see to correct this is to not be blinded by the lies and miss directions and get rid of every one that perpetrated this fraud on “We The People”.

jpcpt03 on May 1, 2014 at 5:47 AM

Obama sucks. Look, someone had to say it.

WhatSlushfund on May 1, 2014 at 6:14 AM

Prohibition is the law of the land; it can’t be repealed!

Everybody knows laws can’t be changed because… well, they’re laws and stuff already. You gotta pass a new one, I think. Once it is one, then it is one, isn’t that right? I think that’s right.

Wait, I think I got a bad batch of moonshine. I need to lie down.

IndieDogg on May 1, 2014 at 6:30 AM

Wait, did we say we signed up 8 million? We meant 12 million. So even if 2/3 didn’t pay their premium, we’re still at our 7 million goal.

SUCCESS!

But seriously though, wait until one of those “the HHS Secretary shall” things turns into a garnishment action for anyone in the federal exchange that misses their premium payments.

And it will happen, just wait and see.

ButterflyDragon on May 1, 2014 at 6:41 AM

Why do the House Republicans care, they’ve given up on getting rid of it anyway, they just want be the ones running it.

clippermiami on May 1, 2014 at 7:00 AM

No one cares, no one can do anything about it.

albill on May 1, 2014 at 7:02 AM

Now, can I work an Animal House reference into Friday’s jobs report?

Steve Eggleston on April 30, 2014 at 9:26 PM

Remain calm…all is well!

22044 on May 1, 2014 at 7:24 AM

Doesn’t matter – the White House will lie anyway.

Philly on May 1, 2014 at 7:43 AM

He’ll keep spiking that flat football.

What this is going to cause is a death spiral in the insurance marketplace causing LOTS MORE to lose insurance because the prices are going to (necessarily?) SKYROCKET…

ConstantineXI on May 1, 2014 at 7:47 AM

Why do the House Republicans care, they’ve given up on getting rid of it anyway, they just want be the ones running it.

clippermiami on May 1, 2014 at 7:00 AM

We will never reduce the size, scope, and power of DC by sending people to it.

Reduction in government will have to be imposed from without. Preferred method: Article V convention. Last Resort: 2nd Amendment “convention” in DC.

ConstantineXI on May 1, 2014 at 7:48 AM

[***WHISTLE***WHISTLE***WHISTLE***]

Oh hey! Look! A graveyard!

blammm on May 1, 2014 at 7:49 AM

Add to that number the people who paid for the first month and then didn’t pay any more.

I have already received a number of letters from Blue Cross saying the patients are in their 60 – 90 day grace period. They are eligible for subsidies, but have not paid their share after the first month. I will not be paid for those visits and I am sure that the patients won’t pay cash if they are not going to pay their premium.

Thus after 30 days in the exchange, I termed my contract, but it is like the roach motel. Normal plans have a 90 day phase out when you terminate. With the exchange, it is 180 days before I am free of it’s tentacles

txdoc on May 1, 2014 at 8:04 AM

Relax, it’s not the fall that will kill us.

Bishop on May 1, 2014 at 8:20 AM

So enjoy the ride down.

Bishop on May 1, 2014 at 8:20 AM

YOU LIE.

Good Lt on May 1, 2014 at 8:27 AM

The whole thing is a scam for money for the government to spend on what they want and our health is not one of the things. The government is so top heavy they are running out of funds to carry the employees, Google (list of federal agencies) there’s about 1300 of them and worth your time to just read the titles. Consider the WH wanting to make the Inter-State Highways toll roads, tobacco money is drying up too.

mixplix on May 1, 2014 at 8:51 AM

So it turns out that only 2.5 million actually bought insurance through the exchanges, and just about all were probably booted from their previous plans…this calls for another Obama victory lap! And 100% rate increases for 2015 as insurers scramble to cover their a$$es since the young invincibles aren’t doing it for them.

NotCoach on May 1, 2014 at 9:12 AM

This fiasco almost makes me glad I have medicare.

Kissmygrits on May 1, 2014 at 9:28 AM

Bogus numbers…

I don’t believe a damn thing the government says…

It’s likely much, much, much lower…

PatriotRider on May 1, 2014 at 9:34 AM

But the GOP says ACA is here to stay!!!…

PatriotRider on May 1, 2014 at 9:34 AM

Seems about right. 66%? How many Americans just asked for tax extensions?

libfreeordie on April 30, 2014 at 7:26 PM

About 10%. Because extensions are a legal recourse under current tax law.

There is no law that says a person can just not pay for a contract, and the provider must still service that contract. If there’s no payment, there’s no coverage.

The Schaef on May 1, 2014 at 9:42 AM

I have already received a number of letters from Blue Cross saying the patients are in their 60 – 90 day grace period. They are eligible for subsidies, but have not paid their share after the first month. I will not be paid for those visits and I am sure that the patients won’t pay cash if they are not going to pay their premium…
 
txdoc on May 1, 2014 at 8:04 AM

 
As Georgia showed us
 

The number of Georgia applications – 221,604 – was a big jump in two weeks from the 177,668 that completed applications by March 15.

Almost all of those policies’ purchasers will receive a federal subsidy to afford the coverage, Hudgens’ office said.

The number of Georgians who have applied is still far short of the estimated 650,000 who are eligible for subsidies in the health insurance exchange.

http://www.georgiahealthnews.com/2014/04/georgia-exchange-applications-hit-220000/#sthash.gRIuiM5p.8f8suq56.dpuf

 
the people who didn’t want insurance before, and even people eligible for subsidies, don’t want insurance now, either.
 
There are two paths:
 
1) The administration actually thought a few speeches would make people who didn’t see any value in having insurance before Obamacare suddenly change their long-held core beliefs and want to spend their money on insurance now,
 
or
 
2) This is intended to accomplish something else related to our healthcare system.
 
I’m positive it’s the second.

rogerb on May 1, 2014 at 11:48 AM

One big caveat here

The bigger caveat is that, like the previous low paid% numbers, the authors here count people who have selected a plan but not paid because their plan hasn’t started yet (in some cases where they haven’t even had a first bill cycle) as people not paying.

It’s quite simply bad methodology.

or you could look here for a somewhat more vigorous take down:
gop-house-committee-report-so-full-crap-i-couldnt-fit-it-all-one-post-updated

Look I get that the GOP is desperate to keep up the perception that the ACA is a disaster but you guys are really close to believing your own spin on the topic (ala 2012).

Tlaloc on May 1, 2014 at 12:39 PM

2) This is intended to accomplish something else related to our healthcare system.

I’m positive it’s the second.

rogerb on May 1, 2014 at 11:48 AM

I agree with this analysis.

Murphy9 on May 1, 2014 at 12:40 PM

Yeah, I’m sure that isn’t a pure propaganda website. No way in hell am I clicking to that.

Murphy9 on May 1, 2014 at 12:42 PM

No way in hell am I clicking to that.

Naturally. ANd if you did click it you’d have to unskew it.

See what I did there?

Tlaloc on May 1, 2014 at 1:02 PM

Look I get that the GOP is desperate to keep up the perception that the ACA is a disaster but you guys are really close to believing your own spin on the topic (ala 2012).
 
Tlaloc on May 1, 2014 at 12:39 PM

 
+1. That’s probably why they delayed the employer mandate.

rogerb on May 1, 2014 at 1:06 PM

…but you guys are really close to believing your own spin on the topic (ala 2012).
 
Tlaloc on May 1, 2014 at 12:39 PM

 
Tlaloc, since you’re here, I need your input on something, please.
 

“So that’s why the individual mandate’s important,” Obama explained in a speech on Aug. 15, 2011.

“Because the basic theory is, look, everybody here at some point or another is going to need medical care, and you can’t be a free-rider on everybody else,” said Obama. “You can’t not have health insurance, then go to the emergency room, and each of us, who’ve done the responsible thing and have health insurance, suddenly we now have to pay the premiums for you. That’s not fair. So, if you can afford it, you should get health insurance just like you get car insurance.”

http://abcnews.go.com/m/blogEntry?id=14952502&sid=77&cid=77

 
In 2017 the tax/penalty/fine will reach it’s maximum of 2.5% of income.
 
A person making the U.S. average $43K/yr who chooses to continue free-riding will pay $1075 (vs. thousands in premiums and deductibles), and $1075 will barely cover any hospital procedures beyond check in.
 
Hospitals will still be required by law to provide care regardless of insurance coverage or ability to pay.
 
Can you explain how Obamacare does anything to change the free rider problem?
 
Give us specifics, please.

rogerb on May 1, 2014 at 1:19 PM

ANd if you did click it you’d have to unskew it.

See what I did there?

Tlaloc on May 1, 2014 at 1:02 PM

Typo? Begin a sentence with ‘and?”

Not sure what you are getting at patriot.

All I know is that your beloved psychopathic anti-human progtard government screwed up the heathcare system in this country. My policy has been altered, and I’ll be paying 32% in premiums, more in copays, more in deductibles, and have a more restricted network of primaries and specialists.

So go blow your choom smoke up some ignorant Barry supporter’s bottom. They are way more into that sort of thing.

Murphy9 on May 1, 2014 at 1:22 PM

*32% more…

Murphy9 on May 1, 2014 at 1:30 PM

______________________________________

OBAMA’s former Chief of Staff says:

Don’t let the Financial CRISIS got to waste !!!

So they passed the ACA aka ObamaCare.

______________________________________

FINANCIAL CRISES of 2008 still Linger ON

and will take many more years dispate
it’s Financial PAIN on the USA economy.

______________________________________

America’s liabilities indeed
loom massively on the horizon.

______________________________________

Clinton Library’s Doc Dump
Reveals CRA Fueled Subprime Bubble

______________________________________

Articles Dump Reveals

TEAM Bill Clinton & Wall Street
Fueled FINANCIAL CRISIS of 2008

______________________________________

Wall Street built a DOOMSDAY MACHINE
Turning Garbage into GOLD

http://upstart.bizjournals.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom.html?page=all

The True Story of the Financial Crisis

http://spectator.org/print/37680

______________________________________

Brooksley Born, Alan Greenspan, and The Warning

http://www.pbs.org/wgbh/pages/frontline/warning/etc/script.html

http://www.pbs.org/wgbh/pages/frontline/warning

______________________________________

Inside the Meltdown

http://www.pbs.org/wgbh/pages/frontline/meltdown/etc/script.html

http://www.pbs.org/wgbh/pages/frontline/meltdown

______________________________________

Free fall: How government policies brought down the housing market

http://www.aei.org/outlook/economics/financial-services/housing-finance/free-fall-how-government-policies-brought-down-the-housing-market

______________________________________

The 2008 Banking Collapse and the Great Recession

Inside the Doomsday Machine
Michael Lewis

http://www.q-and-a.org/Transcript/?ProgramID=1277

______________________________________

Clinton’s Subprime Souffle

Social Engineering: It’s official:
Americans have lost their housing gains since 1995,
when Bill Clinton launched his homeownership crusade.

His lending rules artificially created demand
and a housing bubble that’s still deflating.

http://news.investors.com/ibd-editorials/043014-699077-national-homeownership-rate-falls-back-to-clinton-era-levels.htm

http://news.investors.com/ibd-editorials/042514-698502-clinton-library-doc-dump-reveals-role-in-subprime-bubble.htm?p=full

______________________________________

Global HAWK on May 1, 2014 at 1:40 PM

Sooner or later…dear Lord…sooner or later…the American people are going to revolt in some form or fashion. This insanity absolutely CANNOT continue much longer. At some point, there has to be a breaking point with the good people of this country, and I think it could be soon.

Bob Davis on May 1, 2014 at 2:04 PM

How are you getting more than three links into a comment?

Murphy9 on May 1, 2014 at 2:50 PM

Reply to Murphy9
How are you getting more than three links into a comment?

Answer:
I type the info ( including many links ) in WordPad

and then copy & paste into HotAir comment.

See the following example:

______________________________________

What Caused the Financial Crisis?

______________________________________

The pursuit of higher rate of
homeownership through legislation,
incentives and relaxed loan standards:

» Pushing homeownership to new
highs via government coercion.
» Relaxed loan standards — no doc / no income

» Pres. Bill Clinton and Robert Rubin —
unleashing Wall Street risk-taking.

Bill Clinton signed into law in 2000:

The Commodity Futures Modernization Act,
which exempted over-the-counter
swaps and derivatives from regulation.

The idea was to distribute risk; unfortunately,
the effect was to magnify risk.

______________________________________

Banks lurched from caution to
bubble-inflating recklessness

______________________________________

The True Story of the Financial Crisis
The financial crisis of 2008 was caused
by government housing policies ——
which led to the creation of 27 million
subprime and other risky loans

http://spectator.org/print/37680

______________________________________

Barack Obama was a pioneering contributor
to the national subprime real estate bubble

____________________

With landmark lawsuit, Barack Obama
pushed banks to give subprime loans
to Chicago’s African-Americans

http://dailycaller.com/2012/09/03/with-landmark-lawsuit-barack-obama-pushed-banks-to-give-subprime-loans-to-chicagos-african-americans/?print=1

______________________________________

The Brass Standard

http://www.nationalreview.com/blogs/print/316725

______________________________________

About Those Policies That Got Us Into This Mess

http://www.BLOOMBERG.com/news/print/2012-09-12/about-those-policies-that-got-us-into-this-mess-caroline-baum.html

____________________

The misguided effort begun during
the Clinton administration
to increase home ownership
among low wage earners

____________________

Bubba & the Housing bubble — Bill Clinton

http://www.nypost.com/p/news/opinion/opedcolumnists/bubba_the_housing_bubble_8cUhYsqNdXVlWjflbbjiUO

____________________

The End of Wall Streets Boom
Michael Lewis — profiled Steve Eisman:

http://upstart.bizjournals.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom.html?page=all

____________________

Free fall: How government policies

brought down the housing market

http://www.aei.org/outlook/economics/financial-services/housing-finance/free-fall-how-government-policies-brought-down-the-housing-market

____________________

Michael Lewis on the Hedge Fund Manager
Who Saw It Coming

http://www.fool.com/server/printarticle.aspx?file=/investing/general/2008/12/01/michael-lewis-on-the-hedge-fund-manager-who-saw-it.aspx

• “The Big Short”

http://www.fool.com/investing/general/2010/03/17/the-big-short.aspx

• Michael Lewis on the Financial Panic

www. fool.com/investing/general/2008/11/26/michael-lewis-on-the-financial-panic.aspx

____________________

Wall Street’s Delusion — 60 Minutes

http://www.CBSNews.com/2102-18560_162-6292458.html

Eve of Destruction

http://www.nytimes.com/2010/04/18/books/review/Gross-t.html?pagewanted=print

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Global HAWK on May 1, 2014 at 3:51 PM

It’s quite simply bad methodology.

Tlaloc on May 1, 2014 at 12:39 PM

Funny how you count this as bad methodology but not the fact – openly stated in the article – that purging the rolls of unpaid applicants results in a higher percentage of paid applicants.

I’d be close to calculating 100% payment, also, if I kicked out everybody who didn’t pay.

That’s to say nothing of the other pretty obvious holes your hero does nothing to address, like why purging unpaid applicants does nothing to revise downward the government totals from which they arrived at 8 million, or why Oregon is held up as a shining example when their site failed so badly, it did not process a single application online, and eventually voted to turn their project over to the feds, at a cost of another hundred million plus.

Fly with your own wings, Oregonians.

The Schaef on May 1, 2014 at 3:59 PM

It’s rrally amazing you guys keep listening to the same people who keep getting proven wrong, over and over again.

The insurance companies are already reporting 90+% payment rates not even a month after the enrollment closed.

They’re also reporting a healthy mix at or higher than exoectations, meaning no significant premium hikes are coming.

Why do you guys intentionally ignore reality in favor of listening to the proven lies of congresspeople?

everdiso on May 1, 2014 at 4:08 PM

Oh Le-a, you poor thing.

Murphy9 on May 1, 2014 at 4:14 PM

Good to see you again, Jay.

rogerb on May 1, 2014 at 4:14 PM

The insurance companies are already reporting 90+% payment rates not even a month after the enrollment closed.

everdiso on May 1, 2014 at 4:08 PM

Which we’ve already established is after purging unpaid applications.

They’re also reporting a healthy mix at or higher than exoectations, meaning no significant premium hikes are coming.

White House wanted 40% young’uns, they got 28%. How is that higher?

Why do you guys intentionally ignore reality in favor of listening to the proven lies of congresspeople?

You mean like keeping your plan, keeping your doctor, lowering premiums by $2500 and bending down the cost curve?

The Schaef on May 1, 2014 at 4:17 PM

The Schaef on May 1, 2014 at 4:17 PM

Good answers! Ignorance is bliss for everdiso, eh?

Bob Davis on May 1, 2014 at 4:35 PM

The insurance companies are already reporting 90+% payment rates not even a month after the enrollment closed.

everdiso on May 1, 2014 at 4:08 PM

C-BS claims you’re a Liar.

From late Wednesday:

As of April 15, 67 percent of Americans enrolled in the federally-run Obamacare marketplace had paid their first monthly premium, according to data collected by the House Energy and Commerce Committee.

-snip-

The Energy and Commerce Committee consequently reached out to every insurance provider listed as an insurer on the federal Obamacare marketplace and collected the data itself.

F-

Del Dolemonte on May 1, 2014 at 4:37 PM

Look I get that the GOP is desperate to keep up the perception that the ACA is a disaster but you guys are really close to believing your own spin on the topic (ala 2012).

Tlaloc on May 1, 2014 at 12:39 PM

Ah, more Open Reg Teen Spirit checks in.

From just yesterday, the latest WaPo/ABC poll shows that ACA is a disaster; only 37% of Americans think it’s good. That’s down 7 points in 1 month.

F-

Del Dolemonte on May 1, 2014 at 4:42 PM

…but you guys are really close to believing your own spin on the topic (ala 2012).
 
Tlaloc on May 1, 2014 at 12:39 PM

 
Can you explain how Obamacare does anything to change the free rider problem?
 
rogerb on May 1, 2014 at 1:19 PM

 
Tlaloc?

rogerb on May 1, 2014 at 5:36 PM

This is just such a beautiful metaphor from Doc Zero, in the context of this topic.

Chairman Upton is being far too polite by calling this a “sad reversal” from Obama’s vows of transparency – when has he actually delivered any? Opacity, deception, and stonewalling are standard operating procedure on everything from Operation Fast and Furious, to Benghazi, to this ObamaCare propaganda. Tomorrow’s headlines are the only battlefield this Administration cares about. They trust their media allies to clean up behind them, bayoneting wounded deceptions to ensure nothing of yesterday’s narrative survives as the front line moves relentlessly forward.

Any new readers who missed the Good Doctor from the Erstwhile Greenroom, do not delay adding him to your Blogroll. Best essayist in contemporary punditry.

AesopFan on May 2, 2014 at 1:06 AM

…but you guys are really close to believing your own spin on the topic (ala 2012).
 
Tlaloc on May 1, 2014 at 12:39 PM

 
Can you explain how Obamacare does anything to change the free rider problem?
 
rogerb on May 1, 2014 at 1:19 PM

 
Tlaloc?
 
rogerb on May 1, 2014 at 5:36 PM

 
Tlaloc?
 
Did you believe your own spin on the topic?

rogerb on May 2, 2014 at 11:42 AM

Which we’ve already established is after purging unpaid applications.

Correct – we’ve established that the committee intentionally (and hilariously) included applicants who have yet to even receive an invoice as “unpaid”, in irder to create thus blatantly misleading headline.

White House wanted 40% young’uns, they got 28%. How is that higher?

Every insurer is reporting a better than expected percentage of young enrollees, and are no longer forecasting significant premium hikes.

You mean like keeping your plan, keeping your doctor, lowering premiums by $2500 and bending down the cost curve?

The Schaef on May 1, 2014 at 4:17 PM

Correct – just like millions and millions more americans can now afford healthcare, just like bending down the cost curve.

And the funny thing is that the millions and millions more insured don’t even include the millions who have been forced to upgrade from useless junk insurance to quality health care plans.

everdiso on May 2, 2014 at 12:39 PM

Correct (and then proceeds to state something that is not at all what was said in the quoted paragraph)

Let me know when you’re ready to have this conversation honestly.

Every insurer is reporting a better than expected percentage of young enrollees, and are no longer forecasting significant premium hikes.

So you take reports from insurers over White House reports, but only when it suits your agenda and not when they’re included in a House investigation.

Correct (and then proceeds to behave as if those lies were not actually lies)

You are a barrel of contradictions today. Even more amazing that you double down on the “lower cost” lie two days after reports that health care spending was up 10% last quarter.

don’t even include the millions who have been forced to upgrade from useless junk insurance

In point of fact, it does: a huge portion of Obamacare enrollees are people tossed off their plans onto the exchanges.

Additionally, your phrase “forced to ‘upgrade’” highlights the lie of keeping one’s plan, and your assessment of “junk insurance” is basically bullcrap. The plan I was on last fall as a contract worker was very sufficient for me and my family; the plan I’m on now with my new employer is amazing. Neither of them would pass muster with the feds, and I’m holding my breath to find out if the employer mandate is going to screw my family next year.

The Schaef on May 2, 2014 at 3:15 PM

Sooo many lies, where does one start?

Correct – we’ve established that the committee intentionally (and hilariously) included applicants who have yet to even receive an invoice as “unpaid”, in irder to create thus blatantly misleading headline.

The White House needs to release the numbers.

Every insurer is reporting a better than expected percentage of young enrollees, and are no longer forecasting significant premium hikes.

A baldface lie.

Correct – just like millions and millions more americans can now afford healthcare, just like bending down the cost curve.

The uninsured rate was lower under Bush and the cost curve was bent upwards at the highest rate since 1980. Epic fail.

And the funny thing is that the millions and millions more insured don’t even include the millions who have been forced to upgrade from useless junk insurance to quality health care plans.

everdiso on May 2, 2014 at 12:39 PM

Those are the vast majority of the Obamacare enrollees. And if they’re junk, why did Obama allow them to keep it after the fact?

You’re really really bad at this.

Chuck Schick on May 2, 2014 at 4:12 PM

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