Only 102,000 people enrolled in Obamacare via the federally operated exchange during the week of December 27 January 2, bringing the total to 6.5 million. This supports my previous expectation that Obamacare enrollment is petering out.
However, enrolled does not mean that they paid their premiums. The federal Administration does not report this. However, as Mr. Gaba notes, Massachusetts reports that its current payment rate is 72 percent. If the same rate prevails nationwide, that would imply 6.5 million really enrolled.
Of course, premiums for most new enrollees are not due yet. Nevertheless, I struggle to see how Obamacare will hit its target. Mr. Gaba believes that there will be a rush in the first full week after New Years Day, and again when open season closes on February 15. We will see.
Also, it is important to note that when the Administration and Obamacares advocates state that they expect 9.1 million to enroll in 2015, they mean exactly that and nothing more than that. If people enroll and dont pay premiums they are still counted. If people enroll, pay premiums, and then drop out, they are still counted. The figure must go up every month.
In April 2014, the Administration announced that 8.02 million people had enrolled, and the estimate by November 15 was 9.7 million. However, Only 8.5 million had paid premiums up to that date. Because of drop outs, the number of people paying premiums at the time was only 6.7 million.