Obama said this month that premiums in the government health plan for people with pre-existing conditions will be cut, and coverage will be upgraded. Why? Because people can't afford his "affordable" insurance.
The expectation was that 375,000 people would sign up for this coverage with premiums ranging from $400 to $600 per month. The total signed up so far? 8,000. So instead of taking in about $187 million a month, they're actually taking in about $4 million a month. Let's see -- in a year, that's about a $2 billion shortfall. And guess who's picking up the shortfall?
Looks like this part of Obamacare is going to work about as well as the rest of it.
"Some premiums to get cheaper." The Dallas Morning News; November 6, 2010; p. 5A.
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