Official ObamaCare Launch: More Insurance Cancellations Than Enrollments
All of the warnings regarding the harsh reality of ObamaCare were proven true on January 1, when it became clear that promises to offer healthcare for the masses were highly inflated. On the debut of ObamaCare, more health insurance plans were cancelled than there were new enrollments.
The Daily Caller reports, “More than 4.7 million Americans had their health insurance canceled as a result of any of the thousand-plus-page law’s new rules ... but the Department of Health and Human Services confirmed Tuesday that between federal and state exchanges, just two million Americans have signed up for ObamaCare coverage.”
The Obama administration has announced a net loss of at least three million insurance plans. On Sunday morning, the White House stated that just 1.1 million people have used the federal ObamaCare website to sign up for the president’s healthcare network....
