Although yesterday's report of 2.2 million Obamacare "enrollees" focused on the fact that less than a quarter of the 'signups' were under 34 years of age in contrast to the 40% that were expected for the program to work, another important figure was mostly overlooked in the reports. Namely, just how real is that 2.2 million "enrollment" figure. Although Time's Swampland headline jubilantly proclaimed "Huge Surge in Obamacare Enrollment Reported," Yahoo Finance put it in proper perspective with this harsh dose of reality:
Insurers are finding they're ending up with a lot more applications than payments.









