Real Number to Lose Coverage: Around 93 Million

Even now that it’s been definitively shown that President Obama knew the first time he said “you can keep your coverage” that he was speaking falsely, the media are covering up the real numbers for him.

White House spokesman Jay Carney on Tuesday tried to weasel out of the issue by dismissing the wave of Obamacare-caused insurance cancellations as just the normal routine, only affecting people who buy insurance on their own, a “mere” 5 percent of Americans.

“That’s the universe we’re talking about, 5 percent of the population,” said Carney. “In some of the coverage of this issue in the last several days, you would think that you were talking about 75 percent or 80 percent or 60 percent of the American population.”

But the Administration knows better than that, and what’s more, they knew it when the law first passed.

The Affordable Care Act has some provisions for “grandfathering” in existing policies that don’t meet the new regulations, but those provisions go away at the end of the year.

“The Departments’ mid-range estimate is that 66 percent of small employer plans and 45 percent of large employer plans will relinquish their grandfather status by the end of 2013,” the Administration wrote on page 34,552 of the Federal Register back in 2010.

The midrange — not even the top-most — estimate of the number of people who will actually lose their insurance when Obamacare is done having its way is 93 million.

Obamacare was sold as a way to get some 20 million-plus (depending who was issuing the numbers) American residents without health insurance covered.

The Administration eventually admitted that Obamacare will leave 30 million uninsured, but according to its own admission buried in the Register, the number is likely to be at least three times that.

To make matters more absurd, a recent Gallup poll of the uninsured found more than 36 percent of them — mostly younger — had no intention of signing up for insurance through a government exchange, despite the new law.

That’s really bad news for Obamacare, which like a pyramid scheme relies on higher payments for young new insureds to cover costs for the elderly.

Obamacare was also supposed to lower premiums for everybody, but that claim too has been blown out of the water by reality.

In the final analysis, Obama lied in order to get Obamacare passed. He and the Democrats knew that Americans mostly liked their health insurance and for that reason had resisted other efforts to create a socialized system in the past.

So, just tell Americans what they want to hear: You can keep your insurance if you like it. That way, Obamacare only affects “those” people who aren’t you.

It was a classic snake oil pitch from start to finish.