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Stampede For Obamacare in New Jersey

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By Doug Powers  •  August 23, 2010 01:43 PM

**Written by Doug Powers

A story at Fox New York entitled “Uninsured Slow to Sign Up for Coverage” helps demonstrate the “as advertised” demand for Obamacare vs. the actual demand:

HACKENSACK, N.J. – Just two people in New Jersey will begin receiving coverage Monday under new plans created by federal health care reforms.

NJ Protect plans are available to those who have been without insurance for at least six months and submit evidence of pre-existing health conditions.

The state will receive $141 million in federal subsidies to cover claims that exceed the premiums paid by the beneficiaries.
[…]
Two policies are available, with premiums ranging from $212 to $768 monthly, depending on age.

Premiums? Well there’s the problem. This free stuff is pretty expensive.

On the plus side, if you’re one of the two people in New Jersey who signed up, as of right now you’ve got $70.5 million dollars worth of coverage.

**Written by Doug Powers

Twitter @ThePowersThatBe

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Categories: Barack Obama, Health care, New York Times, Paul Krugman