Coast to coast car salesmen are rejoicing, their paychecks are about to get massive increases as their sales commissions are about to skyrocket. According to new definitions stemming from the White House, and new regulatory definitions from President Obama and his regulatory team, a customer “test drive” will now qualify as a sale.
Yesssssir !! Lucky Day, Lucky Day.
It has yet to be determined what impact this might have to the share value for auto-industry stockholders, or quite frankly the financial divisions who actually make up the bulk of the profits, but that’s just a pesky detail to be worked out.
Here are the semi-full details so far:
WASHINGTON DC – The fight over how to define the new health law’s success is coming down to one question: Who counts as an Obamacare enrollee?
Health insurance plans only count subscribers as enrolled in a health plan once they’ve submited a payment. That is when the carrier sends out a member card and begins paying doctor bills.
When the Obama administration releases health law enrollment figures later this week, though, it will use a more expansive definition. It will count people who have purchased a plan as well as those who have a plan sitting in their online shopping cart but have not yet paid.
“In the data that will be released this week, ‘enrollment’ will measure people who have filled out an application and selected a qualified health plan in the marketplace,” said an administration official, who requested anonymity to frankly describe the methodology.
The disparity in the numbers is likely to further inflame the political fight over the Affordable Care Act. Each side could choose a number to make the case that the health law is making progress or failing miserably.
On Monday, the Wall Street Journal, citing anonymous sources, said insurance companies have received about 50,000 private health plan enrollments through HealthCare.gov. Even combined with state tallies, the figure falls far short of the 500,000 sign-ups the administration initially predicted for both private sign-ups and those opting for the expansion of Medicaid. (read more)
