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About That 7 Million Number

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Hank Adler, my co-author on The Fair Tax Fantasy and a a retired partner at Deloitte as well as a professor of accounting at Chapman, points out that the Administration has been selling the success of Ocare as 7 million sign-ups by mid-February.  Hank emails:

I'm just a bookkeeper, but I was considering the number of daily sign ups required to get 
to the "expected 7,000,000 insurance exchange insurees by February 15th.

There are about 80 working days between today and February 15th. Assuming no one 
has yet signed up and one report estimates that with rounding, that is pretty 
close to the correct number, the necessary daily sign ups would be as below.

80      Days    87,500
70      Days    100,000
60      Days    116,667
50      Days    140,000
40      Days    175,000
30      Days    233,333
20      Days    350,000
10      Days    700,000

 

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