The latest numbers for ObamaCare are not positive.

Once again, predictions of good news and success were wildly off-base.

But will this bad news spell the end of ObamaCare?

Every prediction Obama made about his signature piece of legislation has been wrong.

The American people have not saved money.

The law has not gotten more popular as it came online.

And now, we are learning even fewer people than expected are signing up for coverage.

The Hill reports:

ObamaCare enrollment dropped to about 11.1 million people at the end of March, according to new figures released by the administration. 

The Centers for Medicare and Medicaid Services (CMS) said enrollment fell to about 11.1 million, down from the 12.7 million who signed up for coverage before the Jan. 31 deadline.

A dropoff was expected, and has occurred in previous years as well, given that some people who sign up do not pay their premiums. 

The CMS said 87 percent of enrollees remained signed up, within the expected range of 80 percent to 90 percent retention. 

The administration says it still projects that about 10 million people will remain signed up by the end of the year. 

The Congressional Budget Office had at one point projected that 2016 enrollment would be as high as 21 million people. ObamaCare critics have pointed to this disparity between projections and actuality to argue that the law is underperforming. 

With barely half as many people signed up for coverage as was expected, it’s no wonder state insurance exchanges are collapsing across the country.

And the nation’s largest insurer — UnitedHealth Group — recently announced they were pulling out of ObamaCare completely.

To make matters worse, the remaining insurance companies are making noise about needing a bailout.

When ObamaCare was written, it was assumed that enough people would sign up for the law so as to prevent insurance companies from losing money.

The legislation contained a Soviet-style tax on excess profits that was supposed to generate enough revenue to cover any losses by insurers who signed up to provide coverage.

But with so few people paying ObamaCare premiums, there was not enough “excess profit” to tax.

Now the insurers are threatening a lawsuit to force a taxpayer bailout.

The Fiscal Times reports:

Earlier this month, Blue Cross Blue Shield of North Carolina joined a growing list of insurers suing the Department of Health and Human Services for more subsidies from the risk-corridor program. Congress set up the program to indemnify insurers who took losses in the first three years of ObamaCare with funds generated from taxes on “excess profits” from some insurers. The point of the program was to allow insurers to use the first few years to grasp the utilization cycle and to scale premiums accordingly.

With Republicans controlling Congress, a bailout of ObamaCare is currently unlikely.

Buy-in from the insurance companies was crucial to Obama ramming this socialized medicine scheme through Congress.

If they turn against the law, it could provide the momentum for Republicans to repeal this disastrous legislation.