Ed Morrissey posted an article at Hot Air today about the recent enrollment numbers in ObamaCare. It seems that the program is not reaching the people it was designed to reach and is costing far more than the American people were told it would cost.
The article reports:
The Congressional Budget Office issued a new estimate for the next decade under the Affordable Care Act that lowers the enrollment projection by 40% in 2016. In fact, according to the CBO, next year’s enrollment is now expected to barely grow at all from 2015:
ObamaCare will enroll significantly fewer people than expected in 2016, ending the year with about 13 million customers, the Congressional Budget Office (CBO) said Monday.
The figure, which was included in an expansive budget report, is a decline of about 40 percent from last year’s enrollment prediction of about 20 million people.
The latest projections confirm the Obama administration’s previous assessment that fewer people are signing up as the marketplace closes in on its third enrollment season — the final one under President Obama.
…Similarly, subsidies that help people who meet income and other eligibility criteria to purchase health insurance through exchanges and to meet their cost-sharing requirements, along with related spending, are expected to increase by $18 billion in 2016, reaching a total of $56 billion.
The politicians who designed ObamaCare (it was obviously not designed by healthcare experts) did not understand actuary tables or human nature. Young, healthy people do not consider health insurance a necessity and do not sign up for it. So far the fines have been cheaper than the insurance, so there is no incentive for young, healthy people to sign up for ObamaCare. Thus, you don’t have the young paying enough premiums to cover the expenses of those who are older or less healthy.
The article concludes:
Defenders of ObamaCare argue that the program has still succeeded in lowering number of uninsured Americans. However, millions of people got their previous coverage canceled, forcing them into the exchanges, so a significant percentage of the 13 million represent a reshuffled status quo rather than an improvement. Furthermore, Democrats pushed for this policy by arguing that having 40 million or more uninsured Americans constituted a crisis that required overhauling a market that covered 88% of Americans in 2007. Having forced six-to-ten million of those Americans to buy needlessly expensive and inefficient coverage isn’t success — it demonstrates that the solution applied to that problem has failed, all while causing enormous damage to the market it “reformed.”
Hopefully the 2016 presidential election will free us from ObamaCare.