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Wednesday, March 30, 2016

Obamacare’s Uninsured Up 5 Million, Medicaid Dependents Up 16 Million Since Initial Estimate

Last week’s Congressional Budget Office’s Updated Budget Projections: 2016 to 2026 significantly reduced estimates of Obamacare’s benefits, relative to CBO’s estimates published in 2010, when the law was signed:
  • In 2010, CBO estimated Obamacare would leave 22 million uninsured in 2016 through 2019. This month, CBO estimates Obamacare will leave 27 million uninsured through 2019 – an increase of almost one quarter.
  • In 2010, CBO estimated Obamacare would leave 162 million with employer-based health benefits in 2016 through 2019. This month, CBO estimates Obamacare will leave only 155 million with employer-based plans. The number will decrease to 152 million in 2019.
  • In 2010, CBO estimated Obamacare exchanges would enroll 21 million people in 2016, increasing to 24 million in 2019. This month, CBO estimates Obamacare’s exchanges will enroll only 13 million people this year, and 20 million in 2019.
  • In 2010, CBO estimated Obamacare would result in 52 million Americans remaining or falling into dependency on Medicaid or the Children’s Health Insurance Program, the welfare programs jointly funded by state and federal governments that subsidizes low-income households’ health care, in 2016. CBO estimated that figure would drop slightly to 51 million in 2019. This month, CBO estimates 68 million will be dependent on the program this year through 2019 – an increase of almost one third in the welfare caseload.
Read the entire column at Forbes.

1 comment:

The Doctor Isn't In said...

And for ALL of those people covered under the ACA our rates have gone up from 20% to 500% per year EACH YEAR so was the whole mess worth it to change ALL of healthcare simply for the few who had previous conditions and were excluded rather then simply requiring the InsCos to remove that clause. There is no way to increase coverage lower deductibles require more services being paid for free and support areas previous never covered AND expect premiums to drop
It was a fool's errand to thin it could be done and only a lawyer would come up that type of mathematics. Anyone who Accounting 101 knows if you raise coverage and lower copays and require companies to insure people who were costing them the most to begin with that there was also NO way to lower premiums. So Medicare they could care less Welfare they could care less individuals are now wiped out but don't really affect the voting position so no DC are in the focus sights and employed members are effected but more by the fact that they no longer have full time jobs because the boss won't pay the higher premiums so they lay folks off or flip them to part time
Once again the smallest group in the nation trying to financially support the entire rest of the nation and in this case it fell apart. I have patients that were paying $250 per month for single coverage that now are up to $1300 and expecting to increase in Jan 2017 by another 35%
NICE JOB ACA!!!! Dr D