Obamacare disaster
December 3 | Posted by mrossol | ObamaCareJust the facts…
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Insurance analyst Robert Laszewski writing online for the Health Care Policy and Marketplace Review, Nov. 19:
When are Obamacare apologists going to stop spinning the insurance exchange enrollment as some big victory that is running smoothly? Yes, Obamacare has brought the number of those uninsured down—because of the Medicaid expansion in those states that have taken it and because the poorest people eligible for the biggest exchange subsidies and lowest deductibles have found the program attractive.
But that Obamacare has been a huge failure among the working class and middle class—not to mention those who make too much for subsidies and have to pay the full cost for their expensive plans—has once again been confirmed. . . .
If the Obama administration signs up the 10 million they are estimating they will sign up during the current open enrollment, based upon the historic number that are subsidy eligible, they will have less than the 9 million of the 24 million [Robert Wood Johnson Foundation] and [Urban Institute] estimate are in the potential exchange subsidy market—just a 38% success rate. And, that is nowhere near where they will have to be to make these risk pools sustainable for the insurance companies or politically sustainable in the country.
http://www.wsj.com/articles/notable-quotable-1449100550
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