Monday, December 19, 2016
ObamaCrapCare Is Far From The Successful Program The President Wants To Portray It As.
the more accurate method, taking actual enrollment
data from Medicaid and private insurance
companies to assess the impact Obamacare
has had on coverage.
The researchers found that just over 14 million
people gained coverage from the end of 2013
to the end of 2015. Of those 14 million, 11.8 million
gained their insurance through Medicaid and 2.2
million through private coverage.
The report provides several key takeaways from
the first two years of Obamacare’s full
Enrollment in the individual market increased by 5.9 million and the self-insured employer market grew by 3.9 million. However, these increases were largely offset by an enrollment drop of 7.6 million people in fully insured employer group plans. Overall, the net gain in private market coverage was only 2.3 million people.
Medicaid enrollment has surged.
In states that adopted Obamacare’s Medicaid expansion, enrollment surged by 10.4 million. However, Medicaid enrollment also rose by 1.4 million in states that didn’t expand their Medicaid programs. Overall, enrollment in Medicaid and the Children’s Health Insurance Program accounts for 84 percent of the total coverage gains from Obamacare since 2014.
Obamacare’s impact is diminishing.
Though only two full years of data are available, Obamacare
appears to be having less of an impact on both private and
public insurance markets after its first year of implementation.
For example, while the individual market saw an upsurge of
40 percent in 2014 (the first year of Obamacare’s implementation),
it drastically slowed in 2015, with enrollment growth of just
Likewise, the law seems to be having less impact on the fully insured employer group market. In 2014, enrollment in that sector fell by 11 percent, but in 2015, it nearly broke even, decreasing by only 2 percent. Medicaid enrollment also experienced a similar trend. In states that expanded, enrollment increased 23 percent in 2014 but slowed to 4 percent growth in 2015.
Understanding exactly how Obamacare has affected health coverage is important as Congress works to repeal Obamacare and replace it with market-based reforms in the coming months.