Judged by the goal of how many previously uninsured people are not buying health insurance, Obamacare is a far worse flop than has generally been reported. Why say that? the Washington Post reports that recent surveys suggest that the number who are becoming insured because of Obamacare may be vanishingly small: A pair of surveys released on Thursday suggest that just one in 10 uninsured people who qualify for private health plans through the new marketplace have signed up for one…. One of the surveys, by the consulting firm McKinsey & Co., shows that, of people who had signed up for coverage through the marketplaces by last month, just one-fourth described themselves as having been without insurance for most of the past year. So if the point of Obamacare is to reduce the number of uninsured, it is a dismal failure. But the story gets worse. Of the small number of previously uninsured who have registered, an even smaller number have actually paid a premium so as to buy insurance: [T]he survey show[s], that just over half of uninsured people said they had started to pay, compared with nearly nine in 10 of those signing up on the exchanges who said they were simply switching from one health plan to another. So at this point, Obamacare looks like a ridiculously expensive way to provide health insurance for a tiny number of people.
Posted on: Fri, 07 Mar 2014 05:47:42 +0000
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