Obamacare Numbers Don't Spell Success
December 12, 2014
Without the many technological glitches on HealthCare.gov that marked last year's Affordable Care Act implementation, some have cheered the law as working much better this year. But Robert Moffit and Kenneth Manyari-Magro of the Heritage Foundation disagree, detailing the problems that continue to haunt Obamacare:
- While insurance coverage increased from 2013 to 2014, so did costs. For building the exchanges alone, those costs reached almost $5 billion for taxpayers.
- Medicaid growth was responsible for 7.1 percent of the health insurance coverage growth during the first half of 2014 -- 6.1 million people out of the 8.5 million that had enrolled during the first half of the year.
- As of October 2014, there were 6.7 million exchange enrollees according to the Department of Health and Human Services. But because almost 4 million Americans lost employer-based health insurance during the first half of 2014, Moffit and Manyari-Magro say the net gain in private health insurance was just 2.4 million.
- From 2013 to 2014, insurance premium costs increased in the majority of states. In 13 states, premiums for individuals age 50 went up by 50 percent.
- On average, family premiums for those without employer coverage increased by 24.4 percent.
- For employer-based plans, average deductibles in 2014 were around $1,000. For "silver" plans in the federal exchanges, deductibles were an average of $2,700.
According to the authors, a new Gallup poll puts support for Obamacare at just 37 percent.
Source: Robert E. Moffit and Kenneth Manyari-Magro, "Another Bad Checkup for the Affordable Care Act," Heritage Foundation, December 9, 2014.
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