Obamacare’s Exchanges Fall Well Short of Enrollment Target

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In April, President Obama told the nation that “marketplace” or “exchange” enrollment, at 8 million customers as of March 31, had exceeded expectations and costs were lower than expected.

Many in the news media accepted the selectively released statistics, despite the Obama administration’s record of sometimes providing inaccurate or incomplete information on HealthCare.gov. Even today, the government continues to withhold relevant public information on costs and enrollment requested by Congress and the press under the Freedom of Information Act.

Why did the media accept inaccurate or incomplete information on Obamacare enrollment?

In fact, the measure of the Affordable Care Act’s success rests neither with individual anecdotes nor in the Obama administration’s self-assessments. It’s a long-term process that many analysts say will take years to unfold.

One thing that’s not in question: The insurance industry already has been largely transformed.

Many who were considered uninsurable now have affordable policies. But the Affordable Care Act has shifted the cost burden for those who already had insurance. More policies now have bigger deductibles and cost more.

“In general, healthy people are paying more and unhealthy people are paying less,” says a source who supports and helped implement Obamacare but is disappointed with the results to date, “with those above-average [income] tending to pay more and those below-average [income] tending to pay less.”

“Is the new law effective in reducing the number of uninsured? Yes, but so far not very,” he says.

Key questions include:

  • How many actually have enrolled?
  • How many of those were previously uninsured?
  • How has Obamacare affected the overall pool of uninsured?
  • What percentage of eligible people have signed up?
  • What’s the cost?

Read complete article via Obamacare’s Exchanges Fall Well Short of Enrollment Target.

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