Obamacare:Largest Drop in Uninsured in 4 Decades

Thanks Obama


Data on Health Law Shows Largest Drop in Uninsured in 4 Decades, the U.S. Says

WASHINGTON — The Obama administration said on Monday that 16.4 million uninsured people had gained health coverage since major provisions of the Affordable Care Act began to take effect in 2010, driving the largest reduction in the number of uninsured in about 40 years.

Since the first open enrollment period began in October 2013, the officials said, the proportion of adults lacking insurance has dropped to 13.2 percent, from 20.3 percent.

Sylvia Mathews Burwell, the secretary of health and human services, said the data revealed “the largest reduction in the uninsured in four decades.” Many people gained coverage after the creation of Medicare and Medicaid in 1965.

White House officials said the figures disproved the charges leveled by some Republicans opposed to the law, including governors who have declined to expand their Medicaid programs.

Polls show that public opinion on the health care law is still deeply divided, and its future could be an issue in next year’s elections. Richard G. Frank, an assistant secretary of health and human services, said the new data showed that “the Affordable Care Act is working.”

Officials said they were publishing the figures to demonstrate its progress on the fifth anniversary of the law, which President Obama signed on March 23, 2010.

Since October 2013, Mr. Frank said, 14.1 million uninsured people ages 18 to 64 have gained insurance. In addition, he said, 2.3 million young adults were covered from 2010 to October 2013 because they were allowed to remain on their parents’ health plans until the age of 26 under a provision of the law.

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http://www.nytimes.com/2015/03/17/u...BXDg50u2alhlk4stoFBhGGqgw&_hsmi=16570916&_r=1

 

Sucks for you. Luckily for most people health insurance premiums are rising more slowly than they have in decades.


Obamacare’s projected cost falls due to lower premiums under health care law, CBO says


By Max Ehrenfreund March 9

The estimated cost of President Obama's signature health care law is continuing to fall.

The Congressional Budget Office announced on Monday that the Affordable Care Act will cost $142 billion, or 11 percent, less over the next 10 years, compared to what the agency had projected in January.

The nonpartisan agency said the Affordable Care Act will cost less for two essential reasons. The first, and most significant, is that health insurance premiums are rising more slowly, and thus requires less of a government subsidy.

In addition, slightly fewer people are now expected to sign up for Medicaid and for subsidized insurance under the law's marketplaces. That's because the agency now says that more people than anticipated already had health insurance before the law took effect, and fewer companies than anticipated are canceling coverage. All in all, three million fewer people are expected to sign up for Affordable Care Act provisions by 2025.

Still, by 2025, the CBO estimates "the total number of people who will be uninsured ... is now expected to be smaller than previously projected," because more will have had health insurance to begin with.

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In revising their estimates, the agency noted two trends.

The first is the relatively modest increase in how much private insurance companies spend on their policyholders' health care. Between 1998 and 2005, spending on health care increased by an average of 5 percent per year, adjusting for inflation and demographics. That figure fell to 1.8 percent per year for the period from 2006 to 2013, the latest year for which data are available.

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http://www.washingtonpost.com/blogs...eive-coverage-under-health-care-law-cbo-says/

 

tj, so glad you've decided to return. I'm sure you're going to support this post with a report from the CBO, or some other non-wingnut source. Then we can move on to how Obamacare has been a job killer.