"average premiums in the individual market have increased 105% since 2013 in the 39 states where the ObamaCare exchanges are federally run. That translates into about $3,000 more a year for the average family. There are limitations to the data, such as separating ObamaCare artifacts from underlying medical cost movements, but the trend doesn’t reflect well on whoever called it the Affordable Care Act."
"HHS says premiums have increased by 145% on average in Missouri over four years."
"Nonetheless CBO says 14 million fewer people on net would be insured in 2018 relative to the ObamaCare status quo, rising to 23 million in 2026. The political left has defined this as “losing coverage.” But 14 million would roll off Medicaid as the program shifted to block grants, which is a mere 17% drop in enrollment after the ObamaCare expansion. The safety net would work better if it prioritized the poor and disabled with a somewhat lower number of able-bodied, working-age adults.
The balance of beneficiaries “losing coverage” would not enroll in insurance, CBO says, “because the penalty for not having insurance would be eliminated.” In other words, without the threat of government to buy insurance or else pay a penalty, some people will conclude that ObamaCare coverage isn’t worth the price even with subsidies. CBO adds that “a few million” people would use the new tax credits to buy insurance that the CBO doesn’t consider adequate."
Tuesday, May 30, 2017
The American Health Care Act is a major fiscal dividend with only a 17% drop in medicaid enrollment after the ObamaCare expansion
See How to Read an ObamaCare Prediction. A WSJ editorial. Excerpts: