The ObamaCare Crisis That Isn’t

The large coverage losses and premium hikes haven’t happened

WSJ editorial. Excerpts:

"Remember when Democrats claimed that Congress’s failure to extend the pandemic ObamaCare subsidies would cause masses of Americans to lose insurance and premiums to skyrocket? It hasn’t happened, as new data from the Centers for Medicare and Medicaid Services (CMS) show.

Some 23.1 million consumers signed up during this year’s open-enrollment period. That’s 1.2 million fewer than last year, but still 6.8 million more than in 2023 and nearly twice as many as in 2021. Many who dropped out of ObamaCare had previously been improperly enrolled or received subsidies they didn’t qualify for."

"CMS says it cancelled subsidies for “nearly 1.5 million people found to be ineligible”"

"The pandemic-era subsidies encouraged people to understate income to qualify for bigger subsidies"