Posted on 03/24/2016 6:14:11 PM PDT by Kaslin
The congressional budget office has revised its Obamacare enrollment target for 2016 downward by a million people. This is the second such downgrade the CBO has issued in 2016. The Hill reports:
About 12 million people are now expected to have ObamaCare coverage by the end of 2016, according to the nonpartisan budget office. Just three months ago, the office had predicted that 13 million people would have coverage.
The latest enrollment estimate is an even steeper drop from the CBO’s estimates from 2015, which predicted 21 million people would have marketplace coverage by this time.
The enrollment after the end of the last enrollment period was 12.7 million. At first glance it may sound as if Obamacare is exceeding the CBO’s new, lower expectations. However, as I noted earlier this month, there has been a steep drop off in the number of people who sign up for coverage at the beginning of the year over the months that follow. In 2015 that drop off was a full 25 percent.
If the enrollment numbers see a similar drops off in 2016 (25%) then the enrollment at the end of this year will be around 9.5 million. That’s well below the revised CBO estimate and even falls below the dramatically lowered HHS estimate of 10 million.
The latest CBO report offers a couple of reasons for the revised estimate. The first, which might be viewed as a good thing by opponents of the law, is that the number of people who have been dropped from employer-based coverage has been lower than expected. That number is still expected to ramp up by 2026 however. The other factor behind the lowered estimate is enrollment among those who receive no subsidies:
CBO and JCT have also revised downward their projection of unsubsidized enrollment in nongroup coverage through health insurance marketplaces because such enrollment
has been smaller than they anticipated in the first two years that the marketplaces have been in operation.
In other words, CBO lowered the estimate because people who don’t get a subsidy just are not buying Obamacare coverage. Unfortunately, it’s those people who were expected to offset the costs of subsidizing everyone else.
Those numbers should rise to exceed expectations with all the folks coming in this summer from latin america and middle eastern countries. (Syria is not the only refugees we are getting as you well know).
The Ponzi scheme collapseth.
“...because people who don’t get a subsidy just are not buying Obamacare coverage...”
But that has been the Rat subversives plan all along. Nothing new.
I wish a “journalist” would go find people who aren’t getting a tax refund. You KNOW there are lots of LIVs who have not idea what’s about to hit them.
In the same way that Trump causes violence at his rallies, this is entirely Republicans fault because they didn’t vote for ACA and they predicted this outcome. Understand? By predicting it, they made it happen. Their fault.
So 12 million or 11 million or 13 or 14 million people signed up.
In a nation of 310 MM people, this isn’t even 5%. For this, our healthcare system was roiled and overthrown.
And I have never heard an analysis of how many who had plain, ordinary HC insurance NOT subsidized in any way. Not paid for by their employer. That they wrote a check every month. How many were dropped or were de facto dropped when their rates tripled? That number has to be deducted from the glorious leader’s signup numbers, unless we’re happy being idiots who cannot add & subtract.
I sure hope you are not serious. If than you really do need help immediately
Obama will keep repeating the 21 million number as fact. The press will not call him on it. The program will continue thanks to the collaboration of the GOP. What federal entitlement program has ever been eliminated, even when the people demand its elimination?
Chelsea Clinton said yesterday that Hillary was open to using Executive Action to Reduce the “Crushing Costs” of Obamacare. Wonder if that would be up to $2500 a year?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.