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Save Obamacare - The Gift the Still Keeps on Giving...Entertainment!

And what went wrong?

http://www.forbes.com/sites/theapot...change-enrollment-growth-to-collapse-in-2016/

The problem is fairly easy to understand. ... regulations mandated that all plans had to pay for a wide range of services, even if policyholders didn’t want them. They forced young people to pay double, and sometimes triple, what they had been paying before for coverage. And plans were required to provide higher financial payouts than than previously...

In 2014 alone, in the average U.S. county, Obamacare drove up the price of individually-purchased health insurance by 49 percent. In 2015 and 2016, additional double-digit rate hikes have been common throughout the country.

ACA enthusiasts...argue(d) that taxpayer-funded subsidies would compensate for the higher premiums. ... the subsidies are only large enough for people whose incomes are near the poverty line. Those in the lower-middle class and above don’t receive subsidies that are large enough to compensate for Obamacare-induced rate shock.

Avalere-ACA-Enrollment-by-Income.png


Back to the drawing board.
 
Thanks for the update.

By the way, the millions who didn't have health insurance before Obamacare but do now say that all is not bad.

The many who couldn't get insurance because of preexisting conditions say that all is not bad.

The emergency rooms that are seeing a little less people with no health insurance say that all is not bad.

But for-profit health insurance is one of the worst ideas in history.

It gives people an incentive to reduce medical coverage.

Exactly. The right would have you believe all the uninsured were deadbeats who chose to go without coverage, rather than people caught between a rock and a hard place. I've encountered many on the right who simply don't get it about how you in time lose private coverage if you have health issues.
 
And what went wrong?

http://www.forbes.com/sites/theapot...change-enrollment-growth-to-collapse-in-2016/

The problem is fairly easy to understand. ... regulations mandated that all plans had to pay for a wide range of services, even if policyholders didn’t want them. They forced young people to pay double, and sometimes triple, what they had been paying before for coverage. And plans were required to provide higher financial payouts than than previously...

In 2014 alone, in the average U.S. county, Obamacare drove up the price of individually-purchased health insurance by 49 percent. In 2015 and 2016, additional double-digit rate hikes have been common throughout the country.

ACA enthusiasts...argue(d) that taxpayer-funded subsidies would compensate for the higher premiums. ... the subsidies are only large enough for people whose incomes are near the poverty line. Those in the lower-middle class and above don’t receive subsidies that are large enough to compensate for Obamacare-induced rate shock.

Avalere-ACA-Enrollment-by-Income.png


Back to the drawing board.

I, for one, am shocked that enrollment through the individual plan exchanges goes down as your income goes up.
 
And what went wrong?

http://www.forbes.com/sites/theapot...change-enrollment-growth-to-collapse-in-2016/

The problem is fairly easy to understand. ... regulations mandated that all plans had to pay for a wide range of services, even if policyholders didn’t want them. They forced young people to pay double, and sometimes triple, what they had been paying before for coverage. And plans were required to provide higher financial payouts than than previously...

In 2014 alone, in the average U.S. county, Obamacare drove up the price of individually-purchased health insurance by 49 percent. In 2015 and 2016, additional double-digit rate hikes have been common throughout the country.

ACA enthusiasts...argue(d) that taxpayer-funded subsidies would compensate for the higher premiums. ... the subsidies are only large enough for people whose incomes are near the poverty line. Those in the lower-middle class and above don’t receive subsidies that are large enough to compensate for Obamacare-induced rate shock.

Avalere-ACA-Enrollment-by-Income.png


Back to the drawing board.

No. The reason the price went way up for some people is there were some pretty crappy plans out there that wouldn't cover anything serious. In general the people didn't know they had a piece of crap because it worked well enough for the little stuff.

As for that graph--the reason behind it is that most people with high incomes have employer-paid insurance and thus aren't going the ACA route.
 
And what went wrong?

http://www.forbes.com/sites/theapot...change-enrollment-growth-to-collapse-in-2016/

The problem is fairly easy to understand. ... regulations mandated that all plans had to pay for a wide range of services, even if policyholders didn’t want them. They forced young people to pay double, and sometimes triple, what they had been paying before for coverage. And plans were required to provide higher financial payouts than than previously...

In 2014 alone, in the average U.S. county, Obamacare drove up the price of individually-purchased health insurance by 49 percent. In 2015 and 2016, additional double-digit rate hikes have been common throughout the country.

ACA enthusiasts...argue(d) that taxpayer-funded subsidies would compensate for the higher premiums. ... the subsidies are only large enough for people whose incomes are near the poverty line. Those in the lower-middle class and above don’t receive subsidies that are large enough to compensate for Obamacare-induced rate shock.

Avalere-ACA-Enrollment-by-Income.png


Back to the drawing board.

No, no. It's fine. Don't bother buying one of the newly over-priced insurance policies with an absurdly high deductible. Instead, put the money you would have paid for a idiotic Obamacare policy into a savings/money market/cd account. If it happens that you suddenly need coverage, you're good. Insurers can't deny you for a pre-existing condition. Needn't worry about the ACA penalty, as the IRS can only collect by going after your tax refund. Prepare your taxes so you don't expect a refund.

The ACA is certainly one of the worst bits of government regulation ever.
 
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