The Democrat Party gave us Obamacare. Their notion of “insurance for everyone” did insure 24 million more Americans. They tell us now that these 24 million Americans will be dropped from the insurance rolls under the new American Health Care Act. Let’s look at the reality of “the 24 million.”
Ten million of those insured because of Obamacare got insurance under duress (the individual mandate) and the Democrats fail to mention that that roughly 5.6 million people paid a tax penalty instead of buying health insurance. For example, many Americans felt it was in their best interest to pay a mandatory penalty of almost $1,000 because they found it preferable to the $400 or $500 monthly cost of an ACA health plan.
Fourteen million got health insurance handed to them at someone else’s expense. They were added to the Medicaid rolls. Who wouldn’t accept “free” health insurance? But “free” for these individuals comes out of the pocket of others. The Foundation for Government Accountability (FGA) found that adult Medicaid enrollment in 24 of the 29 states that accepted Medicaid expansion exceeds projections by an average of 110 percent. As a result, states’ share of Medicaid expansion costs will rise from five percent to 10 percent by 2020, leaving taxpayers in those states on the hook for bloated budgets.
The Congressional Budget Office (CBO) predicted that in 2016 there would be 23 million getting policies through the exchanges, but only 10 million have done so. The CBO also estimated that only 10 million would be added to the Medicaid rolls by 2016. As of the first quarter of last year, 14.4 million adults had enrolled in Medicaid. Therefore, the exchanges faltered and medicaid “flourished.” Thus far 16 of the 23 non-profit, state-chartered co-ops created by Obamacare to sell “affordable” insurance plans have gone bankrupt.
Taxpayers not only must pay for those added to Medicaid but also have seen their own insurance become essentially nullified. Those “cheap” Obamacare plans are, in actuality, VERY expensive. Deductibles for individuals enrolled in the lowest-priced Obamacare health plans will average more than $6,000 in 2017 a new analysis finds. Families enrolled in bronze plans will have average deductibles of $12,393, according to the study by the consumer insurance comparison site HealthPocket. Before Obamacare only 55 percent of healthcare plans had a deductible. Now eighty-one percent have an annual deductible. Kaiser Family Foundation found that increasing costs led roughly half of American families to cut back on medical care in the previous 12 months. Someone should remind Democrats that “health insurance” is not healthcare.
The nation’s health care tab will exceed $10,000 per person this year. That is an all-time high. You do remember how Obamacare was going to “bend the health care cost curve down,” don’t you? But if your deductible is $12,393 one’s insurance never kicks in, on average. Therefore, you get no benefit from your premium.