Thursday, January 05, 2017

Did Obamacare Really Insure 20 Million?

Did Obamacare Really Insure 20 Million?:
"One of the most frequently heard claims from the Obama administration is that Obamacare is responsible for insuring 20 million adults who were previously uninsured.
But Heritage Foundation research shows the administration’s figure is off by a few million.
The Department of Health and Human Services claims that 20 million people have gained health coverage since the enactment of Obamacare in 2010 through early 2016.
Image result for obamacareOf those people, 2.3 million are said to be young adults (ages 19 to 25) that gained coverage between 2010 and 2013 as a result of the Obamacare provision allowing them to stay on their parents’ plan until age 26.
The remaining 17.7 million people gained health insurance from Obamacare’s first open enrollment period between October 2013 and early 2016.
...The researchers found that just over 14 million people gained coverage from the end of 2013 to the end of 2015.
Of those 14 million, 11.8 million gained their insurance through Medicaid and 2.2 million through private coverage.
...Enrollment in the individual market increased by 5.9 million and the self-insured employer market grew by 3.9 million.
However, these increases were largely offset by an enrollment drop of 7.6 million people in fully insured employer group plans. 
Overall, the net gain in private market coverage was only 2.3 million people.
Medicaid enrollment has surged.
In states that adopted Obamacare’s Medicaid expansion, enrollment surged by 10.4 million.
However, Medicaid enrollment also rose by 1.4 million in states that didn’t expand their Medicaid programs.
Overall, enrollment in Medicaid and the Children’s Health Insurance Program accounts for 84 percent of the total coverage gains from Obamacare since 2014..."

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