ObamaCare’s impact on health costs.
“A four-year slowdown in health spending growth could be coming to an end.
Americans used more medical care in 2013 as the economy recovered, new reports show. Federal data suggests that health care spending is now growing just as quickly as it was prior to the recession.”
“President Obama is bragging that the administration has surpassed its target of 7 million people enrolled in the ObamaCare exchanges, but he isn’t talking about the millions of people who are being harmed so the insurance-salesman-in-chief could make his numbers.”
“As President Obama took his victory lap Tuesday, declaring that 7.1 million people signed up for coverage through his health care program, he said, “The bottom line is this: Under this law, the share of Americans with insurance is up and the growth of health care costs is down.”
This wasn’t the first time that Obama attempted to credit his health care law for the slowdown in the growth rate of health care spending that’s been recorded in recent years.”
“Have you heard? Obamacare survived! It got to that magic number it was looking for to make everything right!
Or rather, it got to half the number the Congressional Budget Office predicted it would get to after the Supreme Court ruling.”
“Young workers signed up for company health plans at a lower rate than last year, a surprising result that kept overall corporate enrollment rates flat.
American companies had been bracing for a big bump in the number of employees signing on to workplace plans as a result of the new government mandate that most American adults buy health insurance or pay a penalty. New data on worker behavior for the 2014 coverage year from payroll services supplier ADP suggests that surge of enrollment never happened, at least for large companies.”
“On Monday, the first open enrollment period for the new Affordable Care Act will close, and the opportunity to sign up for health insurance will not reopen again until November. For our family, President Barack Obama’s promise to make health insurance “affordable and available to every single American” has not come true. “
“The law clearly states that today is the final day to sign up for Obamacare. Only it isn’t. The extension announced last week covers anyone who merely claims they intend to apply. Allowing such a frivolous and unverifiable gesture to circumvent the law neatly captures the paternalistic arrogance of the White House and its signature legislation — only the intent matters. Pay no attention to the cavalcade of undesirable consequences; if we mean well, we can do whatever we want.”
“Today is March 31, 2014: in theory, the last day you can sign up for coverage under the subsidized Obamacare insurance exchanges. If you’ve been a regular reader of this space, you know that the numbers routinely paraded by the Obama administration regarding Obamacare website sign-ups don’t tell us much about the actual number of uninsured individuals who have gained coverage. A new study from the RAND Corporation indicates that only one-third of exchange sign-ups were previously uninsured.”
“One of the fundamental flaws of the Affordable Care Act is that, despite its name, it makes health insurance more expensive. Today, the Manhattan Institute released the most comprehensive analysis yet conducted of premiums under Obamacare for people who shop for coverage on their own. Here’s what we learned. In the average state, Obamacare will increase underlying premiums by 41 percent. As we have long expected, the steepest hikes will be imposed on the healthy, the young, and the male. And Obamacare’s taxpayer-funded subsidies will primarily benefit those nearing retirement—people who, unlike the young, have had their whole lives to save for their health-care needs.”
“A few weeks ago the Obama Administration reported that enrollment in the new insurance marketplaces topped four million through the end of February, then five million by mid- March, showing steady progress since the website woes of October. News organizations jumped on the numbers. Would they get to six million enrollees this year, a target many use for the law? If they do, do they have enough young adults to balance the risk pool? If they don’t, won’t premiums skyrocket? The scorecards were out.”