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Finding out what’s not in it: New census data has now confirmed that Obamacare has consistently failed to enroll the predicted numbers of the uninsured.
The population-wide uninsured rate fell from 14.5% in calendar year 2013 to 11.7% in 2014. The total number of uninsured dropped from 45.2 million in 2013 to 36.7 million in 2014–a net of 8.5 million who gained coverage.
While some, including President Obama, have bragged about these numbers, when we compare them with the predictions we find that Obamacare is significantly failing to insure the numbers it promised. Leftwing think tanks had generally predicted numbers 50% to 100% higher. The Obama administration however was even more optimistic.
For example, around the time Congress passed the bill, the Medicare actuary (at Centers for Medicare and Medicaid Services or CMS) had predicted that the number of uninsured would decline by 23.8 million just in its first year! The Congressional Budget Office (CBO) had been somewhat more cautious, but nevertheless expected Obamacare to reduce the number of uninsured by 19 million in 2014 alone.
What these facts teach us is that the utopian dreams of ideologues rarely come close to reality. Often, they not only fall short, they often worsen the situation, which in the case of Obamacare is certainly true. Though more people now have health insurance, that coverage is generally far more expensive and covers far less than plans did prior to the law.