Obamacare numbers continue to tank
We are still finding out what’s in it: Enrollment numbers in Obamacare for 2017 turn out to be far worse than any prediction, resulting in more insurance companies considering an exit.
[T]he nonpartisan Congressional Budget Office predicted last year that 15 million Americans would enroll in Obamacare plans through the various marketplaces in 2017 (down from an initial expectation of approximately 21 million when the law first passed. The Obama administration’s Department of Health and Human Services lowered their 2017 expectations to 13.8 million. But the federal exchange totals are hundreds of thousands of consumers off-pace from last year, which was already sufficiently lackluster as to trigger an exodus of several major insurers. …Charles Gaba, a pro-Obamacare tracker of ACA signups, …estimated that to stay on track with the HHS projections, the federal exchange would need to tally roughly 10.6 million enrollees. The actual number was just 9.2 million.
The whole shebang is collapsing, regardless of what the Republicans in Congress do. Read the article, however, because it also provides some interesting analysis of what Congress is considering.
We are still finding out what’s in it: Enrollment numbers in Obamacare for 2017 turn out to be far worse than any prediction, resulting in more insurance companies considering an exit.
[T]he nonpartisan Congressional Budget Office predicted last year that 15 million Americans would enroll in Obamacare plans through the various marketplaces in 2017 (down from an initial expectation of approximately 21 million when the law first passed. The Obama administration’s Department of Health and Human Services lowered their 2017 expectations to 13.8 million. But the federal exchange totals are hundreds of thousands of consumers off-pace from last year, which was already sufficiently lackluster as to trigger an exodus of several major insurers. …Charles Gaba, a pro-Obamacare tracker of ACA signups, …estimated that to stay on track with the HHS projections, the federal exchange would need to tally roughly 10.6 million enrollees. The actual number was just 9.2 million.
The whole shebang is collapsing, regardless of what the Republicans in Congress do. Read the article, however, because it also provides some interesting analysis of what Congress is considering.