8 ways Obamacare has proved its critics wrong
Updated by Sarah Kliff on February 19, 2015, 12:20 p.m. ET
Back in the fall of 2013, it wasn't exactly a bold move to predict Obamacare would turn out to be a complete disaster. Healthcare.gov was busted. Sign-up numbers were dismal. Americans are "not interested" in buying what the president was selling, talk radio host Rush Limbaugh declared on his radio show in late October.
House Speaker John Boehner was a bit more pointed. "When you step back and look at the totality of this," he said at a November press conference, "I don't think it's ever going to work."
These days, Obamacare seems to be working reasonably well. The Obama administration announced Wednesday that 11.4 million people signed up for private coverage in 2015, an increase of about 3 million from 2014. We can definitively say that more people have coverage after Obamacare than did before. We also know that people who bought Obamacare say they're generally pretty happy with their health insurance plans and that they can mostly get a doctor appointment within two weeks.
Looking back at expectations set during the first enrollment shows how terribly pundits and politicians expected Obamacare to go — and how much of the predicted disaster never actually happened:
1) Nobody wants to buy Obamacare
2) Obamacare will "never" meet its enrollment goal
3) Obamacare will wreak havoc on the economy
4) The website will never work
5) Only people who already had coverage are signing up
6) Obamacare would cause a net-loss of insurance
7) Premiums will skyrocket
8) Obamacare just can't work
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Most folks' rates went up every year before the ACA anyway. Rates are rising slower now. My company, admittedly likely much larger than yours, has seen minimal impact on costs for the ACA. It kept HR busier for a while, mainly last year. About it.Multiple studies have demonstrated the average insurance rate has gone up in most states due to Obamacare.
Most folks' rates went up every year before the ACA anyway. Rates are rising slower now. My company, admittedly likely much larger than yours, has seen minimal impact on costs for the ACA. It kept HR busier for a while, mainly last year. About it.
8 ways Obamacare has proved its critics wrong
1) Nobody wants to buy Obamacare
2) Obamacare will "never" meet its enrollment goal
3) Obamacare will wreak havoc on the economy
4) The website will never work
5) Only people who already had coverage are signing up
6) Obamacare would cause a net-loss of insurance
7) Premiums will skyrocket
8) Obamacare just can't work
More >>
Most folks' rates went up every year before the ACA anyway. Rates are rising slower now. My company, admittedly likely much larger than yours, has seen minimal impact on costs for the ACA. It kept HR busier for a while, mainly last year. About it.
Just like with anything if one shops around they can find a better price year to year if their rates increase too much. Over the last 10 years prior to our tripling of our premiums under Odumbo we went up a total of 5.2% which is about 1/2% per year. So 5.2% for 10 years and then a 192% increase this year. And there are plenty of others like ourselves who have experienced the same magnitude of increases.
Who is being penalized? (1) healthy, fit people (2) people who work for a living and make more than thehandoutsubsidy cutoff.
Most folks' rates went up every year before the ACA anyway. Rates are rising slower now. My company, admittedly likely much larger than yours, has seen minimal impact on costs for the ACA. It kept HR busier for a while, mainly last year. About it.
You fail at statistics.1) Wrong! Nobody wants to buy it? Hmmm I know quite a few who didn't want to buy it, myself included.