What else possibly could go wrong?
Obamacare continues to surprise and excite.
The surprise is that it’s not as “affordable” as promised, and which excites such panic that people just don’t bother to sign up in the numbers predicted.
The L.A. Times reports:
Reflecting slower than anticipated enrollment growth in health insurance purchased through the Affordable Care Act, the nonpartisan Congressional Budget Office has lowered its estimate of how many people will get coverage through the law in 2016.
In any given month this year, about 13 million people on average are now expected to be enrolled in a health plan purchased on a marketplace created by the law, often called Obamacare.
That is down from 21 million people previously estimated by the budget office, whose projections about the impact of legislation are closely watched by both parties in Washington.
The lower enrollment number brings the budget office closer in line with the Obama administration, which scaled back its own enrollment targets for 2016, citing the difficulty of reaching new consumers who have not so far taken advantage of the marketplaces.
The NY Times adds some more context:
When the Affordable Care Act was drafted, the Congressional Budget Office expected people to sign up quickly for new health insurance.
Now, two years into the law, it’s clear that progress is going to be slower. The Obama administration acknowledged as much in late 2014, and again in October, when it presented its own modest predictions. Monday, the budget office also agreed, slashing its 2016 estimate by close to 40 percent….
The new budget and economic outlook now predicts that about 13 million people will get their health insurance through the Obamacare marketplaces this year, down from an earlier estimate of 21 million. The budget office’s estimates for future years won’t be released until March, but it seems reasonable to assume they will also come down. Currently, the 2017 estimate is 24 million.
The numbers are buried on page 69 of a lengthy CBO budget report. One thing to note is that almost all people signing up receive subsidies:DONATE
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