CBO: Obamacare Enrollments off by 40%

Obamacare

More Irrefutable evidence that Obamacare is an abysmal failure

American Thinker:

“The CBO reports that Obamacare will enroll far fewer people than expected in 2016. Instead of 20 million Americans signed up, only 13 million are expected to carry Obamacare insurance.

 

The smaller enrollment tally will not likely mean a substantial decrease in costs, however.

Though it predicts fewer customers, the budget office says the number of people receiving subsidies will be higher than expected. About 11 million people are expected to receive subsidies this year, compared to 8 million people in 2015.

And while healthcare spending has grown more slowly in the last several years, the CBO is projecting that per-person spending on healthcare programs “will grow more rapidly than it has in recent years.”

Part of the problem for the administration is that there are fewer individual plans being offered because there are fewer companies participating, giving consumers fewer options. And those options are more expensive than ever, with most companies raising premiums by double digits.

Source-American Thinker: Despite the threat of a hefty fine for not carrying health insurance, the American people are not signing up for Obamacare insurance plans at anywhere near the rate predicted by the administration. The CBO reports that Obamacare will enroll far fe…

Source-The Hill:  http://thehill.com/policy/healthcare/266949-cbo-lowers-forecast-for-obamacare-sign-ups-by-40-percent

Source-The Congressional Budget Office: The Budget and Economic Outlook: 2016 to 2026 

Footnote #68. Previously, CBO and JCT projected that an average of about 15 million people per month would
receive exchange subsidies in 2016 and that an additional 6 million people would purchase
unsubsidized coverage through an exchange, bringing the total number of people enrolled in
coverage purchased through exchanges in any given month to 21 million, on average. Most of the
unsubsidized people who are no longer expected to purchase insurance through an exchange are
expected to purchase insurance directly from an insurer instead.

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