Later On

A blog written for those whose interests more or less match mine.

2017 Is Shaping Up To Be the Best Year Yet For Obamacare—Sure hope it’s not its swan song

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From even the planning days, Kevin Drum was pointing out that legislation like Obamacare—complex, with many interconnected organizations and affecting millions of people—generally have start-up problems and hiccoughs, and require some tweaking and “breaking in” and experience before it hits its stride. He blogs today:

Last year, several insurance companies abandoned Obamacare because they were losing money. This year, premiums have spiked 25 percent on the exchanges. As a result, Paul Ryan says insurance markets are “collapsing,” and Republicans are promising to repeal Obamacare practically on Day 1 after Donald Trump takes office.

But a funny thing has happened on the way to the collapse: Obamacare is more popular than ever. Charles Gaba is the go-to guy for Obamacare enrollment data, and the simplified chart on the right is based on his more detailed versions here and here. Last year at this time, a little over 11 million people had signed up on the exchanges. This year, a little over 12 million have signed up. Here’s what this means: . . .

Continue reading.

Written by LeisureGuy

29 December 2016 at 1:39 pm

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