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