The Obama administration is touting the latest ObamaCare enrollment figures as evidence that the healthcare law is a success, but a closer look reveals that it isn’t nearly as successful as anticipated at the outset — and it may never be.
“As we approach the five-year anniversary of the Affordable Care Act, we continue to see signs that the act is working,” Meena Seshamani, director of the Department of Health and Human Services’ Office of Health Reform, told reporters March 16. “It means that 16.4 million people no longer need to put off care because they don’t have health coverage. The Affordable Care Act is an important part of the everyday lives of millions of Americans.”
That 16.4 million represents the number of previously uninsured Americans who have obtained coverage under ObamaCare as of February 15, the end of the latest regular open enrollment period.
That sounds like a major improvement over the pre-ObamaCare state of affairs, but consider this: When the Affordable Care Act (ACA) was passed in 2010, the Congressional Budget Office (CBO) projected that by 2015, there would be a net increase of 26 million individuals with health insurance (15 million through Medicaid plus 13 million through the exchanges minus 2 million who either lost or didn’t get health insurance because of the ACA). Thus, even if no one had lost coverage since 2010 — and we know millions have — ObamaCare would be performing well below expectations.