Obamacare is in trouble again, and it will take a massive infusion of members and taxpayer money to save it.
The Washington Times reports that Obamacare exchanges will have to enroll as many as 21 million members next year, according to the figure set in budget projections, in a development that will prove to be a major test of the Affordable Care Act.
However, as of June, the Department of Health and Human Services, which oversees Obamacare, said that only 9.9 million Americans had purchased health insurance plans through the federal HealthCare.gov portal and a handful of state-run exchanges, leaving a gap of more than double the amount required in projections.
Although the 9.9 million figure is ahead of the White House’s own 2015 estimates, it is less than half of what the Congressional Budget Office projected for next year, “showing just how much work officials have ahead of them as the next round of enrollment begins in less than two months,” the paper reported.
The Washington Times further noted:
Industry analysts said the CBO’s estimate for next year is “overly optimistic” and a “stretch,” and that it will take more time for the law to attract that many people onto the Web-based markets, where consumers shop for private health care plans and typically qualify for government subsidies to reduce their monthly premiums.