The Cost of ObamaCare Is Down 8%, but That May Not Be Good News
But so is access to doctors and hospitals in the plans offered on the health insurance exchanges.
A Congressional Budget Office report estimates lower federal spending (see the figure). The reason: Health plans in the exchanges look more like Medicaid than like employer-based coverage. Jason Millman reports:
The CBO report points out that it previously thought ObamaCare’s exchange plans would look more like employer-based coverage, but that hasn’t turned out to be the case so far — hence, the cheaper premiums. “The plans being offered through the exchanges this year appear to have, in general, lower payment rates for providers, narrower networks of providers, and tighter management of their subscribers’ use of health care than employment-based plans,” CBO wrote.
The CBO projects 42 million people will remain uninsured this year. In fact, the ACA will never cover more than 45% of the uninsured.
Two major critiques for ACA: huge expenditure and low coverage. One is gone, let’s see the another one.
“The CBO projects 42 million people will remain uninsured this year. In fact, the ACA will never cover more than 45% of the uninsured.”
A long way to go.
Yes, although universal coverage looks really attractive, governmental intervention cannot achieve that goal.
That is because premiums are way too expensive.
Success? I don’t think so…
Lower federal spending is a sort of success.
Apparently we pay too much tax..
Are you an anarchist?
No, but I believe people should decide what to buy.
Less access to care isn’t a success though.
Kinda sad that 42 million will remain uninsured. I thought the goal was to get everyone insured.
Federal healthcare, national debt, entitlements, more waste and more spending… we are looking at just more burdens that pass from generation to generation. Is this right for our grandkids!!??
If the millennials can some how get themselves out of the mess we are leaving for them, they will be known as the “new greatest generation.”
Well yeah, less doctors on the plans means less spending. But you know that headline will be the only thing publicized in the media.