Most Obamacare enrollees are satisfied with coverage, but worries over costs are rising
Most Americans enrolled in health plans through the Affordable Care Act are happy with their coverage, despite persistent attacks on the health law by Republicans, including presumptive presidential nominee Donald Trump.
But consumers are increasingly concerned about their monthly premiums and deductibles, reflecting rising anxiety among all Americans about their medical and insurance bills, a new national survey found.
Nearly 6 in 10 working-age Americans who have a health plan through one of the marketplaces created by the law said they are satisfied with their monthly premiums, and just over half say they are satisfied with their deductibles.
Let’s unpack this:
- You might think that this a survey of all Americans, but it’s only people enrolled in ObamaCare plans. Who wouldn’t be satisfied with coverage that is paid for in part by someone else: taxpayers?
- Even then more than 40% are not satisfied. Give them discounted, in some cases, free health insurance and still many people are dissatisfied.
- Wanting to change the program or replace it isn’t an attack.
That is a pronounced decline from previous years. In 2014, the year the marketplaces opened, nearly 7 in 10 consumers said they were satisfied with their premiums, and 59% said they were satisfied with their deductibles.
Consumers making less than four times the federal poverty level — about $47,000 for a single adult or $97,000 for a family of four — qualify for subsidies. And insurers must provide a basic set of benefits and cannot turn away consumers, even if they are sick.
Enrollment in the marketplaces has been increasing, but at a slower rate than initially forecast; there are about 12 million people in a marketplace plan.
So after all the disruption to the healthcare system, and the billions flushed down the toilet into state plans that went belly up, only 12 million American are enrolled.
Remember this, April 1, 2014?
WASHINGTON — After a rollout so shaky that many wondered if the Affordable Care Act would be able to stand, more than 7 million people have chosen health plans through the insurance exchanges created under the law, the White House said on Tuesday.
“Last night, the first open enrollment period under this law came to an end,” President Barack Obama said. “And despite several lost weeks out of the gate, several lost because of problems with the website, 7.1 million Americans have now signed up for private insurance plans through these marketplaces. 7.1.”
Two years later, only 5 million more have joined. Big whoop!