Oh no. This isn’t working out how we planned.
The five-year plan called for the uninsured to gratefully flock to the health care exchanges and pick up their Obamacare! But instead people are just shopping for better deals.
Early signals suggest the majority of the 2.2 million people who sought to enroll in private insurance through new marketplaces through Dec. 28 were previously covered elsewhere, raising questions about how swiftly this part of the health overhaul will be able to make a significant dent in the number of uninsured.
Only 11% of consumers who bought new coverage under the law were previously uninsured, according to a McKinsey & Co. survey of consumers thought to be eligible for the health-law marketplaces.
A big problem, it seems, is that the Affordable Care Act isn’t all that affordable:
One reason for people declining to purchase plans was affordability. That was cited by 52% of those who had shopped for a new plan but not purchased one in McKinsey’s most recent sampling, performed in January.
Some of those shopping for plans are in the market because their employers canceled their insurance and dumped them into Obamacare.
Well, perhaps more people will start signing up once those fines – I’m sorry, taxes – start kicking in. Because remember, the ballast for Obamacare isn’t really affordability. It’s coercion.