The Slow-Motion Implosion of ObamaCare

via Wall Street Journal

Health and Human Services Secretary Sylvia Burwell announced recently that she expects 10 million people to be enrolled in health-care coverage through ObamaCare’s exchanges by the end of next year. What she didn’t mention was that in March of last year the Congressional Budget Office predicted that 21 million people would be enrolled in 2016—more than double the new estimate.

The administration says the difference can be explained away: For instance, fewer companies dropped coverage than expected, thus fewer employees are migrating from employer-sponsored plans to the exchanges. “We haven’t seen much of a shift at all,” Richard Frank, a health and human services assistant secretary, told USA Today.

But the question isn’t where Americans are getting health insurance. It is whether ObamaCare will provide more Americans with affordable insurance for decades to come.

Read the full article here

Advertisements

About thebenefitblog

Eric is a Producer at Lockton Insurance Brokers, Inc., the world’s largest privately held commercial broker. Eric has over 23 years of experience in the insurance industry and has spent the last 11 years with Lockton. Eric specializes in Health & Welfare Benefits, Retirement Planning, and Executive Benefits. Eric's clients utilize his expertise in the areas of Plan Due Diligence, Transaction Structure, Fiduciary Oversight, Investment Design, Compliance and Vendor negotiation to improve the operational & financial outcome for each client. The Benefit Blog is a place to share that expertise and industry news.
This entry was posted in Uncategorized. Bookmark the permalink.