The Health of Obamacare

via Wall Street Journal

Obamacare, in short, is neither the triumph touted by supporters nor the disaster trumpeted by opponents.

More than five years ago, the Affordable Care Act—what most of us call Obamacare—was passed into law with two big declared goals: to reduce the number of Americans who lack health insurance and to cut health spending that doesn’t give good value for money. Has the law been a success? The country is sharply divided. The most recent Gallup and Kaiser Family Foundation tracking polls show public opinion almost evenly split, with Democrats largely supporting the law and Republicans opposing it. This partisan divide in public opinion has changed little since 2009, when President Barack Obama won a narrow victory in Congress for his signature domestic legislation.

What is different now is that we have a few years of direct experience of Obamacare. The most recent research on the law’s real consequences is more ambiguous than either side usually lets on.

Obamacare has indeed reduced the number of Americans without insurance. According to a recent study in the journal Health Affairs, around 10 million previously uninsured people gained coverage in 2014—when most of the key provisions took effect—through expansions of Medicaid or the new “marketplaces” (subsidized insurance exchanges) created under Obamacare..

Read the full article here

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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.
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