When the Affordable Care Act (Obamacare) was enacted in 2010 I was happy to hear that a universal healthcare system would insure the ~47 million Americans who were previously not insured. After all, disease doesn’t discriminate between rich and poor. Also, being rejected for healthcare coverage due to a pre-existing condition is discriminatory.
Fast forward to today: roughly 25 million people are STILL uninsured, even though there are subsidies provided by those who make more (mostly me and you). What’s going on?
Nearly 65 percent of uninsured adults who were aware of Obamacare marketplaces said they had not visited one to seek coverage because they didn’t think they would be able to afford it according to The Commonwealth Fund, a private organization aimed to promote a high performing healthcare system. Further, 85 percent of uninsured adults who actually shopped for coverage said they didn’t enroll in the end because they couldn’t find an affordable plan.
Check out this chart explaining why there are still ~25+ million uninsured people in America.
Nobody really believed that all 47 million uninsured people would suddenly get health insurance under Obamacare, despite the subsidies and penalties. But the fact that five years has gone by and 60% of those who were uninsured are still uninsured seems like another example of incredible government inefficiency. Yes, 20 million more people now have health insurance is progress. But what has been the cost?