Obamacare: Exchange Sign-ups Dwarfed by Cancellations
Yesterday, the federal government revealed that shockingly low numbers of Americans are purchasing health insurance on the dysfunctional Obamacare exchange.
In Pennsylvania, it’s clear the law is doing more harm than good. Only 2,207 have signed up for plans on the exchange—less than 1% of what was predicted. In contrast, upwards of 250,000 Pennsylvanians have had their plans canceled thanks to Obamacare.
This spells trouble for Obamacare. The few who have enrolled have already seen massive premium increases, but it could get worse. If not enough young and healthy people participate, premiums on the federal exchange will become even more unaffordable.
Last month at the state level, nearly twice as many individuals signed up for Medicaid and CHIP than for private insurance—even without Medicaid expansion! Thousands of Pennsylvanians are signing up for inferior health insurance that will cost Pennsylvania’s taxpayers billions more. No one wins under this system.
Obamacare is hurting families, destroying jobs, driving up taxes, and undermining quality and affordable health care. A small administrative fix won’t cut it. We need to start over and adopt real health care reforms both at the national and state levels.