New Data Show Obamacare Gaining Traction
The percentage of uninsured Americans is falling sharply, reaching 15.9% as of the end of February, according to Gallup. That’s the lowest rate the survey firm has measured since 2008. The greatest gains in insured status were shown by people earning less than $36,000 — a prime target for the act — and black Americans. Hispanics still lag. – The cost of health insurance and medical care came sharply down in January, according to number-crunchers at Goldman Sachs and the Commerce Department. Goldman Sachs attributed the slide to cuts in the reimbursement formulas for Medicare services, which are written into the law. The ACA is effectively putting more money in people’s pockets –
the Commerce Department estimated that the expansion of Medicaid benefits under the ACA amounted to $19.2 billion in January. – The grand total of Obamacare enrollees — including insurance exchanges, Medicaid members, and young persons kept on their parents plans — can be estimated as high as 13 million, according to independent statistician Charles Gaba, whose conclusions and methodology can be found here. The ACA is making increasingly deep inroads into the population of uninsured persons, not merely those who had insurance previously and have just switched over to exchange plans or Medicaid.
More here: http://www.latimes.com/business/hiltzik/la-fi-mh-obamacare-gaining-traction-20140310,0,55174.story#axzz2vgGN1SFh
Found the Obama Diary