For three years running, the uninsured rate has remained unchanged, government data show. That means, despite massive taxpayer costs, ObamaCare is tapped out.
According to the Centers for Disease Control, the overall uninsured rate last year was 9.1%, the same as it was in 2015.
If you take out retirees, who are automatically covered by Medicare, the uninsured rate was 10.7% last year, up a fraction from 10.5% in 2015.
The uninsured rate for the near poor hasn't budged in three years. And it's climbed for those characterized by the CDC as "not poor." It went from 6.6% in 2015 to 7.2% in 2017.
the CDC data also show that, despite all the hoopla over how ObamaCare would "fix" the private insurance market, all the gains in coverage under ObamaCare came from getting more people on Medicaid.
In other words, it was ObamaCare's Medicaid expansion that did all the work of reducing the uninsured rate, not the guaranteed issue rules, benefit mandates, the multibillion dollar ObamaCare exchanges, the failed co-op experiments, the insurance bailouts, or the tens of billions of dollars each year premium subsidies.
Here are the numbers:
- CDC data show that the uninsured rate among those under age 65 declined from 16.4% in 2007 to 12.4% in 2017.
- However, over those same years the share covered by private insurance dropped from 66.8% to 65.4%.
- The share with government insurance, meanwhile, shot up from 18.1% to 25.3%.
One very large study found that the health of those on Medicaid wasn't significantly better than those who lacked insurance altogether. Medicaid is in desperate need of reform, and ObamaCare opened the door to this disastrous program to millions more people.
At the same time, ObamaCare failed to "reform" the private insurance market. If anything, it exacerbated the problems. ObamaCare's mandates and regulations forced premiums in the individual insurance market through the roof, pricing many middle-class families out of the insurance market altogether.
ObamaCare's failures are plain for all to see.
https://www.investors.com/politics/editorials/medicare-for-all-democrats-midterm-elections/