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June 24, 2014

Who Pays ObamaCare’s Tab?

ObamaCare exchanges aren’t working.

On Monday, Gallup said citizens using the ObamaCare exchanges to get health insurance are less healthy than the national average. Fifty percent of the population is healthy – the definition of average – while only 38% of the new ObamaCare enrollees are of average health or better. The numbers last week show the vast majority of these plans, about 90%, are subsidized by the great Nanny, who picks up 76% of the health care bill for these new enrollees. But this is just the beginning. The Daily Signal reports that only 3.4 million of the eight million people to sign up for ObamaCare did not have health insurance in the past – the government hoped for 26 million. Currently, the Obama administration is picking up the tab while the healthy are keeping their distance. In the coming months, we can expect to see premiums rise with the added burden. More…

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