Only 2m of Obama’s ‘9.5m newly insured’ are paying exchange customers

Only 2m of Obama’s ‘9.5m newly insured’ are paying exchange customers

[Ed. – And that’s best case: assuming the administration’s figures are even valid.]

The Los Angeles Times, citing studies and information the Obama administration most certainly knows about but won’t release, reports that 9.5 million previously uninsured people now have health coverage because of Obamacare. Look for that 9.5 million, or perhaps a rounded-up 10 million, to be come the talking point for Obamacare supporters in coming days.

The Times says the numbers break down like this: 4.5 million previously uninsured people are now on Medicaid; 3 million previously uninsured young people are now covered because of a provision that allows them to stay on their parents’ policies until age 26; and 2 million previously uninsured people have purchased coverage on the Obamacare exchanges. In all, it is “the largest expansion in health coverage in America in half a century,” according to the Times.

Assume all the numbers are correct, or at least close to correct. By far the largest part of Obamacare’s health coverage expansion has come from a) expanding Medicaid, and b) allowing young people to stay on their parents’ coverage. The part where Democrats essentially blew up the health care markets, imposed the individual mandate, and caused premiums to rise and deductibles to skyrocket? That hasn’t been such a success. If the Times number are correct, all of that — placing new burdens of higher costs and narrower choices on millions of Americans, in addition to setting the stage for coming changes in employer-based coverage — has resulted in two million of the previously uninsured gaining coverage.

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