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Friday, November 1, 2013

80% Americans Unaffected By Obamacare. 16% Benefit. 3% Harmed.

"Is Perfectionism A Curse"

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What economist Jonathan Gruber has to say about Obamacare enrollment. "Gruber broke down the A.C.A. "winners" and "losers" for me. About eighty per cent of Americans are more or less left alone by the health-care act--largely people who have health insurance through their employers. About fourteen per cent of Americans are clear winners: they are currently uninsured and will have access to an affordable insurance policy under the A.C.A. But much of the current controversy involves the six per cent of Americans who buy their own health care on the individual market, which the A.C.A. has dramatically reformed. Gruber argued that half of these people (three per cent of all Americans) will have little change to their polices. "They have to buy new plans, but they will be pretty similar to what they had before," he said. "It will essentially be relabeling." The other half, however, also three per cent of the population, will have to buy a new product that complies with the A.C.A.'s more stringent requirements for individual plans. A significant portion of these roughly nine million Americans will be forced to buy a new insurance policy with higher premiums than they currently pay." Ryan Lizza in The New Yorker



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