Open enrollment for Obamacare is over, and HHS announced yesterday that 12.7 million people signed up via the exchanges plus another 400,000 via New York’s Basic Health Program. So that gives us 13.1 million—up from 11.4 million last year. And since HHS is getting better at purging nonpayers, this number should hold up better throughout the year than it did in 2015. Charles Gaba has more details here.
Add to that about 15 million people enrolled in Medicaid thanks to the Obamacare expansion, and the total number of people covered this year comes to 28 million or so. This means Obamacare has reduced the ranks of the uninsured from 19 percent to about 10 percent. Not bad.
Obamacare’s raw enrollment numbers remain lower than CBO projected a few years ago, but that’s partly because employer health care has held up better than expected—which is a good thing. The fewer the people eligible for Obamacare the better. More on that here. Generally speaking, despite the best efforts of conservatives to insist that Obamacare is a disastrous failure, the truth is that it’s doing pretty well. More people are getting covered; costs are in line with projections; and there’s been essentially no effect on employment or hours worked. The only real problem with Obamacare is that it’s too stingy: deductibles are too high and out-of-pocket expenses are still substantial. Needless to say, though, that can be easily fixed anytime Republicans decide to stop rooting for failure and agree to make Obamacare an even better program. But I guess we shouldn’t hold our collective breath for that.