So how is ObamaCare doing these days?
Well, let\’s check in with California – a showcase for this wonderful program that allows us to keep our doctors if we like them, keep our insurance policies if we like them, and saves every family an average of $2,500 a year – to find out.
Excerpted from an editorial in the Orange County Register:
After two previous extensions, the open enrollment period for Covered California ends April 30. That deadline just might prove to be the tipping point for the state\’s two-year-old health insurance exchange.
That\’s because this is the year Covered California is supposed to become completely self-sustaining.
Indeed, there\’s no more money coming from Washington after the state exhausts the $1.1 billion it received from the federal government to get the Obamacare exchange up and running. And state law prohibits Sacramento from spending any money to keep the exchange afloat.
That presents an existential crisis for Covered California, which is facing a nearly $80 budget deficit for its 2015-16 fiscal year. Although the exchange is setting aside $200 million to cover its near-term deficit, Covered California Executive Director Peter Lee acknowledged in December that there are questions about the “long-term sustainability of the organization.”
Mr. Lee\’s disquieting assessment actually jibed with a 2013 report by the state auditor, which stated that, until the state\’s health insurance exchange actually started enrolling Californians in health plans, its “future solvency” was “uncertain.” Thus, Covered California was listed as a “high-risk” issue for the state.
The state auditor\’s warning appeared prescient as of Feb. 15, which was supposed to be the close of open enrollment for 2015: Covered California had fallen 300,000 enrollees short of the goal set by Mr. Lee and the agency\’s board of directors.
Indeed, Covered California\’s enrollment growth for 2015 was a mere 1 percent, according to a study this month by Avalere Health. That was worst than all but two other state exchanges. Meanwhile, California\’s Obamacare exchange managed to retain only 65 percent of previous enrollees, the nation\’s fourth-lowest re-enrollment rate.
There you go. That is the wonder of ObamaCare. How can anyone not love it?
What\’s wrong with those people anyway? Can\’t they see how popular it is in California, and how efficiently the program is being run?
Now let\’s all wait for the network news shows to do a feature on what is happening in California so the entire country is informed of how ObamaCare is working out there.
Enjoy the wait.