Wednesday, April 2, 2014

Why 7 Million Signups Won't Save OCare

Scoffing at Obamacare supporters for cheering 7.1 million Obamacare sign ups, Ben Domenech argues "the 7 million figure as salvation from supporters of the law is completely bonkers."
The reason the number of people signed up for Obamacare – via the exchanges or Medicaid – matters is that it is, unexpectedly, a much smaller number than originally anticipated. This is in part due to the failure of the approach, and in part due to failure of execution.  What is truly surprising is the degree to which the previously uninsured have not signed up for either program. We’re dealing with a far smaller magic number of beneficiaries than CBO expected:
The health care law’s stumbles out of the gate were unexpected, and it’s understandable that supporters would look for any silver lining as a sign of hope that this approach would be a success. But it is a mess. It will continue to be a mess. The winners are heavily outnumbered by the losers at the current moment, and there is no sign that a bend in the cost curve or a shift in premiums will change that dynamic. Supporters of the administration will try to find poll numbers that indicate avenues to success or achieve more support for the law. But the negatives of the law have eroded support among the very constituencies who were supposed to love it.

President Obama promised that under his law, we could keep our plans, we could keep our doctors, and our premium costs would go down. None of that has happened. And unfortunately for supporters of the law, that’s what people care about. All Obamacare had to do to be a popular success was to work – was to match up with the expectations President Obama and the Democrats set for it. If it did, they would be running on the issue for a generation – if it didn’t, the issue would be a weapon for the other side.

It hasn’t. They can’t. It is. And if you think I’m wrong, there’s a handy test for that this fall: it’s called the ballot box.

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