107 million losers to 14 million winners.No image available
Made popular 225 days ago in Politics
forbes.com — The President has been trying to spin Obamacare’s problems by claiming that only “5 percent” of Americans are affected by the law’s cancellations of old insurance plans. But that’s not true. The law makes more than half of all private insurance plans illegal; the administration estimated in 2010 that 80 million Americans with employer-sponsored coverage would be forced off their old plans and into Obamacare-compliant ones, along with 13 million cancellations in the market for people who shop for coverage on their own. That’s a total of 93 million.

Most of those people will still have health coverage under the Obamacare system. But that new coverage is likely to be more expensive and less attractive, with higher premiums, higher deductibles, and narrower physician networks.

Obamacare cuts $716 billion from the Medicare program over the next ten years; these cuts will disproportionately affect seniors on Medicare Advantage. While Medicare Advantage needs to be reformed, the 14 million people enrolled in the program aren’t going to feel like Obamacare is doing them any favors. And this market is of far greater importance to private insurers like United, Aetna, and Humana than the exchanges are.

So, that’s 13 million individual-market cancellations, plus at least 80 million people facing higher costs for employer-sponsored insurance, plus 14 million Medicare Advantage customers facing meaningful cuts. On the plus side of the ledger, if we’re optimistic, we’ll say 4 million enrollees in the Obamacare exchanges. Plus we’ll count the 10 million new enrollees in the Medicaid program as “winners,” for the sake of argument. That’s 107 million losers to 14 million winners.

Posted by james2044
27 Votes
1 Comment
Who will be the biggest loser due to ObamaCare?
People with employer-sponsored coverage
People with private insurance plans
Seniors on Medicare Advantage
Seniors on Medicare
This is not a scientific survey, click here to learn more. Results may not total 100% due to rounding and voting descrepencies.
User Comments
Posted 225 days ago
0 up votes, 0 down votes
I selected "Democrats" over "Obama" as Obama already has all the status he will get. While hated, he won't suffer real problems living well.
The Democrats might find themselves in a political wilderness where only about 40% of the population will vote for them. This means few state-wide offices and even fewer national offices, For a historical view check elections from Grant to Wilson. However, the Democrats had the old CSA states to support them and that may not be the case going forward.
As the "Deep Blue" states go bankrupt, fewer and fewer Democrats are going to find support with working Americans.
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