Since the inception of the Affordable Care Act, the uninsured rate in America has dropped from 16% to less than 9%, according to the latest update from the Centers for Disease Control and Prevention. In terms of enrollment figures, an October update from the Centers for Medicare and Medicaid Services found that 10.4 million people were enrolled and paying via the ACA's marketplace exchanges by the end of June, with millions more netting health coverage via the expansion of Medicaid in 31 states.
Yet, the enrollment figures and uninsured rate only tell half the story behind Obamacare, which is what the ACA is more commonly called.
Behind a lower uninsured rate stands a sea of disgruntled, money-losing insurers, a relatively low favorability rating of the health law from the American public, and rapidly rising premiums. Even more prominent is the looming presidency of Donald Trump, who's set to take office in a hair over a month. Among Trump's dozens of campaign pledges, perhaps none stood out more than his call to repeal and replace Obamacare once in office. With Republicans maintaining control of both houses of Congress and Trump in the Oval Office, a path to healthcare change seems quite possible. Even if a complete repeal of Obamacare takes longer than expected, a majority vote via a reconciliation bill could remove the meat and potatoes of Obamacare in no time.
Read more at Fox Business News....
Call me at
• Independent Life & Health Insurance Agent
• LegalShield & IDSheld Independent Associate & Director