MORE than nine months after the disastrous launch of the Affordable Care Act's health exchanges, officials this week released new data that show the exchanges worked well after all. In the 36 states where the federal government ran the exchange, shoppers could choose from an average of five insurers. Nearly 90% of those who signed up qualified for federal subsidies, which brought down their average premium from $346 a month to $82. Health officials hailed the data as proof that Obamacare had expanded access to good, affordable insurance.
This will ring true to many Americans who signed up for coverage, particularly those who have subsidies. However there are many millions more who were deterred from buying insurance this year because of the cost. Obamacare's success was never going to be determined in its first year. Much depends on...Continue reading