The Reality of Obamacare

Here's a key graphic about the success (or lack thereof) of Obamacare:

 

It shows some rather important points:

 

1.  By any measure, Obamacare has failed.  Instead of getting insurance to 26 million buyers, it only got to 7.1 million of them.  Since we know that somewhere between 6 and 8 million people who had insurance prior to Obamacare passing lost their policies and then had to buy coverage on the exchanges, it seems as if there are no more people with health insurance today than there were prior to the passage of the law.

 

2.  For achieving essentially no increase in people with insurance across America, the country has spent something in the area of one trillion dollars.  That's a lot to spend for no result even for the federal government.

 

3.  The CBO projections might be wrong, and that could explain the great variance between the actual facts and those projections.  Of course, when we hear about how the tax bill will end insurance for millions (which it won't), those projections are all based upon more CBO estimates.  Given the total failure of past CBO estimates, there's no reason to believe the latest ones.