Monday, July 13, 2015

People Think Obamacare is Bad -- Participation Rates Prove It

HHS released data around the participation rates among people who are eligible for Obamacare. Interestingly, but not surprisingly, as income levels rise and government subsidies decrease, participation levels fall off dramatically. What this says is that people do not find Obamacare to be a good value. The more of their own money they have to put up, the more they reject it.

Wouldn't it be nice if the government created plans that people actually wanted to buy instead of ones with richly mandated benefits that few need or want, restricted physician networks and a shell game where young people are asked to pay more so that older people can pay less?


Subsidy Level
% Above "Poverty Line"                % of Eligibles Participating

110-150%                                                     76%
151-200%                                                     41%
201-250%                                                     30%
251-300%                                                     20%
301-400%                                                     16%

Source: Health and Human Services (HHS)

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