It’s official: Obamacare caused more cancelled plans than enrollments

Wednesday, January 1, 2014
By Paul Martin

Rick Moran
January 1, 2014

This is one stat that we haven’t heard from the White House. They announced on Tuesday that 2.1 million people had signed up on the exchanges (no one knows how many of those have actually paid). Meanwhile, it appears that at least 4.7 million Americans had their plans cancelled by Obamacare’s coverage mandates.

Daily Caller:

The Obama administration has yet to announce the final tally of full enrollments, which are only confirmed once customers have made their first payment, but Cato Institute health policy expert Michael Cannon warns that not all those who signed up will complete their purchases, potentially leaving the White House with an even lower bottom line.

Even without the full number of enrollments, Obamacare’s current net effect is clearly in favor of cancellations. Millions are already seeing Obamacare’s adverse effects – largely due to more mandates for more services.

The health-care law requires that all insurance plans cover 10 “essential benefits,” eliminating millions of plans that don’t fit the bill and boosting costs for consumers that have to purchase coverage for services they may not want or need.

The Rest…HERE

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