Hooray, Obamacare Slightly Reducing Uninsured Rate

This is one of two stories the media is crowing about, the other being CNN’s poll about approval for Ocare “rebounding”

(IBT) The uninsured rate among all major demographic groups in the U.S. is going down, but Hispanics are still among the least insured in the country, a new survey found.

The Gallup-Healthways Well-Being Index, which measures so-called well-being, released its findings on Monday, showing that 15.9 percent of Americans are uninsured thus far in 2014. That’s down from the last quarter of 2013, when 17.1 percent of Americans had no health insurance.

A possible reason for the decline is one most congressional Republicans probably don’t want to hear, since they recently voted a 50th time to try to dismantle it: the Affordable Care Act, also known as Obamacare. According to researchers, more than 3 million people have signed up for insurance through Obamacare exchanges.

Say, what happened during the 4th quarter of 2013? That’s right, millions upon millions of Americans saw their health insurance plans cancelled, due to Obamacare. The rate was actually 14.4 during the last quarter of 2008, and rose heavily during Obama’s years in office. A big drop was in low income and Blacks, the former being shuffled into Medicare, going from 6.6% to 7.4% between the 4th quarter of 2013 the end of February 2014.

Fewer people are getting their insurance through their employers, with a drop of 2.2% between the 4th quarter of 2013 and the end of February 2014.

Let’s also consider that people really do not have a choice: they can purchase health insurance or be taxed/fined/Individual Shared Responsibility Paymented. An increase in the insured is a good thing. The way Obamacare operates overall is not. And this still leaves 49 million uninsured. Remember, CBO estimates are for 31 million Americans to remain without insurance.

Crossed at Pirate’s Cove. Follow me on Twitter @WilliamTeach.

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