If the ACA was such a great thing the government would not have needed an actual law to force people to participate. And on that note, 540K is a long way from 320 million and again, you would think it would be higher considering ACA compliance, even for those purchasing insurance from other sources is an actual law. This means the majority of Americans would prefer to break the law than comply. Again, that is not such a good sign. Much of this is because unless you live in one of the 5 states in which ACA is actually less expensive or are unemployed or underemployed the "A" for Affordable is a lie. It is far more expensive. In fact, my company provided Blue Cross insurance premiums went up by over 20%. I went on the ACA website to price out a possible alternative and it was even more expensive for less coverage.
Originally Posted by Vachon
Vachon, I am glad you posted this. It just illustrates how much confusion there is out there about the ACA law.
1. The ACA is NOT for 320 million people. It is not meant to replace getting health insurance from your employer (assuming you work and your employer offers health insurance to its employees).
2. The ACA law is for the individual market. Typically self employed or underemployed or full time people who work for a small company that does not offer its employees health insurance. People who retire before age 65 and want health insurance are in the individual market.
3. There are about 55 million uninsured people before the ACA law was passed. The ACA is only for citizens. So, subtract out 8 million illegal immigrants, the number of people the law is trying to insure approximately 47 million. The CBO projects or estimates that the ACA law will insure 39 million more people by 2018. Of that 39 million 23 million are projected to go the government exchanges (HealthCare.gov) and sign up for a private plan. You are not going to get 300 million people going to HealthCare.gov for health insurance. The most you will ever see is like 25 million.
4. Stay with me now. IF your employer offers you health insurance your ARE NOT eligible for a subsidy on the government exchanges (HealthCare.gov). If you are offered health insurance coverage from your employer, you should not be shopping on HealthCare.gov.
5. You can do all the comparison shopping you want. Getting health insurance from your employer will always be cheaper than getting it on the government exchange. The risk pools are more favorable. A company with 50,000 employees, most of them will be healthy. That is what an insurance underwriter looks at, RISK.
6. Premiums have gone up for everyone, because the health insurance companies can't weed out high risk people, like they could in the past. Once the risk pools stabilize the premiums price will stabilize ( another year or two). Over 90% of people under age 65 are now insured because of the ACA.
http://www.cbo.gov/sites/default/fil...0Estimates.pdf