16 Million Insured Thanks to ‘Obamacare’
Thanks to the Affordable Care Act’s health insurance exchange and Medicaid expansion, 16 million Americans now have health insurance, according to a report released by the Department of Health and Human services on Monday.
According to the report, the uninsured rate has dropped from 20.3 percent in October 2013 (back when sign-ups began) to 12.3 percent early this year.
But, despite the program’s success, it remains under attack. Right now “Obamacare” is back in the hands of the Supreme Court over its wording.
From Huffington Post:
These gains in the national uninsured rate could be reversed. The Supreme Court heard oral arguments this month in a lawsuit, King v. Burwell, that alleges the Affordable Care Act’s tax credit subsidies are only available in 13 states and the District of Columbia, which operate their own health insurance exchange marketplaces. The federal government set up the exchanges in 34 states, and millions of residents would lose their subsidies if the high court rules for the plaintiffs. The Rand Corp. estimates this would result in 9.6 million people becoming uninsured as their health insurance becomes too expensive and the markets in those states destabilize.
To learn more about the report click HERE.