Wednesday, August 12, 2015

An Embarrasment of Linkage

Three important items, all deserving their own posts, but life (and work) intervene:

■ Remember that promise that "if you like your plan, you can keep your plan?" Yeah, well, if you don't like your new ObamaPlan, you're not alone:

"[O]nly 30% of ObamaCare enrollees are satisfied with their current plan, compared with 42% of those with employer plans, and 46% overall."

The good news (such as it is), is that Open Enrollment v3.0 is coming up, so no worries there. Right?

Perhaps more importantly, as uber-wonk Bob Laszewski notes:

"[E]nrollment as a share of the eligible market is dismally low in every income group except those at the bottom — who get coverage almost for free."

No kidding.

As we've long noted, the whole CO-OP program was doomed from the start (something about "sustainability"). Now comes more evidence of its unraveling. From the Hawkeye State:
"A court filing this week shows that the first ObamaCare-created insurance co-op to fail will likely cost $147 million ... CoOpportunity was one of the first ObamaCare co-ops to get off the ground.
It was also the first to fail."
But it won't be the last. Bet on it.

We're not a political blog, but of course health care looms large in the upcoming Presidential races. FoIB Avik Roy cautions the current GOP frontrunner that:

"No, Donald Trump, Single-Payer Health Care Doesn't 'Work Incredibly Well' In Canada & Scotland"

As we've long chronicled at IB (here for example), these kinds of schemes result in loss of access and choice, and increased costs (in the form of taxes and fees). Avik lays out the case forcefully and in detail.

Has better hair, too.
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