Almost 12 million gained Medicaid coverage under ObamaCare
5/01/15 05:22 PM EDT By Peter Sullivan – TheHIll
The new report from the Obama administration shows that as of the end of February, there were over 11.7 million more people enrolled in the programs compared to the period before October 2013, when ObamaCare’s coverage expansion went into effect.
The numbers come on top of another 11.7 million people who signed up for private insurance through the law’s marketplaces.
About 560,000 additional people were enrolled compared to the end of January.
ObamaCare expanded eligibility for Medicaid, the government health insurance program for the poor, up to 138 percent of the poverty line, which is about $33,000 for a family of four.
The Patient Protection and Affordable Care Act (PPACA) is a federal statute that was signed into United States law by President Barack Obama on March 23, 2010. This Act and the Health Care and Education Reconciliation Act of 2010 (signed into law on March 30, 2010) made up the health care reform of 2010. The laws focus on reform of the private health insurance market, provide better coverage for those with pre-existing conditions, improve prescription drug coverage in Medicare and extend the life of the Medicare Trust fund by at least 12 years.
PPACA passed the Senate on December 24, 2009, by a vote of 60–39 with all Democrats and Independents voting for, and all Republicans voting against. It passed the House of Representatives on March 21, 2010, by a vote of 219–212, with all 178 Republicans and 34 Democrats voting against the bill.
On June 28, 2012 Supreme Court Decision: Health Care Law Constitutional
Obamacare’s projected cost falls due to lower premiums under health care law, CBO says
March 9 2015 at 11:56 AM By Max Ehrenfreund – washingtonpost
The estimated cost of President Obama’s signature health care law is continuing to fall.
The Congressional Budget Office announced on Monday that the Affordable Care Act will cost $142 billion, or 11 percent, less over the next 10 years, compared to what the agency had projected in January.
The nonpartisan agency said the Affordable Care Act will cost less for two essential reasons. The first, and most significant, is that health insurance premiums are rising more slowly, and thus requires less of a government subsidy.
In addition, slightly fewer people are now expected to sign up for Medicaid and for subsidized insurance under the law’s marketplaces. That’s because the agency now says that more people than anticipated already had health insurance before the law took effect, and fewer companies than anticipated are canceling coverage. All in all, three million fewer people are expected to sign up for Affordable Care Act provisions by 2025.
Still, by 2025, the CBO estimates “the total number of people who will be uninsured … is now expected to be smaller than previously projected,” because more will have had health insurance to begin with.
All around, it’s positive news for Obama’s law, which has been accused by Republicans of killing jobs and draining federal coffers. Indeed, the CBO itself warned last year the health care law could reduce full time employment as some chose to give up work that provided health care as they relied instead on the government’s subsidies.
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“We are a nation that faces its challenges and accepts its responsibilities. We are a nation that does what is hard. What is necessary. What is right. Here, in this country, we shape our own destiny. That is what we do. That is who we are. That is what makes us the United States of America. And we have now just enshrined, as soon as I sign this bill, the core principle that everybody should have some basic security when it comes to their health care.”
— President Barack Obama, March 23, 2010