Remember when President Trump said that ObamaCare is failing and would collapse under its own weight? He was right!
Enrollment in ObamaCare has dropped from 12.2 to 10.3 million for this year. More than half of the people who signed up but did not follow through by paying their premiums cited the high cost as the reason.
The number of people who enrolled in Affordable Care Act coverage for 2017 and paid their premiums — rather than just signing up — is 10.3 million, the Centers for Medicare and Medicaid Services announced today. That’s down from the 12.2 million people who had signed up for health care plans during the ACA’s last open-enrollment period, meaning 1.9 million people didn’t follow through by paying their premiums.
Why it happened: A separate CMS survey found that nearly half of all people who canceled their coverage before paying their premiums said they were worried about the cost.
Of course CNN is blaming President Trump:
The Trump administration has thrown Obamacare into turmoil as it seeks to dismantle the landmark health reform act. It canceled millions of dollars in advertising in the final days before open enrollment ended. This outreach is critical to remind consumers — particularly younger and healthier ones — of the deadline.
Also, President Trump, along with his cabinet and congressional Republicans, have repeatedly said Obamacare is collapsing. They have also cast doubt on whether the administration would enforce the individual mandate, which requires nearly all Americans to have health insurance or pay a penalty. This uncertainty may prompt fewer folks to sign up for coverage on the exchanges and to pay their premiums.
They just can’t help themselves!