The numbers aren’t looking good for Obamacare. The Daily Signal reviewed the enrollment figures for the first half of 2014 and found that while 8,538,237 more people have health insurance since Obamacare went live, 71% of that growth in coverage was from Medicaid expansion.
Here is the breakdown of the numbers:
- 6,254,564 people purchased an individual market insurance plan either through the Obamacare exchanges or the private market.
- But the growth in the individual market was offset by a drop in employer sponsored plans by 3,788,978 people.
- 5,716,977 people enrolled in Obamacare Medicaid expansion.
- There were 355,674 new Medicaid enrollees in states that did not implement Obamacare Medicaid expansion.
So while the individual market grew by a net amount of 2.4 million, Medicaid grew by more than twice that figure, 6,254,564.
The Daily Signal sums up the results as follows,
“Thus, while most of the attention this year focused on the new health insurance exchanges, the data indicate that a significant share of exchange enrollments were likely the result of a substitution effect—meaning that most of those who enrolled in new coverage through the exchanges already had coverage through an individual-market or employer-group plan.” (Emphasis added.)
“Given that increased enrollment in Medicaid accounted for 71 percent of the net growth in health insurance coverage during the first half of 2014, the inescapable conclusion is that, at least when it comes to covering the uninsured, Obamacare so far is mainly a simple expansion of Medicaid.” (Emphasis added.)