Consumers Decline Obamacare, Future Uncertain for His Affordable Care Act

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Consumers Decline Obamacare, Future Uncertain for His Affordable Care Act

Consumers Decline Obamacare, Future Uncertain for His Affordable Care Act

The Obama Administration has said millions of people have gained coverage through the Affordable Care Act (ACA) aka Barack Obamacare, but an estimated 28-M Americans are uninsured. And preliminary data shows that about 5.6-M paid a tax penalty rather than buy health insurance in Y 2015, according to the data.

Now, amid the uncertain future of Barack Obamacare in President Elect Donald Trump’s administration, some resisters are feeling vindicated and other consumers simply do not see the need to sign up. Still others, according to Barack Obamacare advocates, are eager to take advantage of what will likely be at least 1 more year of subsidized coverage.

According to the US Department of Health and Human Services (HHS), more than 100,000 people signed up for coverage the day after the election.

Being penalized for not being insured is absurd. Americans should not be forced to buy health insurance. The government should not be in the business of forcing  citizens to buy anything.

For most Americans, cost continues to be the top barrier to health coverage.

In Y 2015, 46% of uninsured adults of varying ages, ethnicities and income levels said they did not have coverage because it was too expensive, according to a Kaiser Family Foundation survey.

Have a terrific weekend.

 

 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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