According to a report form the Health and Human Services, more than 16 million Americans have gained coverage as a result of Obamacare.
The report, which is based in part from a Gallup poll, shows that the rate of uninsured citizens has fallen from 20.3% in 2013 to 12.3% in the first quarter of this year. If anyone has any doubts about the Obama Administration reaching its goals in regards to healthcare, this latest news should out that to rest.
But we’re still not out of the woods yet.
From the Huffington Post:
These gains in the national uninsured rate could be reversed. The Supreme Court heard oral arguments this month in a lawsuit, King v. Burwell, that alleges the Affordable Care Act’s tax credit subsidies are only available in 13 states and the District of Columbia, which operate their own health insurance exchange marketplaces. The federal government set up the exchanges in 34 states, and millions of residents would lose their subsidies if the high court rules for the plaintiffs. The Rand Corp. estimates this would result in 9.6 million people becoming uninsured as their health insurance becomes too expensive and the markets in those states destabilize.
Image below courtesy of HuffPo:
Around $1.2 trillion will be spent by the federal government in the coming decade to expand health coverage.. That’s a marked decrease of 11 percent from a budget estimate issued in January, and “even lower than earlier CBO predictions” according to HuffPo’s report.