Obamacare

In 2010 just before Obamacare became law there were 44 million uninsured and today that figure is 30 million. About half of those 14 million went into Medicaid. This happened because Medicaid was changed to take in adults without children. The other half remain in Obamacare and they receive free or subsidized coverage. The original cost estimate for Obamacare was $940 billion for the first ten years and it was to insure 30 million people. This would be $3,100 per year per person. After year one the estimated cost was raised to $1.8 trillion and the actural cost for the first ten years was $2.5 trillion. Health care cost did not rise as much as expected because people did not use services like expected. People concentrated on the monthly cost of Obamacare but overlooked the annual deductible. The result is that many people did not use medical services as expected because of the high deductible and they paid for most expenses out of pocket. The original cost estimates of $3,100 per year per person should have been an early warning about deductibles but no one paid any attention and thus sticker shock when they had to use their insurance.