At this time last year the Affordable Care Act seemed destined for disaster, with the rollout of the nearly inoperable HealthCare.gov marketplace. But as the second open-enrollment period continues, evidence shows the ACA had some success in its first year.
Did it reduce the number of uninsured?
Yes. As of October 2014, 13.4 percent of adults in the U.S. were uninsured, the lowest rate since 2008, when the Gallup poll began tracking this information. It is also almost a 5 percent drop from the previous year, when the first open enrollment period began.
Was the insurance truly affordable?
Yes and No. For people with low and moderate incomes – about $29,000 for an individual or $59,000 for a family of four – the law was particularly helpful. Twenty percent of people in this group reported paying $0 for insurance and only 23 percent said their premium was more than $125 per month. But people with higher incomes said they were paying more per month and had greater difficulty affording coverage. The people that fall into this income bracket receive lower subsidies.
Did HealthCare.gov ever really work?
Yes and No. The part of the site that consumers used to sign up for plans worked so by the end of the first open enrollment period, more than 8 million people had bought insurance through the marketplaces. However, the “back end” of HealthCare.gov, the part that connects the marketplace with individual insurance companies is not fully automated.
For more information, read the full article by Consumer Reports this post summarizes.