Most consumers who have signed up – about 85% on average — are eligible for subsidies because they fall below 400% of the Federal Poverty Level (about $90,000 in annual income for a family of four). And most of these folks are choosing silver plans.
In California, just 47% of those who have signed up have received a private health plan.
The rest were put on Medicaid.
In Colorado, just 17% got private coverage, with the other 83% put on Medicaid. In Connecticut, 61% got private coverage, in Minnesota, 71%, Rhode Island 33%, and Washington State 11%.
(Excerpt) Read more at forbes.com ...
This is just another income redistribution scheme. Lots of good numerical info in the article.And of course, while they are quoting the % who got private coverage, it's easy to calculate that the rest are getting Medicaid:
CA -- 53%; CO -- 83%, CT 39%, MN -- 29%, RI -- 67%, WA -- 89%. These are scary numbers -- Medicaid was never intended to cover such huge numbers of people.
CA -- 53%; CO -- 83%, CT 39%, MN -- 29%, RI -- 67%, WA -- 89%. These are scary numbers -- Medicaid was never intended to cover such huge numbers of people.
“The weighted average across all the states shows that only 36% of those who have signed up (but not necessarily paid for) Obamacare, were put on private plans.”
In other words 64% will be on Medicaid!!!!
In other words 64% will be on Medicaid!!!!
