One looming issue that President Obama did not address in last week’s press conference about the latest technical and bureaucratic snafus with the Affordable Care Act has to do with the act’s heavy reliance on America’s younger generation. Without young, mostly healthy people pouring money into the new insurance pool, the Affordable Care Act would not be, well, affordable.
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February 5, 2014 – We were led to believe that the Affordable Care Act will take care of 47 million uninsured Americans when it comes to their healthcare. According to the 2010 projections by the Centers for Medicine and Medicaid Services (CMS), 14 million Americans will enroll in 2014 in the new Health Insurance Exchanges. That would still leave 33 million Americans uninsured by the end of this year.
Yet even that modest forecast has already been reduced by half, with the Congressional Budget Office (CBO) projecting that just 7 million Americans will enroll this year. So that will leave some 40 million Americans uninsured. These figures are well short of the goal of delivering affordable health care to all.