The data is murky, but it sounds a lot more like success than failure.
Today it’s a few hundred thousand people. By next year, it will be at least a few million. Their health insurance status is changing dramatically: What they have in 2014 and beyond will look nothing like what they had in 2013 and before. For many of these people, the difference will be hundreds or even thousands of dollars a year. In a few cases, it may be the difference between life and death.
Here are two facts that have gotten very little attention amid all the controversy about insurance plan cancellations and “rate shock.”Fact one: Thanks to Obamacare’ subsidies, several million people now have the opportunity to get private insurance at essentially no cost.Fact two: Those ultra-cheap policies are pretty threadbare. They might keep people out of bankruptcy, but they still would leave beneficiaries exposed to thousands of dollars in out-of-pocket expenses a year.