2 Million Americans Decided Obamacare is Too Expensive

So far in 2017, nearly two million people have fallen off the Obamacare exchange.

With insurance premiums rising an average of 105 percent and dozens of counties with zero health insurers, it’s clear Obamacare is unaffordable and unsustainable.

Via Politico

The number of Americans insured under Obamacare fell by nearly 2 million people between Jan. 31 and mid-March, according to new CMS data that found about 10.3 million still were covered through health law exchanges.

The decline reflects customers failing to pay premiums after they selected plans during the most recent open enrollment period. Roughly 12.2 million people had selected private plans through the federal HealthCare.gov exchanges and the state-run marketplaces that operate in about a dozen states as of the Jan. 31 deadline to sign up.

CMS said high costs and lack of affordability were the most common factors individuals cited when asked why they didn’t keep their coverage.

Enrollment attrition also occurred during the Obama administration, though reporting periods varied. Roughly 11.1 million people were enrolled in Obamacare plans at the end of March 2016, down from the 12.7 million people who signed up during the previous enrollment period.

The new report comes amid continued troubling news about health law insurance markets, including Anthem’s decision this month to pull out of Ohio’s Obamacare marketplace, potentially leaving 10,500 customers in 18 counties without any insurance options for 2018. Republicans in Congress have cited coverage gaps and other problems as justification for repealing the health law.