Wednesday, July 26, 2017

CNBC's John Harwood lies about the size of the individual market in health insurance, and by omission

Individual market coverage has risen to 18 million from 11 million in 2013.

That's simply false.

The Kaiser Family Foundation had individual market coverage at 15.4 million already in 2013, as I reported at the time here. Rising by less than three million in four years to 18 million, if that's even true, is purely a function of natural population growth, not Obamacare's success in extending individual market coverage where there was none before. These millions who have seen their premiums and their deductibles soar as a result of Obamacare were far more numerous than Harwood says.

Completely unaddressed by Harwood is the small group market where employers have fewer than 50 employees. Their costs have also soared, as anyone working for a small business can tell you. Obamacare compliant small group plans typically charge FIVE TIMES what individuals used to pay on the individual market before Obamacare. This small group market was 25 million strong in 2013.

That's over 40 million people in 2013 who have born the brunt of paying for Obamacare's handouts to deadbeats and grifters, not the 10 million or fewer Harwood claims.


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