by Katherine Restrepo
Director of Health Care Policy, John Locke Foundation
When Obamacare was signed into law in March 2010, the CBO projected that 21 million people nationwide would gain insurance coverage through the federal health law’s health insurance exchanges. This figure has since been revised to 13 million. Since the closing of Obamacare’s third annual enrollment period for consumers to renew or purchase a qualified health plan in the non-group market, 12.7 million policyholders have signed up.
When looking into the actual data, it’s not all that surprising that the number of people enrolled in heavily subsidized private coverage far outweighs those who qualify for either little or no financial assistance. The Mercatus Center’s chart below explains: