Forbes: Enrollment Figures Not True Measure of Obamacare Success

Image: Forbes: Enrollment Figures Not True Measure of Obamacare Success

Wednesday, 02 Apr 2014 09:29 AM

By Melanie Batley

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
President Barack Obama proclaimed the success of Obamacare on Tuesday after the administration announced that 7.1 million people had enrolled in the new federal healthcare program by the March 31 deadline. But there are other, unfulfilled provisions of the law that are a more accurate measure of its success.

According to Forbes magazine, three main areas suggest the law is not taking off. For one, the planned Medicaid expansion under Obamacare is incomplete. Just 26 states have agreed to expand their Medicaid programs and accept federal funds under the Affordable Care Act.

The law's supporters project that 4.5 million more Americans will get Medicaid coverage this year in states that have expanded their programs. But in the 24 states that have opted out, nearly 5 million will not get Medicaid, a situation that will have significant implications for the law's long-term success, according to Forbes.

"Obamacare will be a failure until Medicaid expands in red states," Alec MacGillis of The New Republic magazine said last week.

"We have passed a law meant to expand coverage to all Americans, and yet it does not reach the poorest of our fellow citizens in nearly half the states in the country," he said.

The law also intended to introduce other reforms, such as shifting the emphasis away from fee-for-service and toward fee-for-value for healthcare providers.

Forbes suggests that, at best, it's too soon to tell whether the reforms are having their intended effect, and they could be hindering the health insurance industry.

"Experts generally believe that the healthcare sector's slowing growth (aka, "slowth") partly reflects the shift toward these models," Forbes said.

Rob Lazerow, an expert on Medicare savings programs at Forbes, said, "For many organizations, these new payment models will drive more near-term transformation than coverage expansion."

In addition, Forbes says that while the law is starting to achieve its goal of reducing hospital readmission rates, it is unclear whether that is a proxy for improving care and lowering costs.

"That's an incredibly difficult goal, of course. And it's harder to measure that than the number of people signing up through insurance exchanges. But achieving better quality at lower cost is what Obamacare is really supposed to be about, too," Forbes said.

Related Stories:

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

'Skillful' Gitmo Negotiator Quits in Blow to Shutdown Plans

Monday, 22 Dec 2014 23:10 PM

A State Department envoy whose "skillful negotiating" helped transfer 34 detainees from Guantanamo Bay is leaving in wha . . .

North Korea's Internet Back Online

Monday, 22 Dec 2014 21:55 PM

Key North Korean websites are back online after an hours-long shutdown that comes amid heightened tensions with the U.S. . . .

Cuba Signals it Won't Return Chesimard to US

Monday, 22 Dec 2014 22:11 PM

Cuba said Monday that it has a right to grant asylum to U.S. fugitives, the clearest sign yet that the communist governm . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved