Forbes January 18, 2022
In most states, this weekend marked the end of Obamacare’s open enrollment period. Preliminary figures indicate that 13.8 million Americans signed up for coverage through the exchanges this year. That’s a 21% increase over last year’s total and a record high.
The Biden administration is touting these numbers as signs that the exchanges are performing better than ever. But enrollment is up largely because the federal government is paying people unprecedented sums to sign up. That strategy only masks the long-term rise of insurance premiums and does nothing to address the waning quality of exchange plans.
Since 2014, Obamacare has subsidized premiums for those who make less than 400% of the poverty level—about $106,000 for a family of four. The...
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