Six years ago Wednesday, President Barack Obama signed the Patient Protection and Affordable Care Act into law. Since then, Americans have seen their premiums increase, a dozen nonprofit insurers have closed their doors and the number of people on the Medicaid rolls has expanded.
Americans nationwide have both praised and cursed the law since the federal and state-run exchanges launched in October 2013.
Many credit the president with giving them access to coverage—the result of Obamacare’s provision prohibiting insurers from denying coverage based on pre-existing conditions. Others, meanwhile, have reported high premiums and deductibles, with the cost of their coverage increasing annually.
And for some, the cost of premiums has increased enough to leave them choosing between paying for insurance or paying the fine and going without.
The Daily Signal is the multimedia news organization of The Heritage Foundation. We’ll respect your inbox and keep you informed.
Here are five graphs charting Obamacare’s six-year history.
1) The Cost of HealthCare.gov
Obamacare’s implementation in October 2013 came with the launch of HealthCare.gov, the federal health insurance exchange.
Just six people successfully signed up for health insurance on HealthCare.gov on Oct. 1, 2013, because of massive glitches and failures with the site. In the months that followed the disastrous launch, the Republican-led House of Representatives held numerous hearings to determine why the Obama administration decided to launch the website.
The Department of Health and Human Services fired CGI Federal, which was originally tasked with building HealthCare.gov, after the website’s launch and signed a new contract with Accenture to rebuild the exchange.
Though the Obama administration hasn’t formally said how much HealthCare.gov cost the taxpayers, Department of Health and Human Services Secretary Sylvia Mathews Burwell said last May that the website cost $834 million. Similarly, a report from the Department of Health and Human Services Inspector General put the cost of the exchange at $800 million.
An analysis by Bloomberg Government, though, put the total cost at $2.1 billion. Bloomberg Government took into account budgetary costs for the Internal Revenue Service and other government agencies, as well as contracts reworked to pay for the website.
2) Obamacare’s 2014 Enrollment Numbers
According to the Obama administration, 9.25 million consumers enrolled in coverage in 2014 on the federal and state-run exchanges. An analysis of enrollment figures conducted by Ed Haislmaier, a senior research fellow in health policy studies at The Heritage Foundation, and Drew Gonshorowski, a senior policy analyst at The Heritage Foundation, found that the majority of those enrollees qualified for Medicaid under Obamacare’s loosened eligibility requirements.
3) Obamacare’s Failed Co-Ops