Obamacare Misses Its Target on the Uninsured by Half

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In March 2010, Obamacare was about to be voted upon by the House of Representatives, and the Democrats were in the process of deciding whether to ignore public opinion at their peril. At that time, the Congressional Budget Office (CBO) projected that Obamacare would cost $938 billion over a decade and would reduce the number of uninsured people by 19 million as of 2014 (with a reduction of 1 million prior to 2014 and 18 million in 2014 alone).

In February of this year, the CBO projected that Obamacare would reduce the number of uninsured by 13 million as of 2014. In April, the CBO had seen enough of the Obama administration’s skillful rollout of Obamacare to reduce that estimate to 12 million.

Now the Urban Institute finds that Obamacare has actually reduced the number of uninsured adults by 8 million since the rollout began last fall. (Gallup shows a similar number.) That’s far short of the number of newly insured that the CBO projected in April of this year, in February of this year, or in 2012 — and it’s less than half the tally the American people were told Obamacare would hit when they opposed it in 2010.

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