Obamacare Enrollment Is Falling, Expect Worse After Next Round Of Rate Hikes

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Here’s the latest news on another one of President Obama’s greatest achievements. His signature legislation, the Affordable Care Act, also known as Obamacare, is seeing a decline in enrollment. It’s only going to get worse after the next round of rate increases. So much for affordable care.

ObamaCare enrollment has fallen sharply since March, and that’s before consumers confront huge rate hikes for 2016. These are not the signs of a successful program.

In its latest enrollment report, the Centers for Medicare and Medicaid Services says 9.9 million were still enrolled in ObamaCare exchange plans.

That’s almost 2 million fewer than the administration claimed in the spring, when it bragged that 11.7 million had signed up, and way below the Congressional Budget Office’s earlier forecast of 13 million.

And if this year is anything like last year, that 9.9 million will dwindle further as the year goes on.

Year-over-year growth isn’t terribly impressive, either. The CBO had figured sign-ups would almost double this year. Instead, they climbed 24%, when you compare the latest figures to those the administration put out in May 2014. Enrollment in big states like California and New York is virtually unchanged.

It would appear ObamaCare isn’t such a great product after all. And it’s about to get much worse.

Read the whole thing, just make sure you hold onto your wallet.