Given the widely-reported problems associated with HeathCare.Gov, White House officials have taken to touting the successes the states are experiencing running their own health insurance exchanges. According to a CBS investigation, however, those exchanges are primarily funneling uninsured applicants into Medicaid. Experts tell CBS that this could “threaten the entire structure of Obamacare.”
“According to a CBS investigation, in many of the 15 states that have their own health insurance exchanges, more people are enrolling in Medicaid than are actually buying private health insurance,” CBS News reporter Jan Crawford revealed.
“There is concern that if that trend continues, there will not be as many healthy people buying insurance for this system to work,” she continued.
Crawford said that the majority of the enrollees at this stage in the process are “overwhelmingly low-income people” who qualify for Medicaid at no cost.
Of the 35,528 enrollees in the state of Washington, 87 percent signed up for Medicaid. In Kentucky, 82 percent of the state’s 26,000 enrollees were funneled into Medicaid. 64 percent of New York, 37,000 Affordable Care Act enrollees are now Medicaid beneficiaries.
“Supporters say this shows there’s demand but industry sources say if we don’t see real turnaround soon, there could be big problems for the entire system,” Crawford concluded.
Watch the clip below via CBS:
[Photo via screen grab ]
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