More good news continues to come Louisiana’s way as policies to improve verification for taxpayer subsidization of government-backed health insurance take hold now aided by the expiration of bonus dollars for it.
Disguised as a Wuhan coronavirus pandemic palliative but in reality a mechanism to encourage more dependency on government and to acquire a greater taste for getting free stuff from government, until starting this year the federal government subsidized on average almost 90 percent of the premium paid for health insurance purchase under a state or federal government market, known as Obamacare. Cooler heads prevailed to remove the extra gift so now the typical exchange user pays closer to 30 percent.
This partly is responsible for a decline in exchange enrollment, although the stepped-up verification also contributes as it catches out disingenuous or inattentive people to prevent them from qualifying for subsidies (roughly a quarter, estimated at around 6 million) which have income means tests. Louisiana so far has seen enrollment numbers drop by more than a quarter, and also has experienced fewer annual enrollees maintaining coverage since signing up at the start of the year. Both the decline in aggregate enrollees and enrollment drop off are among the highest of states.