Obamacare Has Resulted In More People Losing Insurance Than Getting It

Here’s an ugly truth:

Obamacare may have promised health insurance for the masses. But on its first day, it’s left more Americans without coverage than before the law was passed.

More than 4.7 million Americans had their health insurance canceled as a result of any of the thousand-plus-page law’s new rules, the Associated Press reports, but the Department of Health and Human Services (HHS) confirmed Tuesday that between federal and state exchanges, just 2 million Americans have signed up for Obamacare coverage.

Those numbers are even uglier when you consider that not all of those 2 million – in fact, perhaps just half of them – have actually made their first payment for the insurance they signed up for.

That will change, of course. The websites will continue to improve. The bureaucratic gears will continue to turn. People will get their insurance, and we will end up with more people insured post-Obamacare than pre-Obamacare.

But that’s when we start talking about how much more expensive and bureaucratic Obamacare has made health insurance. That’s a reality that hasn’t sunk in yet for most Americans, I’m afraid.