Rove: Obamacare Fails to Bring Insurance to Uninsured

Republican political strategist Karl Rove quotes President Barack Obama’s pledge: “I’m not going to walk away from 40 million people who have the chance to get health insurance for the first time,” and then notes a McKinsey & Co. survey revealing that only around 11 percent of Obamacare enrollees had been previously uninsured. Instead, millions of privately insured Americans have shifted to public insurance “without reducing the number of uninsured very much,” says Rove.

The explanation may rest with two unintended consequences of Obamacare — the cancellation of many existing policies, and the incentives provided to businesses with fewer than 50 employees to drop their group coverage.

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