The reason? Large numbers of Americans are turning to alternatives to Obamacare – including alternatives that are not called “insurance” by government regulators or even by the plans themselves.
The four top “sharing” organizations, for example, are now insuring more than one million people – up fivefold since the passage of the Affordable Care Act. To put that in perspective, only about 10 million people are currently enrolled in the Obamacare exchanges and the vast majority of those are receiving subsidies.
Among people who don’t get subsidies, there may now be more who have an alternative (non-ACA-compliant) plan than the number with an unsubsidized Obamacare plan.
In what follows I will briefly review three popular alternatives to Obamacare: health sharing plans, indemnity insurance and short-term plans.