When Biden supersized Obamacare subsidies in the name of COVID, liberals and the media celebrated the huge expansion in coverage. But a new report from our friends at the Paragon Health Institute finds that the main beneficiaries of this taxpayer-funded largesse have been unscrupulous brokers and insurance companies. Millions of the people they signed up to unlock a gusher of federal dollars have not filed a single medical claim, ever. And may not even exist.
Adjusted to an annual basis, 7.8 million individual market enrollees used no medical services in 2024—an increase of nearly 5.5 million enrollees using no medical services from 2021. In 2024 alone, taxpayers spent billions subsidizing coverage for 7.8 million full-year enrollees who never used their insurance. Every dollar went to insurers and middlemen, with zero benefit to patients.
Keep this in mind as the insurance companies ramp up their lobbying effort to extend these subsidies – paid for with our tax money.