The President Just Bought Obamacare Insurance
The cornerstone provision of the Affordable Care Act — the online insurance marketplaces, which were designed to give individual customers collective bargaining power to foster competition and drive down insurance prices — launched nearly three months ago.
Since the glitch-riddled October 1 debut of the exchanges, more than a million people have signed up for private coverage through the federal website, fighting through numerous software errors and design flaws that caused hours-long wait times, prevented potential customers from creating accounts and completing the 30-step enrollment process, sent insurers the wrong information, and made it difficult for people to receive an accurate cost estimate.
Yet until last weekend, President Barack Obama — whose name has become synonymous with health care reform — was not one of those million-plus enrollees. But a White House official who requested anonymity told reporters Monday that President Barack Obama enrolled for health insurance via the District of Columbia’s online marketplace, selecting a bronze plan — which covers 60 percent of medical costs — with a premium costing $400 per month.