Behavioral science suggests that Obamacare may not change as much as Republicans claim
From the article:
In the waning days of his administration, President Obama encouraged Americans to take advantage of the opportunity to get health insurance in what may be the last open enrollment period under the Affordable Care Act. Given the incessant chatter about the incoming administration’s plans to “repeal,” “repeal and delay,” or “repeal and replace” the act, is this just a fool’s errand — wasted effort adding more people to the slate of millions who will lose coverage if the ACA gets dismantled as promised?
Perhaps. Or perhaps Obama is seeking to capitalize on the well-studied phenomenon known as loss aversion. In a nutshell, loss aversion means that it feels worse to lose something than never to have had it in the first place. Consumers, including those signing up for health insurance, tend to make relative judgments about their own welfare, rather than absolute judgments, and losses loom larger than gains. [...]
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