WELL, WHEN YOU CONSIDER THAT IT’S REALLY ABOUT POLITICS AND OPPORTUNITIES FOR GRAFT, IT’S DELIVERED MORE THAN THAT: ObamaCare Delivers, Just Not Very Much.

Obamacare has undoubtedly produced a large drop in the number of uninsured. But if the administration is correct, then that decline will be less than half of what was originally expected, both because of the underenrollment in exchange policies and because so many states didn’t expand their Medicaid programs. The program may be shaping up as a modest expansion of Medicaid, coupled with a more robust version of the old high-risk pools.

Obamacare’s architects can justifiably say that this is more than we had before. But it is less than anyone expected.

Oh, it’s not less than anyone expected.