Affordable Care Act News: Obamacare Enrollment Reaches Milestone

But enrollment is still far below the original goal

   

health630 300x227 Affordable Care Act News: Obamacare Enrollment Reaches MilestoneOn Tuesday, the White House announced that 4 million people have signed up for health insurance through insurance exchanges created by the Affordable Care Act, commonly called Obamacare.

However, the Obama administration did not disclose the number of people who have actually paid premiums for plans selected through the insurance exchanges. The White House has set a goal of 7 million Obamacare enrollments for 2014, the Los Angeles Times notes.

An estimated 700,000 people signed up for insurance plans through the insurance exchanges in February. The open enrollment period for Obamacare will end at the conclusion of March, potentially prompting a rush of new enrollments in the coming weeks.

Another potential worry for the administration is the number of young, healthy people signing up for insurance under Obamacare. The White House has previously said that it expected those people to comprise almost 40% of enrollments — a key metric since younger subscribers will subsidize insurance costs for older, sicker people, CNN notes.

Asked about the number of younger enrollees, White House spokesman Jay Carney put the current number at 27%, which he said was consistent with numbers seen in Massachusetts, whose health insurance program provided the model for Obamacare.

The online exchanges, the most visible part of Obamacare, suffered from technical glitches during their launch in October, preventing large numbers of potential enrollees from obtaining plans.

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