Federal Marketplace Enrolled Over 1.1M in Health Care

by Ben Nanamaker | December 30, 2013 8:00 am

NewLetters Federal Marketplace Enrolled Over 1.1M in Health Care[1]With the deadline to register for health care in time for it to start January 1 finally past, [2]the figures are now in for the first step of the often rocky health care roll-out[3].

According to the Centers for Medicare and Medicaid Services, over 1.1 million Americans[4] registered for health care through the federal marketplace between October 1 and December 24. The vast majority of them — 975,000 — registered in December.

The 1.1 million figure only includes the 36 states using the federal government’s site, HealthCare.gov, to handle registrations. There are fourteen states and the District of Columbia operating their own exchanges.

In addition, a large number of Medicaid enrollees were added during the Affordable Care Act introduction. As of November 30, more than 800,000 people were found eligible for the program, which insures the poor.

Those who missed the December 23/24 deadline for signing up for insurance can still sign up for insurance that starts February 1. The deadline for that falls on January 15. Open enrollment ends March 31, and most people without insurance by that point will pay a penalty of either 1% of their household income or $95 per person, whichever is higher[5].

The administration’s goal is to have 7 million people enrolled through state and federal exchanges for health insurance by the end of March. Given the slow start, that might be a stretch, but true success may be more dependent on who is signing up[6] — young and healthy citizens as well as older and less healthy ones — than the actual numbers.

The opinions contained in this column are solely those of the writer.

Want to share your own views on money and politics? Drop us a line at letters@investorplace.com and we might reprint your views in our InvestorPolitics blog! Please include your name, city and state of residence. All letters submitted to this address will be considered for publication.

Endnotes:
  1. [Image]: mailto:letters@investorplace.com
  2. finally past, : http://investorplace.com/investorpolitics/obamacare-enrollment-deadline-postponed-one-day/
  3. often rocky health care roll-out: http://investorplace.com/investorpolitics/healthcare-gov-obamacare/
  4. over 1.1 million Americans: http://www.cnn.com/2013/12/29/politics/obamacare-surge/index.html?hpt=po_c2
  5. whichever is higher: https://www.healthcare.gov/what-if-someone-doesnt-have-health-coverage-in-2014/
  6. who is signing up: http://www.cbsnews.com/news/obamacares-7-million-enrollment-goal-elusive-but-not-critical/

Source URL: http://investorplace.com/investorpolitics/federal-marketplace-enrolled-1-1m-health-care/
Short URL: http://investorplace.com/?p=455750