by Christopher Freeburn | November 12, 2013 9:53 am
An initial estimate of the enrollment numbers for President Barack Obama’s new health insurance exchanges is out … and they aren’t good.
According to Avalere Health, 12 state-run insurance exchanges have managed to enroll just about 49,100 people between their launch on Oct. 1. and Nov. 10. That’s a fraction of the 800,000 nationwide enrollments the Obama administration had expected during the first two months after the exchanges launched, Bloomberg notes.
Avalere’s data doesn’t include enrollment numbers from the federal website covering 36 states, or the state-run exchanges in Massachusetts, California and Oregon.
Pressed by congressional Republicans for enrollment numbers, the White House has repeatedly said that it would disclose sign-up data in mid-November. The administration has also sought to lower expectations for the number of enrollments, citing well-publicized problems with the federal website.
Administration officials insist that they always expected early enrollment numbers to be low. The Congressional Budget Office has projected 7 million enrollments in Obamacare by the end of next year. The White House is expected to release official enrollment data this week.
Want to share your own views on money and politics? Drop us a line at firstname.lastname@example.org 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.
Source URL: http://investorplace.com/investorpolitics/obamacare-exchanges-enroll-less-50k-goal-800k-now/
Short URL: http://investorplace.com/?p=434850
Copyright ©2014 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.