The Health & Healthcare Blog  

Sunday, March 16, 2014

Americans Enrolling in Obamacare Are On the Rise -- 4.2 Million Have Signed Up

It was a slow and painful start for Obama's Affordable Care Act, but it finally seems to be on track. Through the month of February, 4.2 million Americans have signed up for health insurance through Obamacare exchanges.

Will the program reach its goal?

The goal, as set by the government's Congressional Budget Office, was 6 million. The program has been adding approximately one million people a month since January, so it may seem to be a bit of a stretch to reach the targeted goal of 6 million by March 31. However, government officials are quick to point out that February was a short month. In addition, the trend has been for many to sign up at the last minute. With the deadline of the end of March approaching, it is anyone's guess whether or not the numbers will reach expectations.

What is the government doing to expedite sign-up?

First, the government has been broadcasting a series of ads targeting groups such as minorities, younger adults and low-income individuals. Many in these groups have never had health insurance. In addition, many are not yet aware or knowledgeable about Obamacare, so it is critical to reach these Americans quickly. Further, Obama himself helped promote even more sign-ups by pitching Obamacare on Zach Galifianakis' Funny or Die talk show Between Two Ferns. After watching the show online, 32,000 people were reported to have visited healthcare.gov.

Why is the projected sign-up number so important?

Obamacare works by having enough healthy people sign up, which will offset the cost of health care for older, sicker people. It's also important to have enough young and healthy people in the program to ensure that health care premiums do not have to be increased to offset the cost.
DISCLAIMER: The content or opinions expressed on this web site are not to be interpreted as medical advice. Please consult with your doctor or medical practictioner before utilizing any suggestions on this web site.
SHARE THIS PAGE: