March 12, 2014

Enrollment Sputters

Not the hope he was looking for.

According to a new HHS report, a collective 4.2 million Americans are now enrolled through both state and federal ObamaCare exchanges. However, the signup deadline on March 31 is quickly approaching, and that figure is well below HHS’ original target of seven million enrollees. But there are other troubling signals in the latest data: Only 943,000 signed up in February – well below January’s numbers, and significantly below the estimated 1.3 million expected to enroll. Additionally, only 25% of all enrollees fit into the key demographic between the ages of 18-43. HHS calculated this group to total 40% of participants, whose makeup is necessarily to keep the system afloat (young, healthy adults subsidizing older demographics). Additionally, officials still won’t say how many have actually paid their first month’s premium. The administration continues to paint a pretty portrait, but the news is far from rosy.

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