"Obamacare Signups Hit 8 Million"

Obamacare Signups Hit 8 Million

BY JONATHAN COHN at the New Republic

http://www.newrepublic.com/article/117410/obamacare-enrollment-hits-8-million-age-mix-looks-massachusetts

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President Obama just announced the final numbers for the Affordable Care Act’s open enrollment period.

Eight million people have signed up for private insurance plans through the new marketplaces. And among those that the federal government is managing directly, 28 percent of them are ages 18 to 34, according to senior administration officials.

This is good news—very, very good news.

Remember, the Congressional Budget Office originally predicted that 7 million people would get insurance through the marketplaces in 2014, with more joining in future years. After the early problems with the federal and some state websites, CBO revised its projection and said just 6 million would get coverage this way. The estimates were not precise and enrollment anywhere in that range would signal that the new system is working. Clearly it is.




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