enrollees Archives

New Report – 20 Million Americans Covered Under Obamacare

This bit of news will totally mess up your crazy Republican uncle’s day. So be my guest and share this news with him.

A report published last week in the esteemed New England Journal of Medicine provided an overview of Obamacare’s first year, its successes and the challenges ahead. It also offered a yet another estimate of the number of people covered by the law: 20 million.

The NEJM report pulled a wealth of information, much of it already known by those closely following the law’s implementation but presented together by the journal, from think tanks and government agencies. It covered a range of topics, including the number of people covered, 2015 premiums, and the adequacy of provider networks for plans offered through the law.

But its bottom line was that millions of people have become insured under Obamacare.

“Taking all existing coverage expansions together, we estimate that 20 million Americans have gained coverage as of May 1 under the ACA,” the authors wrote. “We do not know yet exactly how many of these people were previously uninsured, but it seems certain that many were.”

They reached the 20 million total this way: 1 million adults under age 26 enrolled in their parents’ plan; 8 million enrolled in private coverage through the insurance marketplaces; 5 million enrolled in private coverage directly through their insurer; 6 million enrolled in Medicaid.

Another Milestone – Obamacare Hits The 5 Million Mark for Enrollees

The Obama administration announced Monday that more than 5 million people have signed up for new insurance plans under the health-care law, suggesting new momentum for the program as the deadline to get covered this year approaches.

About 800,000 people selected health plans on the state and federal insurance marketplaces in the beginning of March, officials said in a blog post — almost as many as signed up during the entire month of February. The figure brings the administration closer to Congressional Budget Office projections that 6 million people would enroll by the end of March.

Officials had predicted that the pace of enrollments would pick up this month, because March 31 is the last day to sign up for a marketplace plan and avoid a fine. The health law requires most Americans to have health insurance or incur a penalty of $95 or 1 percent of their income this year, whichever is higher.

The Congressional Budget Office had initially projected that 7 million people would sign up for new health plans by the end of March. Analysts revised that estimate last month, after it became clear that enrollment would be depressed by the technical difficulties on HealthCare.gov and a number of state-based insurance Web sites.