More than two million people have signed up for ACA coverage

More than two million people have signed up for ACA coverage

(HealthDay)—Nearly 2.2 million Americans had selected health plans through the federal and state marketplaces as of late December, and nearly one in four was a young adult, the Obama administration disclosed Monday.

"The numbers show that there is a very strong national demand for made possible by the Affordable Care Act," Health and Human Services Secretary Kathleen Sebelius said during a news conference Monday afternoon. "More than six million Americans have now either signed up for private health insurance plans or for Medicaid coverage through the marketplace," she said.

Twenty-four percent of people who chose a plan were in the key 18-to-34-year-old demographic. Attracting enough young adults to the mix should keep health insurance rates more affordable, experts say. Young people tend to be healthier, helping to offset the risk of covering older, sicker adults. "For the 18-34 age band, we would want at least 32 percent of the adult sign-ups [people ages 18 to 64] to be in that category," David Axene, president and consulting actuary at Axene Health Partners, of Murrieta, Calif. told HealthDay. "Materially less than that leads to subsidy concerns," he added.

Sebelius highlighted a rosier statistic during Monday's news conference, noting that 30 percent of enrollees were under age 35. But that figure includes people 17 and younger who are not yet considered adults.

More information: Full Article

add to favorites email to friend print save as pdf

Related Stories

Obama symbolically signs up for Obamacare

Dec 23, 2013

US President Barack Obama has symbolically signed up for health insurance to promote his own controversial health care reform legislation, a White House official said Monday.

Recommended for you

With kids in school, parents can work out

16 hours ago

(HealthDay)—Back-to-school time provides an opportunity for parents to develop an exercise plan that fits into the family schedules, an expert suggests.

Obama offers new accommodations on birth control

19 hours ago

The Obama administration will offer a new accommodation to religious nonprofits that object to covering birth control for their employees. The measure allows those groups to notify the government, rather than their insurance ...

Use a rule of thumb to control how much you drink

20 hours ago

Sticking to a general rule of pouring just a half glass of wine limits the likelihood of overconsumption, even for men with a higher body mass index. That's the finding of a new Iowa State and Cornell University ...

User comments