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

Related Stories

Obama symbolically signs up for Obamacare

date 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

Prosecutors seek congressional probe of supplement industry

date 53 minutes ago

A group of 14 attorneys general has asked Congress to launch an investigation of the herbal supplements industry and to consider giving the U.S. Food and Drug Administration stronger oversight of the industry, New York Attorney ...

Quality improvement intervention cuts tests ordered

date 10 hours ago

(HealthDay)—Implementation of a multifaceted quality improvement intervention is associated with a decrease in the number of ordered laboratory tests, according to a study published online March 21 in the ...

User comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.