Obamacare Enrollment in Private Coverage Rises to 4.2 Million

Tuesday, 11 Mar 2014 04:20 PM

 

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The Obama administration on Tuesday said the number of people enrolled in private health insurance under Obamacare reached 4.2 million on March 1, amid independent reports of a sustained decline in America's huge uninsured population.

The data, which reflects enrollment activity from Oct. 1 through March 1, represented a rise of about 940,000 enrollees in state and federal health insurance marketplaces during the month of February, a sign of continuing momentum. Eighty-three percent of enrollees are eligible for federal subsidies to help pay the cost of coverage.

The number of young adults aged 18-34 signing up for coverage - a key metric of success for President Barack Obama's healthcare reform law - remained unchanged at 25 percent of total enrollees.

© 2014 Thomson/Reuters. All rights reserved.

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