Thread: U.S. says 9.5 million people enroll for 2015 Obamacare insurance

U.S. says 9.5 million people enroll for 2015 Obamacare insurance

January 27, 2015 4:37 PM

.

View photo

People sign up for health insurance at an enrollment event in Cudahy, California March 27, 2014. REUTERS/Lucy …

(Reuters) - More than 9.5 million people have signed up for 2015 individual health insurance on the new exchanges created under the national healthcare reform law, the U.S. government said on Tuesday, a number that surpasses its enrollment target for the year.

Related Stories

1. U.S. says 7.3 million choose Obamacare health plans in federal market Reuters
2. Obama administration on track to surpass health care goal Associated Press
3. Obamacare enrollment hits 7.1 million so far for 2015 coverage Reuters
4. Indiana agrees to expand Medicaid under Obamacare Reuters
5. Great News For Obamacare Huffington Post

The U.S. Department of Health and Human Services said it had signed up or automatically enrolled more than 7.1 million people on its HealthCare.gov website through Jan. 16. The federally run site covers 37 states.

Another 2.4 million people selected a plan or were automatically enrolled in the other 13 states plus Washington D.C., which run their own websites. That data is through Jan. 18 for California and through Jan. 17 for the District and the other states.

"The vast majority are able to lower their costs even further by getting tax credits,” U.S. Health and Human Services Secretary Sylvia Burwell said in a statement.

The enrollment period for 2015 coverage opened on Nov. 15 and ends on Feb. 15.

Burwell set a target calling for 9.1 million people to be enrolled and up to date on premium payments by the end of 2015 through private healthcare exchanges set up under Obamacare. The nonpartisan Congressional Budget Office has predicted 12 million enrollees for 2015.

HHS did not say how many of the 9.5 million applicants had paid their premiums and become fully enrolled.

The administration announced in April that more than 8 million people had selected 2014 plans. But by the end of last year, only 6.7 million were still enrolled.

Eighty-seven percent of federal marketplace applicants used financial assistance in selecting a plan, according to HHS.

The administration said 35 percent of federal applicants were under 35 years of age.

Fifty-eight percent, or 4.2 million people, re-enrolled from 2014 health plans, while the remainder were first-time applicants.

http://news.yahoo.com/government-say...192820979.html

Obamacare program costs $50,000 in taxpayer money for every American who gets health insurance, says bombshell budget report

• _{Stunning figure comes from Congressional Budget Office report that revised cost estimates for the next 10 years}
• _{Government will spend $1.993 TRILLION over a decade and take in $643 BILLION in new taxes, penalties and fees related to Obamacare}
• _{The $1.35 trillion net cost will result in 'between 24 million and 27 million' fewer Americans being uninsured – a $50,000 price tag per person at best}
• _{The law will still leave 'between 29 million and 31 million' nonelderly Americans without medical insurance}
• _{Numbers assume Obamacare insurance exchange enrollment will double between now and 2025}

_{By DAVID MARTOSKO, US POLITICAL EDITOR FOR DAILYMAIL.COM
PUBLISHED: 16:38 EST, 26 January 2015}

<sub>It will cost the federal government – taxpayers, that is – $50,000 for every person who gets health insurance under the Obamacare law, the Congressional Budget Office revealed on Monday.

The number comes from figures buried in a 15-page section of the nonpartisan organization's new ten-year budget outlook.
The best-case scenario described by the CBO would result in 'between 24 million and 27 million' fewer Americans being uninsured in 2025, compared to the year before the Affordable Care Act took effect.
Pulling that off will cost Uncle Sam about $1.35 trillion – or $50,000 per head.
SCROLL DOWN TO READ THE REPORT


+3


THE $2 TRILLION DOLLAR MAN: President Barack Obama was in India on Monday when the Congressional Budget Office reported the federal government's gross costs for a decade of Obamacare will be $1.993 trillion



PROMISES: Obama pledged in 2009 during a speech before a joint session of Congress that his health insurance proposal would cost $900 billion over ten years – a far cry short of current numbers

The numbers are daunting: It will take $1.993 trillion, a number that looks like $1,993,000,000,000, to provide insurance subsidies to poor and middle-class Americans, and to pay for a massive expansion of Medicaid and CHIP (Children's Health Insurance Program) costs.
Offsetting that massive outlay will be $643 billion in new taxes, penalties and fees related to the Obamacare law.
That revenue includes quickly escalating penalties – or 'taxes,' as the U.S. Supreme Court described them – on people who resist Washington's command to buy medical insurance.
It also includes income from a controversial medical device tax, which some Republicans predict will be eliminated in the next two years.
If they're right, Obamacare's per-person cost would be even higher.
President Barack Obama pledged to members of Congress in 2009, as his signature insurance overhaul law was being hotly debated, that 'the plan I'm proposing will cost around $900 billion over 10 years.'
It would be a significant discount if the White House could return to that number today.

Obama in '09: Obamacare won't add one dime to deficit</sub>



http://www.dailymail.co.uk/news/arti...et-report.html