Obamacare Signups Are Ahead of Last Year's Pace Despite Impending Repeal

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Obamacare Signups Are Ahead of Last Year's Pace Despite Impending Repeal

Dec, 21st 2016

"Obamacare" seems to be holding its own. The administration said Wednesday that 6.4 million people have enrolled for subsidized private coverage through HealthCare.gov, ahead of last year's pace.

Despite rising premiums, dwindling insurers, and the Republican vow to repeal President Barack Obama's health care law, about 400,000 more people signed up through Monday than for a comparable period in 2015, the Department of Health and Human Services Department said.

"Today's enrollment numbers confirm that doomsday predictions about the marketplace are not bearing out," said Health and Human Services Secretary Sylvia Burwell.

Still, it's too early for supporters of the Affordable Care Act, or ACA, to say "I told you so." It's unclear if the administration will meet its target of 13.8 million sign-ups.

That's partly because the share of new customers is down when compared with current consumers re-upping for another year. New customers are 32 percent of the total this year versus 40 percent last year. Administration officials said they're going to focus on getting more new customers between now and the end of open enrollment Jan. 31.

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