Obamacare enrollment in private coverage rises to 4.2 million people

Reuters News
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Posted: Mar 11, 2014 4:01 PM

WASHINGTON (Reuters) - 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 October 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.

(Reporting by David Morgan; Editing by Sandra Maler)