Affordable Care Act enrollment likely to fall short of 2015 goal
NEW YORK (CNNMoney) — Fewer than 10 million people are expected to enroll in Obamacare for 2015, the Obama administration said Monday.
That’s a significant drop from the original goal. The Congressional Budget Office had projected 13 million, but officials said they expect the ramp up to be slower than the CBO originally thought.
The revised goal is 9 to 9.9 million. It raises questions about whether Obamacare enrollment will reach projections down the road.
The CBO had projected enrollment would hit 25 million by 2017, but now the administration says it will probably take at least one or two more years to reach that threshold.
Obamacare surpassed its target for 2014, but only after the CBO lowered its projection to 6 million enrollees because of the exchanges’ troubled opening last fall.
Some 7.1 million Americans were enrolled in health plans as of mid-October, officials said Monday. That’s down from the 8.1 million that had originally signed up. Some never paid their premiums to complete enrollment, some got jobs that provide healthcare and some did not provide sufficient proof of citizenship.
Enrollment for 2015 runs from Nov. 15 to Feb. 15, but consumers can start browsing plans and premiums on the website now.