A report was finally released by the Department of Health and Human Services detailing the number of people who enrolled in the Affordable Care Act (also known as Obamacare). According to the report, 8 million people enrolled in Obamacare between October 1, 2013 through March 3, 2014. More importantly, the report also revealed demographical information about the enrollees. Demographic Insights from the Report:
- 8 million+ people signed up for insurance under the Affordable Care Act
- There were more female enrollees than males (4.3 million+ females and 3.6 million+ males)
- The majority of people who enrolled were between the ages of 18-34 followed by 55-64
- 85% of the people enrolled were individuals who qualified for an “advance tax credit with or without a cost sharing reduction”
- 8 out of 10 people who enrolled qualified for federal financial assistance in helping to pay their premiums. In order to be eligible to receive federal financial assistance, the family income must be between 100% and 400% of the Federal Poverty Level.
- Of the people that chose to answer questions relating to their ethnicity, 62% of enrollees were identified as white, 16.7% were African American, 10.7% were Latino, and 7.9% were Asian.
See the full report here.