4.2 Million Signed for Healthcare Exchange Through February 2014

With only a few weeks left for uninsured Americans to enroll in the Healthcare Exchange program that is part of the Affordable Care Act signed into law by President Obama, the counts climbed to 4.2 Million people in February 2014.  The goal is to have approximately 7 Million Americans enrolled in the Healthcare Exchange by the end of March which means another 2.8M people would have to enroll over the next two weeks to meet that goal.   There were 1.8M registrants in December 2013, 1.1M registrants in January 2014 and only 943,000 registered in February. “Now, during this final month of open enrollment our message to the American people is this: You still have time to get covered, but you’ll want to sign up today — the deadline is March 31,” U.S. Health Secretary Kathleen Sebelius said in a statement. After March 31, open enrollment in private plans is closed for 2014 and people can only sign up if they experience life changes such as getting married or losing a job. Americans who don’t carry insurance starting April 1 will be liable for tax penalties of as much as 1% of their income.  The Congressional Budget Office says it expects the government to collect $2 billion in penalties next year.

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