Source: AP /ABC News
Eight million people have signed up for health care through new insurance exchanges, President Barack Obama said Thursday, besting expectations and offering new hope to Democrats who are defending the law ahead of the midterm elections.
Obama appeared in the White House briefing room to trumpet the new figures, which beat initial projections by 1 million people. Equally critical: About 35 percent of those who signed up are under the age of 35, Obama said. Enrolling substantial numbers of younger, healthier Americans is crucial for the law’s success.
“This thing is working,” Obama said of the Affordable Care Act, his signature domestic achievement.
Obama and Democrats have been anxiously awaiting the age figures, especially those regarding young people — the most coveted demographic. Younger enrollees tend to be a healthier group overall, so their premiums can help offset higher cost of care for older enrollees. Too few young people in the mix, and the insurance pool could become lopsided and premiums could surge.
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