A survey of financial investors showed that Wall Street believes at least 4 million Americans will sign up for health insurance through the newly created online exchanges created by the Affordable Care Act. That estimate, however, is less than the 7 million Americans the Obama administration expects to sign up once the exchanges open on Oct. 1.
- Investors expect 4 million Americans to sign up for health insurance under the new online state marketplaces created under the Affordable Care Act, according to a survey released Monday.
- The expectations of the 56 investors surveyed by Citigroup fall short of the Congressional Budget Office's forecast that 7 million Americans will sign up for subsidized health insurance when open enrollment begins on Oct. 1. Americans have six months to sign up for coverage in 2014.
- Wall Street is closely monitoring the progress of enrollment as health coverage means more new paying customers for insurers and hospitals.
- Officials involved in implementing the Affordable Care Act anticipate a fairly busy start of the healthcare open enrollment on Oct. 1, followed by a drop-off for several weeks.
- A small uptick could occur just before Dec. 15 – the deadline for buying a policy before coverage begins on Jan. 1, 2014. A final rush is expected ahead of March 31, the last day to buy coverage and avoid a penalty.
- The Obama administration expects at least 7 million people to sign up via the exchanges, but needs that number to include about 2.7 million young, healthy participants for the program to work financially.