“Health benefits consultants agree with President Obama’s assessment this week that enough Americans have signed up to private health plans under the Affordable Care Act that it will work even though there could be up to two million fewer Americans covered than the White House had hoped,” writes Bruce Japsen.
But it should be assessed on a “state-by-state basis” and the demographic makeup of the risk pool will need to include more young people.
“So far, however, health insurance companies have said the enrollment is trending younger and there have been few surprises that would require them to pull out of the program.”
“Despite the technical issues that dogged the healthcare.gov website and prevented millions of Americans from signing up in October and much of November, benefits consultants said they always expected the enrollment to be slow.”
Helen Leis, partner at Oliver Wyman: “Six or seven million [sign-ups] is good uptake after less than six months. We expect to see about 22 million lives on the public exchanges by 2018.”