Biden Doesn’t Expect 7 Million Exchange Sign-Ups
Vice President Joe Biden acknowledged on Wednesday that it will be hard to reach the target on the number of people signing up for health insurance by a looming March 31 deadline for Obamacare enrollment. […]
“We may not get to seven million, we may get to five or six, but that’s a hell of a start,” Biden said, according to a pool report of his meeting.
It will be interesting to see if this is a problem getting things started or a systematic issue with the law. If the problem was simply the bad rollout we should see higher than expect sign-ups next year, and in a year or two everything will be back on track. Low first-year enrollment will only be a glitch.
On the other hand, if the reason more people aren’t signing up now is because they don’t see the exchanges as a good deal in the long term, the law could end up covering noticeably fewer than planned long term.