Obamacare Late Sign-Ups May Signal Young, Healthy Buying Plans

More than 1 million people waited until the last five days to sign up, and early indications are that many were young minorities.

INN Breaking News, April 3, 2014

Alex Wayne and Shannon Pettypiece

(Bloomberg) -- More than 1 million people waited until the last five days to sign up for 2014 health coverage under Obamacare, and early indications are that many were young minorities, insurance analysts and enrollment groups said.

That may be good news for health insurers who have been concerned that the customers enrolling in health plans through the new insurance exchanges are sicker and older than the average American.

About 7.1 million people signed up for private plans under the Patient Protection and Affordable Care Act by the close of the first enrollment period on March 31, President Barack Obama announced. The figure, a symbolic triumph for the president, met a year-old projection by the Congressional Budget Office that was thought out of reach after the exchanges were plagued by computer malfunctions last October.

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