You probably hear a lot of numbers about Obamacare: 6 million people have enrolled since October, but wasn’t it supposed to be 7 million? How many states are using HealthCare.gov? How much is all of this going to cost?
To make things simpler as the law’s first open enrollment period comes to a close, here are the numbers you should know to understand Obamacare.
57 million: The expected number of uninsured people in 2014 if Obamacare never became law.
13 million: The expected drop in the number of uninsured people in 2014 under Obamacare.
25 million: The expected drop in the number of uninsured people in 2024, 10 years after Obamacare takes full effect.
Less than 1 million: The estimated number of people who are now uninsured after their previous plan was canceled because of Obamacare and they did not sign up for a new policy.
$13 billion: How much the federal government is expected to spend on tax subsidies in 2014 to help people pay for private coverage.
$121 billion: How much the federal government is expected to spend on tax subsidies in 2024, 10 years after Obamacare takes effect.
14: The number of exemptions from Obamacare’s individual mandate.
$2 billion: How much Americans are expected to pay in individual mandate penalties in 2015.
27: The number of states, plus Washington, D.C., that have expanded Medicaid under Obamacare.
5 million: The number of low-income people in states that have not expanded Medicaid who won’t be able to obtain coverage because of their state’s decision.
39 percent: The percentage of Obamacare enrollees who the White House was aiming to be ages 18 to 34.
25 percent: The percentage of Obamacare enrollees through February who have actually been ages 18 to 34.
51: The number of individual marketplaces, one for each state, plus D.C., each with its own risk pool that needs a good mix of young and old enrollees.
16 percent: How much lower than expected, compared to official projections, 2014 insurance premiums were on average.
6 million: The number of people who had signed up for coverage under Obamacare as of March 27. Also the total number of enrollees projected by the Congressional Budget Office in February to sign up before the March 31 deadline that ends the open enrollment period.
7 million: The number of enrollees projected by the CBO prior to HealthCare.gov’s disastrous launch.