16.4 Million People Now Have Health Insurance Due To Obamacare

Politics By Amanda Andrade-Rhoades, Mon, March 16, 2015

Thanks to the Affordable Care Act, also known as Obamacare, more than 16 million Americans now have health insurance.

According to The Huffington Post, Health and Human Services issued a report that found the uninsured rate has fallen from 20.3 percent in October 2013, when enrollment in Obamacare was opened, to 12.3 percent this year. Health and Human Services partnered with the polling company Gallup to determine the number of people who now have health insurance.

Since the passage of the Affordable Care Act almost five years ago, about 16.4 million uninsured people have gained health coverage -- the largest reduction in the uninsured in four decades," Health and Human Services Secretary Sylvia Mathews wrote in a statement.

In addition to enrollment in the Affordable Care Act, another 14.1 million people acquired health insurance by joining a private plan or Medicaid.

The government plans to push for more sign-ups and will spend $1.2 trillion over the next decade expanding health coverage. That estimate is lower than what the Congressional Budget Office projected in January.

The fate of Obamacare still hangs in the balance. The Supreme Court is considering the case of King v. Burwell, which could result in 9.6 million people becoming uninsured if the court rules in favor of David King, jacking up the price of healthcare.

Source: The Huffington Post Image via Healthcare Costs/Flickr

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16.4 Million People Now Have Health Insurance Due To Obamacare