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Obamacare Passes Key Goal With 9.5 Million Now Enrolled (Update: Now 9.9M)

2/4 Update:  About 9.9 million people enrolled or were automatically re-enrolled according to HHS Secretary Sylvia Burwell today, February 4.  The rate of sign-ups is expected to accelerate until the Feb. 15 deadline.

Original story: Today, the Obamacare administration announced it’s already surpassed it’s goal of 9.1 million for ACA/Obamacare sign-ups by the end of 2015 and there’s still 11 months remaining in the year.

The Department of Health and Human Services announced that 9.5 million people have signed up for Obamacare/ACA health plans nationally. About 7.1 million people signed up through the federal exchange and 2.4 million sign up through states that operate their own exchanges as of Jan. 17, according to the U.S. Health and Human Services Department.

In a breakdown of the data, 87% qualified for a government subsidy to help lower the cost of their insurance and 35% were young adults under age 35. Also data those enrolling for the first time was a strong 42% and the reminder, 58%, were from those people that were automatically enrolled.

Florida had the largest number of enrollees at 1.3 million with California following closely behind at 1.2 million.

“We’re pleased that, nationwide, 9.5 million people are signed up for marketplace coverage. The vast majority are able to lower their costs even further by getting tax credits, making a difference in the lives of so many families,” said Health and Human Services Secretary Sylvia Burwell.

The final deadline to enroll in Obamacare is February 15 and experts predict that there will be a huge surge in sign-ups as the deadline gets closer. A similar trend occurred at the March 31 deadline last year and at the first major deadline for 2015 on December 15.

Consumers are strongly encouraged to start enrolling well before the deadline to avoid any potential problems. Those who do not enroll will face a tax penalty of $325 or 2% of their income, whichever is higher.

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