12.2 million signed up for Obamacare in 2017, half of what CBO projected

Just over 12.2 million individuals signed up for Obamacare coverage in 2017, roughly half of what the Congressional Budget Office projected four years ago.

The Centers for Medicare and Medicaid Services released its final enrollment report on Wednesday, showing how many individuals signed up for Obamacare coverage between November 1, 2016 and January 31, 2017.

The agency reported that 12,216,003 Americans either purchased a new Obamacare plan or were automatically reenrolled in Obamacare plans. Approximately 9 million Americans used Healthcare.gov to purchase insurance, while 3 million Americans bought coverage through the state-based marketplaces.

These enrollment numbers are dramatically different than the CBO’s forecasted enrollment numbers in 2013. The CBO predicted that 24 million people would purchase coverage on the exchanges in 2017, nearly double the most recent enrollment figures.

“CBO has a poor record of predicting coverage,” said Diana Furchtgott-Roth, a senior fellow at the Manhattan Institute. “In 2013, CBO predicted that 24 million people would be on the Obamacare exchanges, that law’s health insurance marketplaces, in 2017.”

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