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'Obamacare' shrinks US uninsured by 16 mn: government

Insurance advisors help people sign up for the Affordable Care Act, also known as Obamacare, on February 5, 2015 in Miami, FloridaThe number of Americans without health insurance has dropped by 16.4 million since key portions of the Affordable Care Act took effect, the largest reduction in uninsured in four decades, officials announced Monday. The federal government hailed the data as President Barack Obama’s administration prepared to commemorate next week the fifth anniversary of the signing of a law that took effect with many technical issues. “When it comes to the key metrics of affordability, access, and quality, the evidence shows that the Affordable Care Act is working, and families, businesses and taxpayers are better off as a result,” Health and Human Services Secretary Sylvia Mathews Burwell said in a statement. She said 14.1 million adults gained insurance since the first open enrolment period in October 2013 through March 4 of this year, leading the adult uninsured rate to drop from 20.3 percent to 13.2 percent during that period.

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