Monday, March 31, 2014

Oh Those Poor Uninsured

The individual mandate had the least effect on those it was supposed to encourage to gain coverage—the uninsured. McKinsey & Co. surveys found that a little over one-quarter of people signing up for coverage last month were previously uninsured.Goldman Sachs GS +0.01% analysts estimate that about one million uninsured Americans will sign up for theObamaCare exchanges before open enrollment ends. For perspective, that's about 2% of the 48 million uninsured.

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