The sign-up rate for Obamacare health insurance might be dropping off steeply in February, as it becomes clear that total enrollment to date is likely 20 percent or so less than the 3.3 million touted by federal officials this week.
"I'm hearing the enrollment in February is falling off significantly," said consultant Robert Laszewski, president of Health Policy and Strategy Associates in Washington, who is in close contact with major insurance companies.
While cautioning that it was still too early this month to make predictions for what total Obamacare enrollment for February will end up being, Laszewski said, "anecdotally, the trend is probably running at 50 percent of what we had in January."
The Obama administration said Wednesday that nearly 1.15 million people had selected Obamacare plans from government-run health exchanges in the month of January, bringing to total sign-ups as of Feb. 1 to 3.3 million.
Laszewski said that if February's trend continues—and if the relatively high rate of people not paying for the plans they chose continues—he doesn't expect there is much hope for the administration to meet a revised goal of hitting 6 million people enrolled by the close of open-enrollment on March 31.