Fewer people are signing up for Obamacare - KAIT Jonesboro, AR - Region 8 News, weather, sports

Fewer people are signing up for Obamacare

The Trump administration said the reason Obamacare enrollment has been sluggish is because of the increased premiums. (Source: CNN) The Trump administration said the reason Obamacare enrollment has been sluggish is because of the increased premiums. (Source: CNN)

(CNN) - According to figures released by the Trump administration, as of mid-March, some 10.3 million people had enrolled in Obamacare for this year. 

That's compared to 11.1 million who were enrolled last year. The Trump administration, which is working to dismantle Obamacare, blamed the drop on the high cost of the plans. 

Premiums for the benchmark plan have increased an average of 22 percent. May insurers raised rates after finding their enrollees were sicker than expected.

But the vast majority of Obamacare enrollees are shielded from these rate increases. They receive subsidies that pay at least 90 percent of the cost of the benchmark plan.

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