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More than 6.3 million Americans were deemed eligible for government healthcare plans for the poor since the Oct. 1 launch of President Barack Obama's healthcare law through December, federal officials reported.

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ObamaCare Launch Leads 6.3 million to Become Eligible for Medicaid

More than 6.3 million Americans were deemed eligible for government healthcare plans for the poor since the Oct. 1 launch of President Barack Obama’s healthcare law through December, federal officials reported.

ObamaCare Launch Leads 6.3 million to Become Eligible for Medicaid (Reuters)

More than 6.3 million Americans were deemed eligible for government healthcare plans for the poor since the Oct. 1 launch of President Barack Obama’s healthcare law through December, federal officials reported.The swelling rolls for Medicaid and the Children’s Health Insurance Program (CHIP) reflect both an expansion of Medicaid under Obama’s Affordable Care Act (ACA) and what healthcare policy analysts call an “out-of-the-woodwork effect,” in which people who heard about Obamacare sought to obtain health insurance and discovered that they had qualified for Medicaid even before the law expanded eligibility. It is unclear how increased Medicaid enrollment may affect investors of publicly traded healthcare companies but the situation is worth monitoring.

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Paul Dykewicz is the editorial director of the Financial Publications Group at Eagle Publishing Inc., www.eaglepub.com, of Washington, D.C. Eagle publishes five free, e-letters, 10 weekly trading services and five monthly investment newsletters, Forecasts & Strategies, Successful Investing, Cash Machine, Growth & Dividend Report and The Alpha Investor Letter. He also is the editor of Eagle Daily Investor and the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain."

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ObamaCare Launch Leads 6.3 million to Become Eligible for Medicaid

ObamaCare Launch Leads 6.3 million to Become Eligible for Medicaid (Reuters)

More than 6.3 million Americans were deemed eligible for government healthcare plans for the poor since the Oct. 1 launch of President Barack Obama’s healthcare law through December, federal officials reported.The swelling rolls for Medicaid and the Children’s Health Insurance Program (CHIP) reflect both an expansion of Medicaid under Obama’s Affordable Care Act (ACA) and what healthcare policy analysts call an “out-of-the-woodwork effect,” in which people who heard about Obamacare sought to obtain health insurance and discovered that they had qualified for Medicaid even before the law expanded eligibility. It is unclear how increased Medicaid enrollment may affect investors of publicly traded healthcare companies but the situation is worth monitoring.

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