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Report: Over 5 million people have now signed up for health care via 'Obamacare'

Following a less than stellar initial roll out, the Affordable Care Act is out and running and now millions of previously uninsured Americans are covered with health care.

Barack Obama
Photo by Chip Somodevilla/Getty Images

The projections for the White House was to enroll 6 million Americans under the new health care law and according to the Congressional Budget Office's projection, the White House should hit their target. The newest numbers report that over 5 million people have signed up for insurance under the Affordable Care Act exchanges through February and according to a spokeswoman for Centers for Medicare & Medicaid Services "millions more Americans will come in and enroll in coverage before the March 31 deadline."

Administration officials say that they project that nearly 80 percent of the 4.2 million who have selected plans have already started paying for them. In addition, 83 percent of enrollees have qualified for some sot of federal subsides to help with the cost of the insurance plans.

Not everything is as promising as the Obama administration would like. Only 25 percent of those who have signed up fall in the key demographic age range of 18 to 34, who are crucial for the success of the new health care law. A viral video of President Obama being interviewed by Hangover star Zach Galifianakis on his Funny or Die interview called "Between Two Ferns," made the rounds during the week in an attempt to lure young Americans to sign up for health care. Over 32,000 people clicked on the website following the video.

While the law is far from perfect and the narrative from Republicans has been harsh and 100 percent negative, "Obamacare" seems to be moving forward and benefiting millions of Americans.

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