Poor enrollment expected for Obamacare

The Obama administration is setting a pretty low bar for Obamacare enrollment, putting up a goal of 10 million people to have coverage by the end of next year.

The administration said Thursday that projections expect 14 million people to sign up for Obamacare, but only 9 to 11 million people would have coverage by the end of 2016. This is due to people dropping out or not paying premiums.

So the administration has set the goal of 10 million to have coverage. That is about the same amount of enrollees who have paid for Obamacare now.

"We believe 10 million is a strong and realistic goal," said Health and Human Services Secretary Sylvia Burwell. "We've seen high levels of satisfaction with the marketplace and expect the vast majority of our current customers will re-enroll. And our target assumes that more than one out of every four of the eligible uninsured will select plans."

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The open enrollment projection is far below the nonpartisan Congressional Budget Office's projection of about 21 million people.

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