States like Oklahoma, Mississippi, Florida and Iowa, which had more modest rate increases (or in some cases, decreases) saw major gains in signups. (Photo: Shutterstock)

It turns out, the majority of people don’t need to be threatened with a financial penalty to buy insurance. Despite the loss of the ACA’s individual mandate, nearly 8.3 million Americans signed up for individual health insurance coverage on during this year’s open enrollment period–a slight drop from last year’s 8.4 million.

“These numbers represent remarkably stable enrollment especially in light of the ongoing growth of the Trump economy, improving employment conditions and rising wages that would otherwise reduce the demand for subsidized coverage on the Exchange,” CMS Administrator Seema Verma said in a tweet.

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Emily Payne

Emily Payne is the current deputy editor for ALM's Business & Finance Markets and former managing editor for BenefitsPRO. A Wisconsin native, she has spent the past decade writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.

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