President Obama said Thursday that a total of 8 million people signed up for health insurance under the Affordable Care Act during the initial enrollment period that ended March 31.

“The Affordable Care Act is now covering more people at less cost than most would have predicted just a few months ago,” Obama said during a White House news conference.

The rise in health care costs is slowing and previously uninsured Americans are now covered, Obama said, adding: “This thing is working.”

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