Monday, July 04, 2016

Obamacare enrollment at 11.1M, as some drop off after premium bills come due

Obamacare enrollment at 11.1M, as some drop off after premium bills come due:
Federal health officials in a new report say that about 11.1 million people were enrolled in Obamacare insurance plans as of the end of March.
That's 1.6 million or so fewer people than had actually selected a plan on one of the government-run health marketplaces by the close of the third season of open enrollment in February.
The drift-down, which was expected, is largely a result some people who had selected a plan not making their first month's premium payments once they came due.
For enrollment to be considered official that payment has to be made.
Image result for free money..."The Obamacare exchange business has clearly hit a ceiling," said Robert Laszewski, an Obamacare critic who runs Health Policy and Strategy Associates.
...Another concern for Obamacare advocates come from premium prices proposed for 2017.
Many plans are calling for double-digit percentage hikes next year, higher than had been proposed in prior years.
...Nearly 85 percent, or 9.4 million of all Obamacare customers, received federal subsidies, or tax credits, to help lower the cost of their monthly premiums.
Those subsidies are available to people who have low or moderate household incomes earning between one and four times the federal poverty level, or $20,090 to $80,360 for a family of three.
Premium subsidies can significantly reduce the actual premiums paid by a customer, particularly if they have lower incomes.
The average subsidy nationally was $291 per month..."

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