WSJ: Affordable Care Act Sign-Ups Total 11.4 Million for This Year
Today, The Wall Street Journal reported the final numbers for enrollment in health insurance plans through the Affordable Care Act marketplace, also known as Obamacare. Read the full article here or read an excerpt below.
About 11.4 million people signed up for coverage on the Affordable Care Act’s exchanges for this year, according to a final tally released Monday, amid sharp debates in Washington over the future of health coverage.
Total plan selections on the ACA’s federal and state exchanges fell by about 300,000 from the previous year, according to the Centers for Medicare and Medicaid Services, which administers the health law.
Most of the declines came in states that relied on platforms overseen by the federal government, which has cut most of its advertising and outreach budget.
Average rates for popular health plans sold on the exchanges fell about 1.5% this year, according to the Trump administration, the first such drop and a sign that the insurance markets are gaining firmer traction despite tumult in the past two years.
The majority of people who obtain coverage on the exchanges get tax credits to reduce premium costs.