87 percent of PPACA enrollees on subsidies

The vast majority of PPACA enrollees are paying for their coverage — at least in part — with federal subsidies.

According to the latest enrollment data dump from the Department of Health and Human Services, 87 percent of of 2015 enrollees will receive some financial assistance. That’s a 7 percent jump over last year’s inaugural batch of exchange enrollees.

That includes those among the more than 4 million first-time enrollees in both state and federal exchanges and those reenrolled open enrollment’s first month.

More than 3.4 million of those signed up through HealthCare.gov, while more than 600,000 enrolled in the 14 states operating their own exchanges.

“We’re pleased that nationwide, millions of people signed up for Marketplace coverage starting Jan. 1. The vast majority were able to lower their costs even further by getting tax credits, making a difference in the bottom lines of so many families,” HHS Secretary Sylvia M. Burwell said in a written release. “Interest in the Marketplace has been strong during the first month of open enrollment. We still have a ways to go and a lot of work to do before February 15, but this is an encouraging start.”

Perhaps most importantly, HHS revealed that a third of those enrollees are under 35, a 4 percent jump since last year.

And as most brokers can probably attest, a third of those enrollments — a whopping 1 million — came in the three-day home stretch before the Dec. 15 deadline for Jan. 1 coverage.

 

One comment on “87 percent of PPACA enrollees on subsidies

  1. Skye Reply

    Hmmmm. Let’s see Wonder why there is a provision in the ACA that pnlzeiaes any state that passes medical tort reform??Couldn’t be to protect the Trial lawyers who overwhelmingly with millions of dollars annually contribute to the reelection of Democrats? The cost of product liability and personal injury liability in medical care alone results in annual costs of a conservatively estimated $60 billion dollars, equal to another similar amount annually in Medicare fraud,, and even more in Social Security disability fraud.Every large nation, save perhaps smaller ones, like Switzerland ( population about the size of Arizona or Massachusetts)that has tried national health plans have evantually found them to have been fiscal and quality care disasters, with rationing of care and two tiered medical care in which people who can afford it, pay extra for high quality and timely care. or travel to the U.S. for timely and expert care. Like any other necessary commodity,( housing, food and transportation , etc.) medical care cannot be free to large numbers of citizens without punitively high taxation to every working adult.When one bears in mind that the United States is the only civilized western Democracy which allows unlimited legal ( and punitive)monetary recovery for product or personal injury litigation, it is even more impressive that no other major nation has had a national single party payer medical care system that has survived intact. The sheer inefficiency, waste and fraud in such massive federally operated programs like Medicare, suggest that individual states should be better equipped to administer such programs for their own citizens if desired, by the economy of smaller numbers. The ACA and Medicare, Medicaid and various other government run programs have little or no incentive to utilize taxpayers hard earned money efficiently. So long as congressmen/women can make careers in their jobs with the perks they have voted themselves, the temptation is extreme to spend public money in ways that tend to insure their reelectiion, cycle after cycle. Until reasonable term limits are dictated by citizens, there is no reason to believe this situation will ever change.The term, statesman has become a contradiction in terms in our lifetime.Hospitals are closing, experienced physicians are leaving heir practices early, defensive ( and expensive ) medicine is increasing, increasing numbers of physicians of all stripes are no longer accepting Medicare only and Medicaid patients, and the ACA only continues the trend of the past several decades of reimbursing even less for provider services. Does anyone really believe that physicians or other medical professionals can continue to accept smaller reimbursement fees for Medicaid and Medicare patients indefinitely,and yet continue to take care of them in large numbers?Medical costs are largely out of control because too many people do not want to budget for medical care, the litigation costs are out of sight for all medical products because of product and personal liability, there are too many third party organizations ( insurance companies, HMOs PPOs, between the patient and the provider all wanting a chunk of every dollar spent on medical care. Do yourself a favor and read, Liability: The Legal Revolution and its Consequences (1988), an expose of the abuse of tort law by Peter Huber, a Senior Fellow of the Manhattan Institute, and a brilliant scientist and lawyer. This critically applies not only to te cost of medical and health care, but to all of our costs of living in the U.S. in general,in my view.

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