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.