Consumers exploring health insurance options under the 2015 health law - Global Banking & Finance Review
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ADMIN. DIALS BACK GOAL FOR HEALTH LAW SIGN-UPS

Published by Gbaf News

Posted on November 11, 2014

1 min read
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RICARDO ALONSO-ZALDIVAR, Associated Press

Administration Lowers Health Law Sign-Up Goals

WASHINGTON (AP) – The administration is dialing back expectations for health insurance sign-ups in the second year of President Barack Obama’s big push to cover uninsured Americans.

2015 Enrollment Estimates Released

A report released Monday by the Health and Human Services department estimates that 9 million to 9.9 million paying customers will enroll for 2015.

Comparison With Congressional Budget Office Projections

That’s significantly lower than the 13 million the Congressional Budget Office projected earlier this year.

But it does represent an increase of roughly 30 to 40 percent from the 7.1 million currently signed up.

Details on Health Law Coverage Options

Under the health law, people who don’t have coverage on the job can buy taxpayer-subsidized private insurance through HealthCare.gov and state insurance markets. Many are required to do so to avoid fines.

Open Enrollment Period and Consumer Resources

Open enrollment starts Saturday. Consumers can get an early peek at premiums now on HealthCare.gov.

Key Takeaways

  • The administration revised its health law enrollment projections for 2015 down to 9–9.9 million paying customers, below the 13 million previously projected by the CBO.
  • The revised target still marks a 30–40% increase over the existing 7.1 million enrollees.
  • Open enrollment for 2015 began mid-November, with consumers able to preview premiums on HealthCare.gov.
  • HHS Secretary Sylvia Burwell based the new estimate on internal HHS analytics rather than prior CBO estimates.

Frequently Asked Questions

Why was the enrollment goal reduced?
HHS revised its estimate based on internal analytics suggesting slower uptake than earlier CBO projections.
How does the new goal compare to current enrollment?
The revised estimate of 9–9.9 million paying customers represents a 30–40% increase from the approximately 7.1 million already enrolled.
When did open enrollment for 2015 begin?
Open enrollment began on Saturday (November 15, 2014) when consumers could preview 2015 premiums on HealthCare.gov.
Who announced the new enrollment target?
HHS Secretary Sylvia M. Burwell announced the revised enrollment target.

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