Has Obamacare Enrollment Reached its Peak?
Has Obamacare enrollment finally reached its peak? According to a federal report published today It is estimated in 2016 fewer than 1 million new customers nationwide will purchase health insurance from the Obamacare exchanges. According to a report released by the Department of Health and Human Services, it is estimated 10 million people will be covered by private health insurance policies obtained via the Affordable Care Act’s exchange marketplaces in 2016, an increase of just 900,000 from the 9.1 million people the department estimates will have such plans by the end of 2015.
This estimate represents a mere 10% increase in new purchases reflects both the successes and the challenges ahead for the new marketplaces created by the Affordable Care Act. According to a Gallup poll the uninsured rate has plummeted since 2013 as an estimated 15 million people gained coverage from the exchanges or the law’s expansion of Medicaid eligibility.
The Secretary of Health and Human Services Sylvia Burwell acknowledged individuals’ uninsured, and most eager to enroll in a healthcare managed by the Affordable Care Act has already done so, and the remaining 900,000 will be very difficult to get enrolled.“We believe 10 million is a strong and realistic goal,” Burwell said in conference call with reporters Thursday. “We’ve seen high levels of satisfaction with the marketplace and expect the vast majority of folks will re-enroll. And our target assumes something that is probably pretty challenging, which is that more than one out of every four of the eligible uninsured will select plans,” she said.
Sign-ups for coverage that takes effect next year begin next month. The federal government handles enrollment via HealthCare.gov in 38 states, while the remainder operate state-run exchanges.