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More Health Plans May Compete on ACA Exchanges in 2015

With the initial enrollment period for insurance coverage under the Affordable Care Act now over, there are reports of new interest by some insurers in participating next year...
April 29, 2014

With the initial enrollment period for insurance coverage under the Affordable Care Act (ACA) now over, there are reports of new interest by some insurers in participating next year. This comes in spite of disastrous rollouts in many of the online marketplaces last fall. Business Insurance reports that mounting evidence suggests more health plans are poised to compete for state and federal exchange business during the 2015 open-enrollment period.

Meanwhile, last week the Obama administration released final enrollment figures for the ACA’s initial open enrollment period, showing 8 million individuals signed up for coverage through state and federal insurance exchanges. That figure is one million over where the Congressional Budget Office (CBO) expected sign-up numbers to be at this stage of the law’s implementation. The Department of Health and Human Services (HHS) said 35 percent of those who signed up are younger than 35 years old and 28 percent are between 18 and 34 years old — virtually the same youth percentage that signed up in Massachusetts in its first year of health reform. Massachusetts’ health insurance reform law was the model for the ACA.

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