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Insurers Say Most ACA Customers Paid Their First Premiums

Three large health insurers, including WellPoint Inc. and Aetna Inc., say that a high percentage of their new Obamacare customers are paying their first premiums...
May 14, 2014

Three large health insurers, including WellPoint Inc. and Aetna Inc., say that a high percentage of their new Obamacare customers are paying their first premiums. As many as 90 percent of WellPoint customers have paid their first premium by its due date, according to testimony the company prepared for a congressional hearing on May 7. Aetna stated in its own testimony that the payment for them is in the “low to mid-80 percent range.” Health Care Service Corp., which operates Blue Cross Blue Shield plans in five states (including Texas), said that number is at least 83 percent. Making the first monthly payment is the last step to confirm enrollment in plans sold under the Affordable Care Act (ACA).

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