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ACA Signups Surge, Set New Record

A record number of people signed up for coverage under the Affordable Care Act in the first few days of open enrollment this year compared to the same period in previous years, sources say...
November 14, 2017

A record number of people signed up for coverage under the Affordable Care Act (ACA) in the first few days of open enrollment this year compared to the same period in previous years, sources say. During the first four days, 601,462 people selected health plans through HealthCare.gov. Of that figure, 137,322, or 23 percent, were new to the marketplace and did not have coverage through the federal insurance exchange this year.

Because it is still early in the process, it is unclear how the final sign-up numbers will come out. The upsurge in sign-ups is positive news for backers of the ACA, who have been concerned about its future after the administration cut the outreach budget by 90 percent this year.

READ: Brokers Are Reluctant Players in 2018 ACA Signup Season

Meanwhile, in its 2017 National Survey of Employer-Sponsored Health Plans, consulting firm Mercer found that while individual market premiums nationwide have risen by double and triple-digit percentages each year since the passage of the ACA, the market for employer-sponsored plans has remained relatively steady. Employer-sponsored plan costs rose by 2.6 percent in 2017 nationwide. Altarum’s latest report reveals that overall, healthcare prices rose just 1.1 percent year-over-year through September, representing the lowest price growth rate in roughly two years. That growth rate was just slightly higher than the all-time low growth rate of 0.9 percent in December 2015.

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