Wednesday, February 12, 2014

ACA Enrollment Collapses: They Came, They Saw, They Did Not Pay.

“With less than seven weeks of open enrollment to go, ObamaCare enrollment — and payments — have slowed to a near-crawl in some states.

Minnesota's exchange enrollment goal of 67,000 seemed within reach on Jan. 4, when signups stood at 25,860.

But after surging by more than 4,000 per week in the prior five weeks, signups collapsed back to November's pace of less than 700 per week.

As of Feb. 1, Nevada had just 14,999 paid enrollees — vs. the state's March 31 goal of 115,000.

Washington state, meanwhile, was slightly more than halfway to its goal of 340,000 signups — but only 88,071 had paid as of Feb. 1.

The January data available from a handful of states raise new doubts about whether ObamaCare's downgraded first-year prospects are still too optimistic.

Further, a spotty payment rate (50% in Washington and 66% in Nevada) creates a risk that the demographics of the paid exchange population may be older — and possibly sicker — than even the national signup data have signaled.”

“No state has provided as much detail about its enrollment through Feb. 1 as Minnesota, and the details are somewhat concerning. (The state counts people who have completed their application and chosen a payment method.)

Only 21% of signups were in the key 18-34 demographic vs. 35% ages 55 to 64. Minnesota officials have been taken by surprise at the share of people signing up for ObamaCare's richest "platinum" coverage, which reimburses 90% of the covered group's qualifying expenses.

Fully 29% have signed up for low-deductible platinum policies — compared to a projection of 5%. Such policies would tend to be favored by people who want to guard against high medical expenses, while someone expecting minimal costs might go for a high-deductible bronze plan.”
- ObamaCare Enrollment Slows To Crawl, State Data Show,, 02/10/2014

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