Private QHP Enrollments Just Broke 50% of CBO Projection!
Submitted by Charles Gaba on Wednesday, February 19, 2014 - 4:57pm.
Yes, it's true...sort of. With the addition of the latest numbers from Colorado, Hawaii and especially California, if you include all ACA Exchange-based enrollments reported to date--both paid and unpaid--the total currently sits at a tad over 3.56 million people. The original CBO projection for exchange-based private QHP enrollment was 7 million, so we've finally hit the halfway mark. Of course, the enrollment period itself is actually over 77% of the way through, so this is more of a purely symbolic milestone than anything else, but it's still worth noting.
There's a few additional caveats as well, of course; if you remove all enrollments known to be unpaid (about 265K) from the 5 states which have broken that out, and then subtract another 10% from the remaining 46 states, you'll only have about 3.05 million enrollments which are paid (or unpaid due to billing problems on the insurance company's end, which can hardly be blamed on the customer or the exchange system). However, this works out nicely as well, since 3.05 million is still over 50% of the revised CBO projection of 6 million total!
Anyway, take a look at The Graph, which has been updated to include the latest numbers...as well as lopping off about 1 million Medicaid enrollments which appear to actually be "normal churn" numbers.
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