Transitional Plans

Last week I decided to check in on the "grandfathered/transitional plan" situation and attempted to do some crude back-of-the-envelope math to try and get a rough idea of just how many people are still enrolled in these non-compliant policies, and how many may still be enrolled in them a year and a half from now.

Ever since I laid into Congressional Republicans on Friday for deliberately sabotaging the funding program for the ACA's CO-OP Risk Corridor program last December, several people have correctly pointed out that, while having federal funds cut for this program cut off was certainly a major factor in at least one of the CO-OPs going under (the Kentucky Health CO-OP), there was a different policy change--made nearly 2 years ago--which may also contributed to their financial woes (and which may have played a role in some of the other 4 CO-OPs which fell apart prior to the risk corridor debacle hitting home a week or so ago).

Last week I took the known 2016 Florida rate increase requests (around 14.7% weighted average for 10 companies with around 713,000 enrollees) and took my best shot at trying to estimate what the rest of Florida's ACA-compliant individual market might look like.

In order to do this properly, I'd need 2 pieces of data: First, the weighted average increase request for the 6 additional companies which I didn't already have rate requests for; and second, the total ACA-compliant enrollment number for those 6 companies.