Young adults have a particularly challenging time signing up for a plan sold on the federal health insurance exchange largely because of confusing industry jargon, according to a study published in the Journal of Adolescent Health.
More than 10 million people have signed up and paid their premiums to start their coverage of plans purchased on the federal health insurance exchange, according to data released Tuesday from the Centers for Medicare & Medicaid Services. But that data also showed that more than 6 million are at risk of losing their subsidies depending on how the U.S. Supreme Court rules later this month in King v. Burwell.
Federally-operated health insurance exchanges retained more enrollees from 2014 than state-run exchanges, while also signing up a higher percentage of new consumers this year compared to state-run marketplaces, according to a new analysis from Avalere Health.
Although insurers have successfully enrolled low-income individuals in health insurance exchanges throughout the country, they have struggled to sign up people earning higher incomes who may still be eligible for subsidies.
The country's largest consumer operated and oriented plan, Health Republic, has the highest market share among the 17 plans offered on the New York health insurance exchange. This success stems from a "unique, dynamic" business model, the insurer's CEO said in an exclusive interview with FierceHealthPayer.
Although insurers are still signing up new consumers for the current health insurance exchange enrollment period, they're starting to focus on next year's enrollment process to hopefully ward off major difficulties.
Enrollment in Healthcare.gov is expected to reach 10.5 million people by the end of next year, according to an analysis from Avalere Health. That's higher than the White House estimate of 9.1 million enrollees but lower than the Congressional Budget Office's prediction of 13 million.
Insurers are blasting a Republican-backed Congressional spending bill, saying it will cut vital federal payments and lead to an increase in healthcare costs.
Although the enrollment period for the federal health insurance exchange has so far been much smoother than last year, legal immigrants have been dealing with a particular hiccup, reported the Associated Press.
The second open enrollment period for health insurance exchanges began Saturday with an overall smooth rollout, though some consumers reported challenges signing up and some states had to deal with unexpected glitches.