CMS Releases Final Report on Health Insurance Marketplaces for 2017 Open Enrollment, Pennsylvania Saw More than 425,000 Plan Selections
March 15, 2017
The Centers for Medicare & Medicaid Services (CMS) announced its full report for the 2017 open enrollment period. Approximately 12.2 million consumers selected or were automatically re-enrolled in a Marketplace plan during open enrollment.
The open enrollment period, which ran from November 1, 2016 through January 31, 2017 allowed individuals to enroll in individual health insurance that would begin January or February of 2017. According to the CMS report, 31 percent of plan selections were new Marketplace selections.
Other key facts from the report:
- 10.1 of the 12.2 million U.S. consumers, or 83 percent, of selected plans have their premiums reduced through advance premium tax credits (ATPC)
- Nearly three-quarters (74%) of plans selected in HealthCare.gov states selected silver plans, an increase from 71 percent from the previous open enrollment period
- 71 percent of plans selected during the 2017 open enrollment period in HealthCare.gov states had a household income between 100 to 250 percent of Federal Poverty Level
- 60 percent of plans selected during the 2017 open enrollment period in HealthCare.gov states are receiving cost-sharing reduction (CSR) financial assistance
In Pennsylvania, more than 425,000 consumers selected a plan through the Marketplace. Twenty-seven percent of plan selections were new Pennsylvanians and 73 percent were returning Pennsylvanians.
Marketplace Exchanges are one of several ways Pennsylvanians have gained coverage through provisions of the Affordable Care Act. In addition to the more than 400,000 that have gained coverage through the Pennsylvania Marketplace, the Governor’s office cites more than 700,000 Pennsylvanians receiving health insurance coverage through Medicaid expansion. In addition to that, 89,000 young adults have been able to stay on their parents plans to age 26. The results of these provisions has reduced the uninsured in Pennsylvania 40 percent, from more than 10 percent during 2010, to 6.4 percent during 2015.
HAP has dedicated resources at its website that provide more information about how the Affordable Care Act has impacted Pennsylvania.
For more information, please contact Laura Stevens Kent, vice president for federal and legislative advocacy, or Phillip Burrell, director for health market research.