Report: Just 2.4 million HealthCare.gov customers paid their first month’s premium

Report: Just 2.4 million HealthCare.gov customers paid their first month’s premium

Just 67% of Obamacare enrollees in federally-run marketplaces had paid their premiums by April 15, bringing the federally-run Obamacare enrollment tally to only 2.45 million, according to documents provided to the House Energy and Commerce Committee.

The Obama administration has been heavily promoting the 8 million enrollment figure but has refused to release any data on how many purchased their plans.

According to all 160 insurers participating in the federal exchanges, just 2.45 million people paid their first month’s premium by April 15. That accounts for 36 states, although high-enrollment state-run Obamacare exchanges — like California with its 1.4 million sign-ups — aren’t included.

Premium

The 67% payment rate is markedly lower than the 80-to-85% that experts have predicted will end up paying their premiums. April 30 is the final day for most federal exchange customers to make their payments.

Of those who have paid their premiums, just 25% fall within the highly desired young invincible range from ages 18 to 34 — drastically lower than the administration’s minimum goal of 39% needed to avoid premium hikes next year.

The House committee compiled the data from insurance providers participating in the federally-run exchanges through HealthCare.gov, after requesting the information in early March. Members will ask insurers to update the payment data by May 20 to include full payments through April 30.

Said committee chairman Fred Upton, a Michigan Republican:

In a sad reversal away from its vows of transparency, the Obama administration, from inside the Oval Office on down, has gone to extraordinary lengths to keep basic details of the health care law from the public. Tired of receiving incomplete pictures of enrollment in the health care law, we went right to the source and found that the administration’s recent declarations of success may be unfounded.

The Obama administration has been touting exchanges’ 8 million sign-ups far and wide, but have come under fire for refusing to release any data on the number of Americans that have actually paid for their health care plans.

The enrollment data frequently touted by the White House includes anyone who selected a health care plan via an Obamacare exchange — similar to putting a product in a shopping cart on a website, but not purchasing it.

Texas has the lowest payment rate so far at 42%, while President Barack Obama’s home state of Illinois has had just 52% of customers pay their first premium.

While most customers had through April 30 to finally pay up for their plans, the numbers question whether the Obama administration will meet its goal of 7 million paying customers. Even if customers have been paying up in droves over the last two weeks and meet experts expectations of a 80-to-85%  payment rate, real enrollment would total between 6.4 million to 6.8 million.

It’s still not clear how many of 2.45 million paid enrollees were previously uninsured. After a report from consulting firm McKinsey found lower payment rates from the previously uninsured, Manhattan Institute health policy expert Avik Roy warned that the previously uninsured could make up as little as 24% of paid exchange customers.

An even more accurate measure of Obamacare’s success will be how many Americans will continue to pay their premiums each month. That tally will likely fall even further over the next year.

This report, by Sarah Hurtubise, was cross-posted by arrangement with the Daily Caller News Foundation.


LU Staff

LU Staff

Promoting and defending liberty, as defined by the nation’s founders, requires both facts and philosophical thought, transcending all elements of our culture, from partisan politics to social issues, the workings of government, and entertainment and off-duty interests. Liberty Unyielding is committed to bringing together voices that will fuel the flame of liberty, with a dialogue that is lively and informative.

Commenting Policy

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse. Read more.

You may use HTML in your comments. Feel free to review the full list of allowed HTML here.

Facebook Comments

Disqus Comments