Jan. 15—Friday is the last day of open enrollment on
As of Wednesday, 328,024 Pennsylvanians had enrolled, compared with 331,825 at the end of last year's open enrollment period. Consumers have until midnight Friday to buy a plan at pennie.com. Help is also available by telephone, toll free, at 844-844-8040 until midnight Friday night.
"I didn't expect us to match last year's number," said
Consumers who turned to Pennie for insurance were expected to find that average premiums were 3.3% lower than last year, though experts warn that premium rates don't always translate into lower overall costs because of the way subsidies work and because premiums don't include costs such as deductibles and copays.
Marketplace enrollment in
Experts have attributed steady declines in marketplace enrollment to the shortening of enrollment periods, the elimination of the individual mandate, rising costs, the availability of more options for insurance that don't meet ACA standards, and Medicaid expansion.
"We saw a smooth transition," said
"The fact that
Sherman said that without the new reinsurance program, which is effectively insurance on insurance for large claims and is being paid for with money that used to go the federal government to pay for HealthCare.gov, average rates would have been 5% higher than they are.
"It's invisible to the consumer," Sherman said, but "it has the effect of reducing the overall level of risk."
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