Obamacare coverage surges in NY despite uncertain future
A surge in signups on the
More than 3.6 million people signed up for health insurance on the state-operated marketplace during the open enrollment period that ended on
In
"It's been a tremendous success," said
Before the state exchange opened in 2014, private insurance was covering a dwindling number of New Yorkers, according to a report written by
Premiums have risen since then, including an average bump of 16.6 percent for individual plans this year, the state
"Overall, the individual market is in markedly better shape now than it was in 2013," the
The individual mandate requires nearly everyone to get health insurance, creating a more balanced risk pool of young healthy people and older sick people. Federal subsidies made insurance more affordable. Insurers designed more flexible policies.
"That unleashed pent-up demand," Newell said.
The number of uninsured New Yorkers as of late 2015 had declined to 5 percent, or 850,000 people, from 10 percent, the
About 101,000 residents are covered by
Enrollments in qualified private health plans - insurance that is certified as providing essential health benefits and cost-sharing limits for plan participants - declined by 10 percent, to less than 15,000, as people shifted to
Statewide numbers are similar.
The national picture is less rosy. Enrollments in the federal health insurance marketplace, covering all but 11 states, declined by more than 4 percent to 9.2 million people in the recent open enrollment period.
Higher premiums, fewer insurers and pledges by
ACA advocates say repeal of the law would hurt economic growth.
Gov.
About 92,000
"If federal funding goes away," said James Schützer, a benefits consultant with
Most people in
But employers are concerned about escalating premiums, he said, and repealing the ACA would not address the underlying costs of health care.
"I'm asked the question every day," Schützer said. "'What does it all mean?'"
"Look, employers want answers. When will health insurance rates stop going up? If that takes repeal, they're all for it. If not and rates continue to skyrocket, they're going to be against that."
It's the underlying cost of delivering health care that pumps up insurance premiums. The problem, Schützer said, is that no one is offering good solutions to controlling those costs.



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