Outpacing Last Year, More Than 11.5 Million People Are Signed Up for Marketplace Coverage - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
January 11, 2017 Newswires
Share
Share
Post
Email

Outpacing Last Year, More Than 11.5 Million People Are Signed Up for Marketplace Coverage

Targeted News Service (Press Releases)

WASHINGTON, Jan. 10 -- The U.S. Department of Health and Human Services' Centers for Medicare and Medicaid Services issued the following news release:

A new report released today by the U.S. Department of Health and Human Services (HHS) shows that more than 11.5 million people nationwide were signed up for Health Insurance Marketplace coverage as of December 24, 2016, an increase of 286,000 plan selections relative to the comparable period last year. In addition, more than 700,000 New Yorkers and Minnesotans also signed up for 2017 coverage through their states Basic Health Programs (BHPs), bringing the total signed up for coverage through either the Marketplace or a BHP to 12.2 million.

"Nationwide demand for health coverage is higher than ever, as Americans prove again that Marketplace coverage is vital to them and their families," said Health and Human Services Secretary Sylvia M. Burwell. "For Americans who have not yet signed up, it's not too late. Open enrollment continues through January 31st, but you should visit HealthCare.gov by this Sunday to ensure your coverage starts February 1st. Most HealthCare.gov consumers can find a plan for less than $75 per month in premiums, and millions are finding plans that meet their and their families' needs."

Growing demand for Marketplace coverage refutes predictions that 2017 premiums changes would lead to sharp declines in enrollment and a so-called "death spiral," a notion also debunked in a report released today by the Council of Economic Advisors. Instead, today's data show that a broad cross-section of Americans continue to rely on the Marketplace to access affordable, quality coverage. In the 39 states using the HealthCare.gov enrollment platform for 2017, more than 8.7 million people signed up for coverage. This group includes:

* 4.8 million female and 4.0 million male consumers.

* 3.9 million White, 584,000 African-American, 882,000 Latino, and 573,000 Asian consumers.

* 1.6 million rural Americans.

* 840,000 children, 2.3 million adults age 18-34, 3.2 million adults age 35-54, and 2.5 million older Americans. The share of consumers age 18-34, 26 percent, is the same as last year at this time.

The report underscores the importance of financial assistance for Marketplace consumers across the country. More than 8 in 10 individuals - 9.3 million people - who are signed up for 2017 plans through the Marketplace will receive advance premium tax credits. Among the 7.2 million HealthCare.gov consumers who will receive tax credits, tax credits will reduce premiums by an average of $386 per month. On an annual basis, that works out to $4,600 per year.

Today's report also shows that Marketplace consumers are actively engaged with their coverage. Among HealthCare.gov returning consumers, 65 percent came back to the Marketplace and actively selected a plan, an increase from last year's already high 60 percent active renewal rate.

Open Enrollment continues through January 31st. Last year, enrollment slowed in the middle of January but spiked in the days before the final deadline. Plan selection totals will also fluctuate over the remainder of Open Enrollment as some consumers choose to cancel their plans, for example in response to life changes like starting a new job with employer coverage or gaining eligibility for Medicare or Medicaid.

Consumers have until January 15th to sign up for coverage that starts February 1. With millions of Americans still in need of affordable, quality health insurance for 2017, HHS will continue its outreach to make sure uninsured Americans know about the coverage and financial assistance available through HealthCare.gov. Through the rest of this month, we'll be running additional TV and radio advertising, sending targeted emails to consumers, and continuing our innovative partnerships with sites like Twitch, YouTube, Instagram and Facebook. And new this year, the IRS will send direct mail to people who went without health insurance in 2015, encouraging them to get covered instead of paying the penalty and letting them know that financial help is available.

An estimated 72 percent (https://aspe.hhs.gov/sites/default/files/pdf/212721/2017MarketplaceLandscapeBrief.pdf) of Marketplace consumers can find plans for less than $75 per month, and the large majority (http://www.commonwealthfund.org/publications/issue-briefs/2016/may/aca-tracking-survey-access-to-care-and-satisfaction) of Marketplace consumers nationwide are satisfied with their coverage and report (http://hrms.urban.org/briefs/health-care-access-affordability-low-moderate-income-insured-uninsured-adults-under-ACA.html) that it offers them financial security and access to care. Consumers should visit HealthCare.gov or CuidadodeSalud.gov, their state Marketplace, or call 1-800-318-2596 to review their coverage options, learn about what financial assistance is available, or to sign up or re-enroll in a plan that best meets their needs.

To read today's report and see state level tables visit: https://www.cms.gov/Newsroom/MediaReleaseDatabase/Fact-sheets/2017-Fact-Sheet-items/2017-01-10.html

To read the Council of Economic Advisors issue brief, "Understanding Recent Developments in the Individual Health Insurance Market," visit: https://www.whitehouse.gov/sites/default/files/page/files/201701_individual_health_insurance_market_cea_issue_brief.pdf.

30FurigayJane-5742067 30FurigayJane

Older

CPA Society Presents Sidney Kess Financial Planner Conference, Jan. 17

Newer

Symbility Solutions to Present at Cantech Investment Conference 2017

Advisor News

  • Trump bets his tax cuts will please Las Vegas voters on his swing West
  • Lifetime income is the missing link to global retirement security
  • Don’t let caregiving derail your clients’ retirement
  • The ‘magic number’ for retirement hits $1.45M
  • OBBBA can give small-business clients opportunities for saving
More Advisor News

Annuity News

  • Annuity industry grapples with consolidation, innovation and planning shifts
  • Human connection still key in the new annuity era
  • Lifetime income is the missing link to global retirement security
  • ‘All-weather’ annuity portfolios aim to sharply limit rainy days
  • Annuity income: The new 401(k) standard?
More Annuity News

Health/Employee Benefits News

  • Navigator cuts leave Americans with less help to find Obamacare plans
  • Health care deductibles could double, triple after School Board vote
  • Trump admin seeks health-care price transparency
  • OID approved in effort to make health coverage more affordable
  • MEDICAID COST-SHARING COVERAGE VETO SUSTAINED
More Health/Employee Benefits News

Life Insurance News

  • National Life Group Releases its 2025 Annual Report and Business Highlights
  • Is life insurance through an employer enough?
  • Best’s Market Segment Report: Australia’s Non-Life Insurance Segment Navigating Growth in a Volatile Landscape
  • AI and life insurance: Fast today, unpredictable tomorrow
  • Judge allows PHL policyholders to intervene, denies ‘premium holiday’
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Protectors Vegas Arrives Nov 9th - 11th
1,000+ attendees. 150+ speakers. Join the largest event in life & annuities this November.

A FIA Cap That Stays Locked
CapLock™ from Oceanview locks the cap at issue for 5 or 7 years. No resets. Just clarity.

Aim higher with Ascend annuities
Fixed, fixed-indexed, registered index-linked and advisory annuities to help you go above and beyond

Unlock the Future of Index-Linked Solutions
Join industry leaders shaping next-gen index strategies, distribution, and innovation.

Leveraging Underwriting Innovations
See how Pacific Life’s approach to life insurance underwriting can give you a competitive edge.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Press Releases

  • RFP #T01325
  • RFP #T01325
  • RFP #T01825
  • RFP #T01825
  • RFP #T01525
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet