A new federal report shows that 10.3 million people paid their Obamacare premiums this year out of the 12.2 million who signed up during open enrollment, fewer than the number of people who were paying for it after the 2016 enrollment period.
The report released Monday found that cost was the major driver for people dropping out. It comes as the health of Obamacare’s exchanges is being heavily scrutinized during the congressional debate over repealing the law.
The report from Centers for Medicare and Medicaid Services found that in March 2016, 10.8 million people paid their premiums out of the 12.7 million that signed up for open enrollment that year. However, that number dropped to 9.1 million by the end of 2016.
A survey found that 49 percent of consumers who terminated their plans after paying at least one month’s premium this year said they received coverage elsewhere. Of that 49 percent, 58 percent of said they received coverage elsewhere and 22 percent said they were eligible for Medicare.
AAN Staff
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