Unsubsidized Enrollment on the Individual Market Dropped 45 Percent from 2016 to 2019

▴ Unsubsidized Enrollment on the Individual Market Dropped 45 Percent from 2016 to 2019
The report shows that subsidized enrollment on the individual market remained remarkably stable in 2019. However, the unsubsidized portion of the market continued to decline in 2019, but at a slower pace than recent years.

The Centers for Medicare & Medicaid Services (CMS) released the Trends in Subsidized and Unsubsidized Enrollment Report today, providing key information on the stability of the individual health insurance market. 

The report shows that subsidized enrollment on the individual market remained remarkably stable in 2019. However, the unsubsidized portion of the market continued to decline in 2019, but at a slower pace than recent years.  Overall, the report provides further evidence that the Trump Administration’s policies are continuing to strengthen and stabilize the individual market.  At the same time, the continued decline of unsubsidized enrollment suggests affordability in the individual market remains a significant challenge for people who do not qualify for subsidies and must pay the entire premium themselves. 

“President Trump is fighting to ensure all Americans have access to the Health Care they need,” said CMS Administrator Seema Verma. “While premiums have stabilized, middle class Americans can’t afford Obamacare’s expensive premiums.” 

The report shows people who do not qualify for subsidies continue to be priced out of the market.  Unsubsidized enrollment declined by over 300,000 enrollees in 2019 – the third consecutive year of declining enrollment.  From 2016 to 2019, unsubsidized enrollment declined by 2.8 million people, representing a 45-percent drop nationally. Though unsubsidized enrollment continues decreasing, the rate of decline dropped to 9 percent in 2019 – down from a 20 percent drop in 2017, and a 24 percent drop in 2018. This lower rate of decline occurred at the same time premium rate leveled off after increasing by double-digits in 2017 and 2018.

At the state level, the percentage change in unsubsidized enrollment from 2016 to 2019 varied Nationwide from a 4-percent drop in Rhode Island, to a 90-percent drop in Iowa. This state data also shows the important connection between premiums and enrollment, as states with larger declines in unsubsidized enrollment experienced higher premium increases on average.

Stable premiums and a more moderate decline in enrollment on the individual market in 2019 demonstrate that the Trump Administration’s policies to stabilize the individual market are working. President Trump prioritized health care immediately upon taking office in 2017, issuing an executive order on day one to minimize the burdens cause by the Affordable Care Act. Shortly after the Administration took office, CMS issued a proposed Market Stabilization Rule. This swift action was followed by additional steps, giving states new tools to stabilize their markets and offer more affordable options.   

While the President’s policies are clearly working, this report also places a spotlight on the millions of Americans priced out of the market by the high premiums that quickly emerged after the Affordable Care Act’s main regulations took effect in 2014. The Trump Administration remains firmly committed to helping those harmed and providing every American with more affordable healthcare options especially during this unprecedented public health emergency.

Tags : #unsubsidized #healthinsurance #healthcarenews #healthcaremarket #latestcovidpdates

About the Author


Faryal Siddiqui

Faryal Siddiqui is a creative person with a flair for writing.
As a dedicated writer she writes about new technology changes in Healthcare and strives to explain things in an easier manner holding the reader’s interest and attention to the very last word of the story. She has been providing information on Medicircle through her articles that display her compendious knowledge on Healthcare Updates, Latest innovations in Healthcare, Trending Medical Scenarios, Corporate and Pharma Updates.
To reach her please write on [email protected]

Related Stories

Loading Please wait...
-Advertisements-


Trending Now

PM addresses the Nation today, announces free vaccinesJune 07, 2021
Why inhalers are best for treating asthma, well illustrated by Dr. Anil SingalMay 12, 2021
Dr. Rohan Palshetkar shares his invaluable insights about the Maternal Mortality Rate causes and improvements in India April 29, 2021
It is important to adopt a non-judgmental attitude towards any teenage girl seeking contraceptive advise suggests Dr. Teena Trivedi, Obstetrician and GynecologistApril 16, 2021
80% of the diseases are psychosomatic which means they have roots in the mind and this is where homeopathy steps in - It resolves physical ailments by finding the cause in the mind – Dr. Sanket Dhuri, Consultant Homeopath April 14, 2021
A futuristic Vision of a Healthcare Entrepreneur: Shyatto Raha, CEO, and Founder of MyHealthcareApril 12, 2021
Saher Mehdi, Founder and Chief Scientist at wellOwise talks about aspects making healthcare more equitable and reachableApril 10, 2021
Wide variety of therapies to address autism in children explained by Dr. Shilpa Jasubhai, Clinical PsychologistApril 09, 2021
Allopathic and Homeopathic medicines should not be taken together says Dr. Sunil Mehra, Homeopath ConsultantApril 08, 2021
The charm of homeopathic medicine is that it can be taken with conventional medicines – Dr. Shruthi Shridhar, Consulting Homeopath April 08, 2021
Dissociative Identity Disorder and associated concepts explained by Dr. Vinod Kumar, Psychiatrist and Head of Mpower - The Centre (Bangalore) April 07, 2021
Dissociative Identity Disorder explained by Dr. Shilpa Jasubhai, Clinical PsychologistApril 05, 2021
Sehat Ki Baat, Karishma Ke Saath- Episode 6 Healthy Diet For Boosting Metabolism Which Can Help Thyroid Patients April 03, 2021
Significant Pointers on Kidney Health by Dr. Santosh Waigankar, Consultant Urooncologist and Robotic Surgeon at Kokilaben Dhirubhai Ambani HospitalApril 01, 2021
Dr. Vaishal Kenia, Ophthalmologist Talks About the Different Possibilities Available for the Treatment of Glaucoma Depending Upon Their Type and SeverityMarch 30, 2021
No Definitive Role of Diet in Treatment of Lymphedema but Intake of Calories, Salt and Long Chain Fatty Acids should be controlled says Dr. Ramani CVMarch 30, 2021
Dr. Kiran Chandra Patro, Senior Nephrologist Talks About Dialysis as the Temporary Process and Not a Permanent Cure for the Patients of Renal DysfunctionMarch 30, 2021
Two out of three new chronic kidney disease patients are found to have diabetes or hypertension informs Dr. Sreeharsha HarinathaMarch 30, 2021
Glaucoma Treatment: Medications or Surgery? A valuable piece of advice from Dr. Pranay Kapdia, Chairman and Medical Director of Kapadia Eye CareMarch 25, 2021
Dr. Shraddha Satav, Consultant Ophthalmologist Recommends that Everybody After 40, Should Go for the Complete Eye Checkup at Regular IntervalMarch 25, 2021