HHS Reports 9.9 Million Have Enrolled, Paid For Health Policies
According to data announced Tuesday by the US Department of Health and Human Services, 9.9 million in the US were enrolled and paying premiums under Obamacare as of June 30. This is a decline from the 10.2 million who were reported enrolled and paying as of March 30, the AP reports. HHS said 84% of enrollees were receiving some form of tax subsidy to help defray costs, and the program is still on target for the Obama Administration’s year-end goal of 9.1 million paying enrollees. The Hill notes that the data showed that so far in 2015, HHS “terminated coverage for around 423,000 people who failed to produce sufficient documentation of their citizenship or immigration status,” and also adjusted subsidies given to 937,000 US households to pay for coverage. Still, in disclosing the latest data, HHS Secretary Sylvia Burwell said, “Millions of Americans are benefiting from the peace of mind that comes with having quality coverage at a price they can afford as they access coverage through the Affordable Care Act’s Marketplace.” The Washington Post notes that the 9.9 million people are a decline from about 12.7 million who were signed up for Obamacare at the start of 2015. The Los Angeles Times says this kind of “attrition has been a regular process since the marketplaces opened in the fall of 2013, as consumers who select health plans during the annual open enrollment period drop coverage through the year or fail to pay premiums.”
What This Means For Small Businesses
US consumers are clearly having difficulty under Obamacare, as many are failing to pay for the expenses associated with premium costs. This is bad for small businesses, whose customers are left with less spending money as healthcare costs continue to rise. Further, small businesses are facing mounting pressure as they attempt to provide employees with insurance benefits. Obamacare continues to be a major burden for small businesses across America.
The Wall Street Journal is among the other outlets covering the latest Obamacare enrollment data.
Note: this article is intended to keep small business owners up on the latest news. It does not necessarily represent the policy stances of NFIB.