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Avalere: ACA’s exchange enrollment could increase by 1M due to COVID-19 job losses
Fierce Health Payers July 9, 2020
The Affordable Care Act’s insurance exchanges could add more than 1 million new members because of the COVID-19 pandemic.
The analysis released Thursday by Avalere attributes the spike to special enrollment due to massive job losses caused by COVID-19. The boost in customers could cause more insurers to return to a market they have left after financial losses over the past few years.
“With unemployment rates at or near 10% in almost all states, many consumers have been separated from their previous employer-sponsored plans,” the analysis said. “The economics of Medicaid eligibility in many states and the recent boost to unemployment assistance indicate that many are turning to the exchanges for coverage.”
Currently, there are more than 750,000 new exchange...
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