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CMS reports a slight increase in effectuated enrollment for early 2020
Healthcare Finance News July 24, 2020
It found that the number of consumers who enrolled, paid and had coverage increased by about 1% from 10.6 million the same time last year.
About 10.7 million people had active policies under the federally-facilitated Health Insurance Exchange in early 2020, an increase from the year before.
On Thursday, the Centers for Medicare and Medicaid Services released its Early 2020 Effectuated Enrollment Report, finding that the number of consumers who enrolled, paid and had coverage as of March 15, 2020, increased about 1% from 10.6 million during the same time last year.
This year, roughly 94% of consumers who made plan selections during open enrollment ended up paying their first month’s premium.
The average monthly premium decreased from $594.17 in...
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