The enrollment total is the highest in the exchange’s history, surpassing last year’s enrollment of 16 million. According to CMS, 3.7 million enrollees are new to the exchange, while 16.6 million had active coverage in 2023 or were automatically reenrolled for 2024.
Enhanced subsidies have driven an increase in enrollment in exchange plans, The New York Times reported Jan. 10. Cynthia Cox, director of the Program on the Affordable Care Act at KFF, told the Times some of the increase is attributable to people signing up for ACA insurance after being disenrolled from Medicaid.
Open enrollment on the ACA exchange runs through Jan. 16.
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.