ACA Enrollment Expected To See ‘Significant Slowdown’ In 2017
Source: benefitspro.com | Re-Post KSS Insurance 11/7/2016 –
Enrollment in the Obamacare insurance marketplace is likely to stall or even decline for 2017 after two years of growth, according to S&P Global Ratings forecasts.
“Our forecasted modest-to-negative growth is clearly a bump in the road, but doesn’t signal ‘game-over’ for the marketplace,” S&P analysts wrote in a report released Thursday.
This November will be the fourth open-enrollment period for individuals to choose insurance plans under the Affordable Care Act, President Barack Obama’s signature health-care law.
The “significant slowdown” predicted by S&P would be another setback for ACA’s government-run insurance markets, after big insurers pulled out of many states because of mounting losses.
ACA enrollment will range from 10.2 million to 11.6 million people after 2017’s enrollment season, which starts Nov. 1, S&P said.
