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The Centers for Medicare and Medicaid Services reported Monday that the total number of registrations in Obamacare had dropped from about 300,000 people to 11.4 million in 2019, which goes against predictions that millions of people would fall off plans.
Monday's figures include data from the 11 states that, along with the District of Columbia, manage their own trade, as well as data previously released by the federal government.
The Trump administration qualifies the result as "stable" compared to last year. The results defy the forecasts of the Congressional non-parliamentary budget office, according to which 3 million people participating in the exchanges would no longer be insured if the republicans annulled the individual mandate of the law, which imposed a fine on the uninsured. The Republicans canceled the fine early this year under the tax law that President Trump promulgated.
The slight decline in the number of people joining the cover occurred even though the Trump administration allowed people to take out coverage outside the Obamacare rules, and despite budget cuts in the advertising of the law and in the funding of "navigators" who help people to register. Throughout last year and during the recruiting period, Democrats warned that millions of people would not be insured and that the Trump administration was trying to "sabotage" health care.
On average, health insurance in the riding of Obamacare in 2019 costs about $ 612 a month, although the federal government pays the cost for most people who receive coverage. The average cost was $ 87 per month for customers.
Millions of people, however, are not eligible for coverage and buy it off the exchange. The income threshold for grants is $ 48,560 per annum for an individual and $ 100,400 for a family of four. Other factors involved in the costs include location, smoking and age.
The Centers for Medicare and Medicaid Services said that the strength of the economy had contributed to the decrease in the number of registrations, noting that people looking for a job enjoying a coverage did not need to take out health insurance from the stock market. In addition, about 100,000 people have gone from the exchange to participate in Medicaid, the public health insurance program that covers low-income people at no cost.
Other factors have probably limited the decline in coverage. Several states have put in place reinsurance programs, which inject federal funds that help pay the sickest medical claims, in order to reduce the premiums paid to other participants in the exchanges. In addition, people are automatically enrolled in the plans if they do not actively select them but if they were registered and paid premiums throughout the year.
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