CBO projects lower ACA enrollment

February 4, 2014

Estimates show a reduction in expected coverage levels in 2014.

An updated estimate of the amount of people expected to enroll in health insurance coverage through the exchanges in 2014 was released today in a

by the Congressional Budget Office (CBO). Estimates show a reduction in expected coverage levels in 2014.

Key findings: 

  • The projected exchange enrollment in 2014 dropped from 7 million to 6 million;

  • The projected enrollment in Medicaid and The Children's Health Insurance Program (CHIP) in 2014 dropped from 9 million to 8 million;

  • The number of uninsured Americans in 2014 increased by 1 million; and 

  • The estimates of the net impact of the Affordable Care Act on employment-based coverage stayed the same. 

Additional points of interest include:

  • CBO predicts that about 83% of exchange enrollees in 2014 will receive a subsidy;

  • Estimated average premiums were lowered by about 15%; and

  • Findings showed that risk corridor payments will yield $8 billion in savings for the federal governement. 

The report cites a recent Department of Health and Human Services enrollment

report

, which includes exchange enrollment data through December 28, 2013.