Austin Health Insurance Plan Numbers From 2021 Jump By 15% In Latest Enrollment

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Business & Economics
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Austin Health Insurance Companies Grows
Amid Affordable Care Act Enrollment
Austin health insurance company participation is
growing at a much slower rate than in recent
years, despite Affordable Care Act membership
exchange plans skyrocketing throughout the
previous year courtesy of a lengthy special
enrollment period under the pandemic and
enhanced premium tax credits.
This news was announced in a
recent study conducted by the
Robert Wood Johnson Foundation,
finding that the number of plans
offered under the ACA for 2022 hit
15,638 - a 15% increase from
2021.
The report also found a
notable shift toward the
exchanges, with growth at
20% compared to 6.8% for
off-exchange plans.
Per an article in Fierce Healthcare, senior
policy advisor at the Robert Wood Johnson
Foundation, Kathy Hempstead, was quoted
as saying in part, "In the short-to-medium run,
the most likely prospect for enrollment growth
will come from the coverage provisions in the
Build Back Better Act and
These trends may take longer than anticipated
to materialize, due to both headwinds with the
legislation and the persistence of the
pandemic." Rick Thornton, an Austin health
insurance agent , said there are some notable
health insurance companies mentioned in the
report as new entrants into the
What this means is that nearly
all of the major national health
insurers have returned to the
marketplace, Hempstead
added.
"Whether this becomes a factor
in the individual market
depends on both participation
trends and the potential for
market growth," she stated in
the article.
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