New ACA Enrollment Figures Announced in Mar HHS Report and CBO Announces Lower ACA Cost Estimates

In a report released on March 10, 2015 by the U.S. Department of Health and Human Services (HHS), almost 11.7 million consumers nationwide selected or were automatically enrolled in health insurance coverage through the Affordable Care Act (ACA) marketplace as of February 22, 2015.  


According to the report, 8.84 million (76%) of the enrollees were in states using the platform, while 2.85 million (24%) were in the 14 states (including DC) using their own marketplace platforms.  


About 7.7 million individuals with a plan selection in the statesusing qualified for an average tax credit of $263 per month and 55% paid $100 or less per month after tax credits.  


Also, in updated budget projections for the period of 2015 to 2025, the Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation (JCT) lowered the estimated budgetary effects of the ACA by $142 billion, as compared with the estimate in January 2015.