Here are four observations:
1. In 2016, 7 percent of counties had one marketplace payer, according to the Kaiser Family Foundation.
2. Of ACA consumers, 20 percent will purchase plans in counties with just one payer in 2017.
3. Although analysts anticipated intense insurance rate increases in counties with just one marketplace payer, the rates are comparable to those in counties with more competition. This is likely due to the fact that payers had to submit 2017 rates to regulators in early 2016, prior to other payers deciding to drop out of the marketplace.
4. The federal government reported ACA enrollment spiked 154,000, to 8.8 million between Nov. 1 and Dec. 31, 2016, compared to the same time period in 2015.
More articles on coding, billing & collections:
5 key statistics on the Medicare Advantage marketplace
2nd phase of Anthem-Cigna trial moves forward — 5 highlights
Trump advisor resurrects ‘If you like your plan, you can keep your plan’ approach: 3 points
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.