Nice graph, huh? That's what the
individual market in health insurance looks like right now, after two enrollment periods in Obamacare.
Kaiser Family Foundation analysis of recently-submitted 2014 filings by insurers to state insurance departments (using data compiled by Mark Farrah Associates) shows that 15.5 million people had major medical coverage in the individual insurance market—both inside and outside of the Marketplaces—as of December 31, 2014. Enrollment was up 4.8 million over the end of 2013, a 46% increase. […]
The insurance company filings do not break down whether coverage was purchased through a Marketplace or in the outside market, nor whether coverage was first purchased after January 1, 2014 and therefore subject to the new ACA insurance market rules. However, juxtaposing these enrollment figures with the federal government’s estimate of 6.7 Marketplace enrollees as of October 15, 2014 suggests that about 43% of all individual market coverage was purchased through the marketplaces in 2014. It also means that new enrollment in the individual market among those who would have otherwise been uninsured likely took place inside the Marketplaces, driven by the availability of premium subsidies. Among those signing up for Marketplace plans in 2014, 85% qualified for premium subsidies.
That's 85 percent of all those enrollments that could be jeopardized if the Supreme Court decides to end subsidies for people buying on the federal exchange. That's going to piss off not just all those people losing their insurance, but the insurance companies losing all that business.