by Jinghong Chen
An average of 10.7 million Affordable Care Act exchange enrollees had effectuated their health coverage — signed up for a plan and paid the first month’s premium — as of March 15, 2020, a 0.9% increase compared with the same period in 2019, according to CMS. The report showed that the average monthly premium per enrollee in February 2020 was $576.16, down 3.0% compared with the February 2019 average premium of $594.17. Colorado saw the biggest decrease, with its average premium dropping from $648.20 in 2019 to $481.52 in 2020. Meanwhile, the average monthly amount of advance premium tax credits (APTC) per eligible enrollee fell 4.0% year over year to $491.53.
NOTE: Minnesota data are as of April 15, 2020. Due to Minnesota’s transition to policy-based payments in 2020, the data for the April payment cycle (as of March 15, 2020) were incomplete.