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October 04, 2016 at 11:18 AM
The 2017 Affordable Care Act open enrollment period could create a boom in short-term health insurance sales early next year.
Analysts in the New York City office of GfK S.E., a German market research firm, have put survey data supporting that possibility in a new summary of results from an online survey conducted in August.
The survey attracted responses from 921 U.S. consumers ages 18 and older who had major medical coverage. Forty-eight, or 5.2 percent, used an ACA public health insurance exchange to get covered.
Thirty-two percent of the 2016 exchange users who participated said they were unlikely to be able to find ACA exchange health coverage options that would meet their needs for 2017.
Related: NAIC opposes federal short-term health limit
The U.S. Department of Health and Human Services reported in March that as many as 12.7 million people were on track to have 2016 exchange coverage through the federal HealthCare.gov system or a state-based, state-run ACA exchange at the end of the individual exchange open enrollment period for 2016.
HHS said at the time that the latest available figures on paid-up, “effectuated enrollment” showed that about 8.8 million people had health coverage at the end of 2015.
The 2016 exchange users who told GfK they expect to be stranded next year could end up finding exchange plans or off-exchange major medical plans they like. People who now have off-exchange coverage, or no coverage, could replace the current exchange users.
