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Enrollment in Obamacare marketplace plans falls in 2017

Final open enrollment figures that show 83 percent took advantage of premium tax credits.
By Susan Morse , Executive Editor

The Centers for Medicare and Medicaid Services on Wednesday released final figures for this year's open enrollment period showing 12.2 million consumers selected plans in the Affordable Care Act marketplaces between November 1, 2016 and January 31.

That represented a drop, compared to the 12.7 million consumers who signed up last year.

This year, more than 80 percent of those selecting plans -- 10.1 million, or 83 percent -- had premiums reduced by advance payments on premium tax credits.

Thirty-one percent of plan selections were new to the marketplaces.

[Also: CBO report predicts 24 million would lose coverage by 2026 under American Health Care Act]

In the 39 states using the HealthCare.gov platform, 74 percent of consumers were automatically re-enrolled in silver plans compared to 71 percent the previous year.

An estimated 9.2 million consumers in the 39 states using the Healthcare.gov platform, and 3 million consumers using state-based marketplaces, selected plans.

Last year, over 9.6 million came through the Healthcare.gov platform and 3.1 million selected a plan through the state-based marketplaces, according to CMS.

This year, 71 percent selected silver plans and 23 percent selected bronze. Only 4 and 1 percent selected gold and platinum, respectively.

Seventy-one percent of marketplace consumers have incomes between 100 and 250 percent of the federal poverty level, compared to 17 percent who have incomes between 251 and 400 percent of the federal poverty level.

In 2016, an individual with an income of $47,520 a year would be at 400 percent of the federal poverty level.

The report also showed 54 percent of marketplace enrollees are female and 46 percent are male. Eighty-two percent live in non-rural areas.

Close to half, 48 percent of consumers selecting plans, listed their race as white, compared to 7 percent as black, 7 percent as Asian American, 2 percent as multiracial and 36 percent listed as unknown.

Ten percent of marketplace consumers are Hispanic or Latino.

As Republicans go through the process of repealing and replacing the Affordable Care Act, next year's marketplace remains uncertain. Many insurers have dropped marketplace plans, and those remaining must file rates by June.

Twitter: @SusanJMorse