SHOP Exchange numbers still small but should increase this fall
This is an interesting overview/update about the state of the ACA's small business "SHOP" exchanges, which, by my calculations, have only enrolled around 72,000 people nationally to date (a rounding error compared to the 9,000,000 or so who've enrolled in individual QHPs so far):
But Askew is in a tiny minority. Only 2 percent of all eligible businesses have checked out so-called SHOP (Small Business Health Options Program) exchanges in the 15 states where they have been available since last October under the Affordable Care Act. Even fewer purchased policies.
The good news is that things should start ramping up on the SHOP side this fall:
In November, three more state-run SHOP exchanges are slated to open, and the federal government will unveil exchanges for the 32 states that chose not to run their own.
SHOP exchanges were supposed to open nationwide on Oct. 1, the same day as exchanges offering health insurance for individuals. But the Obama administration postponed the SHOP launch, citing the need to fix serious technical problems with the exchanges for individuals, which it said were a higher priority.
So far, only the District of Columbia and 15 states -- California, Colorado, Connecticut, Hawaii, Idaho, Kentucky, Massachusetts, Minnesota, Nevada, New Mexico, New York, Rhode Island, Utah, Vermont and Washington -- have launched small business exchanges. Three more -- Maryland, Mississippi and Oregon -- will also start their own exchanges.
Read the whole piece if you're so inclined; interesting stuff.