California Healthline: Insurers: Early Pool of ACA Exchange Applicants Older Than Expected

A little more than one month after the Affordable Care Act’s insurance exchanges opened for enrollment, insurers are reporting that the pool of applicants for coverage in the marketplaces is older than expected, raising concerns about the potential effect on premiums, the Wall Street Journal reports (Weaver/Martin, Wall Street Journal, 11/4).

HHS has said it hopes that at least 2.7 million young adults — or about 39% of the seven million target for total enrollment — sign up for coverage in order to help offset higher costs incurred by older, sicker individuals (California Healthline, 10/16).

However, insurance executives and agents, as well as state officials and actuaries, said the majority of successful early applicants are older than they had expected. Some insurance officials said the typical target age for coverage in the marketplaces was about 40, on average, but several companies have found that the majority of its new enrollees are over age 50.

More specifically, officials with:

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