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Insurers say most PPACA customers paying premiums

Three large health insurers including WellPoint Inc. and Aetna Inc. say that a high percentage of their new Obamacare customers are paying their first premiums.

By Alex Wayne | Updated on May 06, 2014
Photo: AP
May 6 (Bloomberg) — Three large health insurers including WellPoint Inc. and Aetna Inc. say that a high percentage of their new Obamacare customers are paying their first premiums, undermining a Republican criticism of enrollment in the program.

As many as 90 percent of WellPoint customers have paid their first premium by its due date, according to testimony the company prepared for a congressional hearing Wednesday. For Aetna, the payment is in the “low to mid-80 percent range,” the company said in its own testimony. Health Care Service Corp., which operates Blue Cross Blue Shield plans in five states including Texas, said that number is at least 83 percent.

Making the first monthly payment is the last step to confirm enrollment in plans sold under the Patient Protection and Affordable Care Act, and Republicans have made the question of how many paid a line of attack on the law.

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