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About 25,000 Oklahomans select health plans through federal insurance marketplace

Almost 25,000 Oklahomans have selected a health insurance plan through the federal health insurance marketplace, created through the Affordable Care Act, or Obamacare, according to data released Wednesday.
by Jaclyn Cosgrove Modified: February 12, 2014 at 7:37 pm •  Published: February 13, 2014
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Almost 25,000 Oklahomans have selected a health insurance plan through the federal health insurance marketplace, a system created through the Affordable Care Act, according to data released Wednesday.

Nationwide, almost 3.3 million people selected marketplace plans from Oct. 1, 2013, through Feb. 1, including 1.4 million in the state-based marketplaces and 1.9 million in the federally run marketplace, according to the U.S. Department of Health and Human Services.

“These encouraging trends show that more Americans are enrolling every day, and finding quality, affordable coverage in the marketplace,” Health and Human Services Secretary Kathleen Sebelius said in a statement. “There is still plenty of time for you and your family to sign up in a private plan of your choice, so visit HealthCare.gov to learn more and sign up. Open enrollment ends March 31.”

Marketplaces were created through the Affordable Care Act, sometimes called Obamacare.

Oklahoma leaders chose not to build a state-based exchange, meaning residents can enroll in private health insurance plans through the federally run marketplace, available at HealthCare.gov.

Federal officials did not have data on the number of Oklahomans who had paid their premiums after enrolling in a plan. Officials on a call with media Wednesday also did not provide data on the number of Oklahomans who did not receive coverage through Jan. 31 because they hadn't paid their premiums after enrolling.

Of the 24,667 Oklahoma residents who have chosen plans:

76 percent qualified for financial assistance, subsidies that help pay for coverage.

Most of the 18,715 residents who qualified for that assistance chose silver plans, which generally covers 70 percent of expenses. Only 1 percent chose platinum plans, which cover 90 percent of expenses and are generally the most expensive plans.

More residents who did not qualify for financial assistance chose bronze plans, generally the least expensive plan option which also covers 60 percent of expenses.

About 26 percent of residents who have selected a plan were 18- to 34-year-old residents. Meanwhile, about 31 percent were ages 55 to 64.

A majority of residents, 65 percent, have chosen a silver plan. Only 2 percent have chosen the costliest platinum plan, which covers 90 percent of expenses.

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by Jaclyn Cosgrove
Medical and Health Reporter
Jaclyn Cosgrove writes about health, public policy and medicine in Oklahoma, among other topics. She is an Oklahoma State University graduate. Jaclyn grew up in the southeast region of the state and enjoys writing about rural Oklahoma. She is...
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