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AAP
AAP
Business
ALI SWENSON (Associated Press)

Affordable Care Act enrollment projected to plunge by 5 million as costs spike, analysis shows

NEW YORK (AP) — Nationwide enrollment in the Affordable Care Act health insurance marketplace could plummet by nearly 5 million people this year, shrinking the number of participants in the program by more than 20%, according to a new analysis from the healthcare research nonprofit KFF.

Those who remain covered are also paying more for healthcare than they used to, the group found, with the average enrollee's deductible growing by more than $1,000 and the average monthly premium payment rising by $65.

"No matter how you slice it, people are paying more," said Cynthia Cox, a vice president of KFF who co-authored the report.

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