Pennie Releases Data on Medicaid Unwinding Conversion Rate

From April 2023 to Feb. 2024, Pennie engaged 412,070 Medicaid unwinding applicants through transfers from Medicaid and direct enrollments. Of the applicants, 61,567 enrolled in a plan for an average total conversion rate of 15% as of April 30. Philadelphia, Allegheny, Delaware, Berks, and Lehigh counties saw the largest number of unwind applicants. Unwinding consumers tend to pay less for coverage than other consumers due to the additional tax credits and cost-sharing reductions based on household size and income: 23% of enrollees paid less than $1 and 55% of enrollees paid $50 or less for a plan. The majority of the unwinding population, totaling 81% of enrollees, fell below 250% of the Federal Poverty Level and chose Gold or Silver plans. The data shows unwind consumers tend to be younger than the average consumer, more likely to be female, and more likely to be non-Hispanic/Latino. To view additional data, go to the May Pennie Board Meeting Deck.