About 14.5 million people get their health insurance coverage through the Affordable Care Act.
of uninsured Americans at a record lowThose searching for coverage will largely be shielded from an increase in costs because of the extension of the generous subsidies that beganand drove a big increase in enrollment.
About 14.5 million people get their health insurance coverage through the Affordable Care Act, the Obama-era law that marks a decade in business. Private plans on the marketplace that previously may have been out of reach for many families suddenly became free with the larger subsidies. For example, a family of four with a yearly income of $69,375 saw its average premium drop from $75 last year to $0 this year, according to data released last week by the Centers for Medicaid and Medicare. Enrollees’ premiums are also capped at 8.5% of their incomes.
The boost in enrollment comes as the Biden administration has beefed up spending around navigators who work in local communities across the country to help people sign up for coverage. The administration has poured hundreds of millions of dollars into the effort after the Trump administration, which sought to put a legal end to the Affordable Care Act, whittled down the program.
In Delaware, for example, residents will have more than one health insurer to choose from during the open enrollment period for the first time. . That’s because their eligibility was calculated off the price of the individual plans offered through their employer, instead of more expensive family plans.
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