The latest numbers show that 31 million people are currently enrolled in either marketplace plans or through Medicaid expansion nationwide. Could a major rate hike be on the horizon?
The latest numbers show 31 million people are currently enrolled in either marketplace plans or through Medicaid expansion nationwide - that's a record.
Well, you can add health insurance premium hikes to the ongoing list of issues facing the United States. When President Joe Biden signed the American Rescue Plan into law during the height of the pandemic, it created what's known as"advanced premium tax credits" that made health insurance plans obtained through the government marketplace cheaper.4 out of 5 consumers were eligible for plans that cost $10/month.However, the funding that made plans so cheap will expire at the end of this year with families set to receive notice just a few weeks before Election Day.
Democrats, meanwhile, are hopeful a solution could be included in a reconciliation package this summer.
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