Obamacare insurance gaining popularity in U. S.
2023.01.25 11:46
Obamacare insurance gaining popularity in U. S.
By Tiffany Smith
Budrigannews.com – The U.S. government reported on Wednesday that more than 16 million Americans signed up for Obamacare health insurance for 2023. This is the highest number since the Affordable Care Act was signed into law 13 years ago and represents an increase of more than 12% from the previous year.
There are approximately 12 million enrollees from the 33 states in the United States that use the federally funded online marketplace, as well as approximately 4 million enrollees from states that directly sell insurance to their residents.
The most well-known piece of domestic legislation passed by former U.S. President Barack Obama was this one. The Affordable Care Act, also known as Obamacare, opened enrollment for 2023 healthcare plans on November 1 through January 15.
In a statement, President Joe Biden stated:
“More Americans than ever before have signed up for health insurance through the Affordable Care Act.”
He stated:
“We’ve made record-breaking progress in expanding coverage and reducing health care costs for American families, saving them money and providing more Americans with the peace of mind that comes with affordable health insurance.”
During a press conference, White House Domestic Policy Advisor Susan Rice stated that there are approximately 3.6 million new enrollees in the plans. Americans with low or middle incomes who do not have access to affordable health insurance through their employers are aided by Obamacare.
Participants in the government-backed insurance receive subsidies based on their income. Centene (NYSE:), among others, offer this kind of insurance.
(NYSE) CVS Health, and Anthem Inc. In October, the Biden administration issued a rule that it claimed would fix the so-called family glitch in the Affordable Care Act, which left many people without health insurance, and would help over a million Americans by addressing an aspect of the law that made family members of people who had access to health plans offered by employers ineligible for certain subsidies.
