Obamacare enrollment drops
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Many Obamacare enrollees are settling for the cheapest plans. Here's why that could be risky.
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Click in for more news from The Hill{beacon} Health Care Health Care The Big Story ACA enrollment dropped by over 1M following expiration of subsidies The final impact of the
Obamacare enrollment projected to drop by over 1 million Americans as health insurance premiums surge following the end of COVID-era federal subsidies in 2026.
Over 1 million fewer people are enrolled in ACA health insurance following the expiration of enhanced tax credits that made coverage more affordable.
Nearly 23 million Americans get health insurance through one of the online “exchanges” (also called “marketplaces”) that operate under the 2010 Affordable Care Act, or ACA. Most receive subsidies from the federal government to lower their premiums and out-of-pocket costs.
There is little likelihood that a fix will come from Washington, where Republican lawmakers say health insurers are to blame.
A majority of NH residents support extending the recently expired Obamacare subsidies, which were the cause of the government shutdown last November.
Jonathan Gruber, an economist at M.I.T. who helped the Obama administration estimate the costs of various policy options, said the effects of the cutoff have become more pronounced over time. It “was not a big deal at the time, but has become a big deal,” he said.
HB 1531 and HB 1533 would result in Florida building and operating its own Obamacare exchange, the same model that most blue states adopted a decade ago and that states like Florida deliberately rejected. HB 141 would create a similar government-run marketplace for employers to send workers to buy their Obamacare health insurance.