Biden Administration Predicts Record Obamacare Enrollment, But Trump Takeover Looms
Source: Huff Post
Nov 22, 2024, 01:00 PM EST
The Biden administration said on Friday it expects another record year of health insurance enrollment through the Affordable Care Act, aka Obamacare. But that could be the last good enrollment news for a while, depending on what happens next year once Donald Trump and the Republicans have full control of the federal government.
Open enrollment for the Affordable Care Act’s private insurance options began on Nov. 1, which means that people who don’t have access to an employer policy can buy insurance directly through one of the law’s online marketplaces ― that is, either HealthCare.gov or a state-run marketplace like Covered California.
Those policies meet the law’s guidelines for comprehensive benefits and are available to anybody, at uniform prices, regardless of preexisting conditions. People buying these policies can also qualify for financial assistance, worth hundreds and frequently thousands of dollars a year, depending on their income. Roughly 21.5 million people signed up for insurance that way last year, a record high.
The Department of Health and Human Services now thinks even more people will get insurance through the marketplaces this year, thanks primarily to the number of people who have coverage already and will decide simply to re-enroll in their current plans. “We feel quite confident to project that we will again hit a historic high for open enrollment,” Ellen Montz, deputy administrator and director for the HHS Center for Consumer Information and Insurance Oversight, told HuffPost on Friday.
Read more: https://www.huffpost.com/entry/aca-2024-enrollment-projection-hhs_n_674099cde4b02fd32df5543c
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