More than 49 million in US covered by ACA over the past decade
Send a link to a friend
[September 10, 2024]
By Amina Niasse
NEW YORK (Reuters) - One in seven Americans have signed up for health
insurance coverage through Affordable Care Act marketplaces since their
2014 launch, according to data released on Tuesday by the U.S.
Department of the Treasury.
A total of 49.4 million Americans have signed up for the plans, often
referred to as Obamacare, with enrollment reaching a high of 20.8
million people in 2024, the agency said.
The insurance plans, run by companies including CVS Health's Aetna and
UnitedHealth Group, provide income-based subsidies and are sold on the
federally-run Healthcare.gov website or are offered directly by states
that run their own sites.
Marketplace coverage since 2014 has been higher in states that have not
expanded Medicaid programs under the ACA or did so later, the report
said.
Typically, people with annual incomes between 100% and 138% of the
poverty level - currently set by the government at $15,060 for
individuals and $31,200 for a family of four - are covered by the ACA
Marketplace in non-expansion states, versus Medicaid in expansion
states.
Florida, Utah and Georgia, for instance, topped marketplace enrollment
by percent of population with an average of 20% of residents, compared
with 12% of residents in states that expanded Medicaid coverage. Data
cited in the release was collected by the Internal Revenue Service from
tax forms and other sources.
[to top of second column]
|
U.S. President Joe Biden stands with former President Barack Obama
during an event on the Affordable Care Act, the former president's
top legislative accomplishment, in the East Room at the White House
in Washington, U.S., April 5, 2022. REUTERS/Leah Millis/File Photo
The average cost of premiums for a
year of enrollment in a marketplace health plan fell to $800 through
the Biden administration's four years, a senior administration
official said.
“Marketplace enrollment has surged under the (Biden)Administration,
which has especially helped American families with their monthly
bills and entrepreneurs who are looking for coverage as they start
new businesses," said U.S. Secretary of the Treasury Janet Yellen in
a statement released on Tuesday.
(Reporting by Amina Niasse; Editing by Bill Berkrot)
[© 2024 Thomson Reuters. All rights reserved.]This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|