Record-Breaking Affordable Care Act Enrollment for 2024: What It Means for Americans
By Braden Hirschi
Published January 14, 2024
The Centers for Medicare & Medicaid Services announced that a record-breaking twenty million Americans signed up for affordable health insurance for 2024 under the Affordable Care Act (ACA). This marks the third consecutive year of breaking enrollment records, showcasing the increasing popularity and necessity of the ACA.
President Biden's Response
President Biden expressed his satisfaction with the increased ACA enrollment, highlighting that 8 million more Americans have signed up for coverage since he took office. He emphasized that most enrollees will be eligible to select a plan costing just $10 a month or even less. Additionally, he criticized the Republican opposition, accusing them of hindering efforts to make lower healthcare premiums permanent. He warned that the GOP's healthcare plan would raise healthcare costs for millions, especially affecting elderly Americans and small business owners.
Support for the ACA
President Biden's supporter of the ACA is clear, as he mentioned that access to quality, affordable healthcare can be a matter of life and death for many Americans. He also stood firm against potential catastrophic consequences of increased healthcare costs for families and assured that he would not let it happen under his watch.
Enrollment Details
The data released by CMS represented the enrollment activity through December 23, with the open enrollment period for 2024 coverage starting on November 1 of the previous year. During the recent enrollment cycle, the Biden administration issued nearly $100 million in Navigator Awards, enabling organizations to hire staff trained to assist consumers in their healthcare searches.
Impact on Healthcare
Secretary of Health and Human Services Xavier Becerra highlighted the significance of the record number of people obtaining healthcare coverage through the ACA's Marketplace. He emphasized that more people having access to preventive care leads to a healthier country and lower healthcare costs overall. The positive impact on public health and the economy is evident from the increasing number of individuals covered by the ACA.
Open Enrollment Period
The open enrollment period for 2024 coverage ends on January 16th, and interested applicants can visit Healthcare.gov for more information. This provides an opportunity for individuals to secure healthcare coverage and benefit from the various plans available through the ACA.
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