It was in early 2021 that Congressional Democrats passed & President Biden signed the American Rescue Plan Act (ARPA), which among other things dramatically expanded & enhanced the original premium subsidy formula of the Affordable Care Act, finally bringing the financial aid sliding income scale up to the level it should have been in the first place over a decade earlier. In addition to beefing up the subsidies along the entire 100 - 400% Federal Poverty Level (FPL) income scale, the ARPA al...| ACA Signups
Not that this should surprise anyone, but it's good to have the Congressional Budget Office (CBO) formally chime in: Re: The Effects of Not Extending the Expanded Premium Tax Credits for the Number of Uninsured People and the Growth in Premiums Dear Chairman Wyden, Ranking Member Neal, Senator Shaheen, and Congresswoman Underwood: You have asked the Congressional Budget Office to discuss the effects on health insurance coverage and premiums that will result from not extending—either for one...| ACA Signups
As I noted in yesterday's analysis of the semi-final 2023 Open Enrollment Period report released by the Centers for Medicare & Medicaid Services, one of the most striking data points we're seeing this year is a significant drop in year over year on-exchange enrollment across a number of states operating their own ACA exchanges...even as enrollment continues to surge across states hosted on the federal exchange (HealthCare.Gov). Overall, QHP enrollment in HC.gov states (Federally Facilitated M...| ACA Signups