Major Update On Biden’s Affordable Care Act

Gage Skidmore from Peoria, AZ, United States of America, CC BY-SA 2.0 , via Wikimedia Commons

( – President Biden announced on X, formerly known as Twitter, that only one week after the opening of enrollment for the Affordable Care Act (ACA) the enrollment numbers were high, with 300,000 new customers having signed up for plans.

As Biden noted in his post within the first week a total of 1.6 million people signed up through for a plan, and from those 301,000 were completely new customers. This marks a 50 percent increase since last year.

Since 2020 the enrollment rates have been increasing each year as the COVID-19 pandemic resulted in many people looking to get health insurance or maintain their coverage. The enrollment numbers this year are expected to reach a new record, breaking last year’s 16.3 million enrollments.

The Inflation Reduction Act has also lowered the premiums through enhancing subsidies until 2025. As a result, healthcare plans have widely become more accessible.

In a statement, a White House official noted that the high enrollment numbers act as evidence of the impact that President Biden’s efforts on lowering the cost of healthcare have had. They added that the Inflation Reduction Act has also meant that on average, each person saves around $800 each year on their health care premiums, while 4 out 5 shoppers have stated that they could find a plan that costs less than $10 per person per month.

This year they are also looking to boost enrollment, following the disenrollment of many people from Medicaid following the end of the pandemic health emergency which had allowed for ACA plan enrollments to have an expanded window.

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