Record enrollment: Affordable Care Act coverage hits new heights
Nearly 50 million Americans have gained health coverage through the Affordable Care Act or ACA marketplaces since 2014, the U.S. Treasury Department reported Tuesday.
The latest figures reveal a historic peak of 20.8 million enrollees for 2024, with 18.2 million signing up for the first time since January 2021.
In another first, families earning above 400% of the federal poverty level now qualify for ACA premium tax credits. .
This move has reduced ACA costs by an average of $800 annually for millions of Americans.
President Joe Biden criticized Congressional Republicans’ repeated efforts to repeal the ACA, warning of potential threats to millions of Americans’ coverage and increased health care costs.
The ACA, a landmark reform signed by President Barack Obama in 2010, remains a pivotal change in U.S. health care.