Thirteen years ago, the Affordable Care Act (ACA) was signed into law with the goal of expanding access to affordable and quality healthcare for all Americans. Since then, the ACA has been a cornerstone of the American healthcare system, providing coverage to millions of previously uninsured people.
This year, on the 13th anniversary of the ACA, the Biden-Harris Administration is celebrating the law’s achievements and highlighting the record number of people who have signed up for health insurance through the ACA’s marketplace.
One of the most significant achievements of the ACA is the creation of the Affordable Care Act insurance Marketplace. The Marketplace provides a platform for individuals and small businesses to compare and purchase health insurance plans that meet their needs and budgets. Over the past 13 years, the Marketplace has helped 16 million people gain access to affordable health insurance, and this year’s open enrollment period saw record-high enrollment numbers.
The healthcare marketplace open enrollment period for 2023 began on November 1, 2022, and ended on December 15, 2022. According to the 2023 Open Enrollment Report, released by the Centers for Medicare & Medicaid Services (CMS), over 12 million people enrolled in health insurance plans through the Marketplace during this period. This represents a 23% increase from the previous year’s open enrollment period.
The Biden-Harris Administration has been working tirelessly to improve the ACA and make healthcare more accessible and affordable for all Americans. One of their recent efforts includes expanding eligibility for premium tax credits, which help reduce the cost of health insurance for those who qualify. This expansion is expected to provide additional financial assistance to over four million people.
The Administration has also taken steps to strengthen the ACA’s protections for people with pre-existing conditions, which ensure that they cannot be denied coverage or charged more for their healthcare. Additionally, the Biden-Harris Administration has launched a special enrollment period for those who were affected by the COVID-19 pandemic, providing them with additional opportunities to enroll in health insurance coverage.
The ACA has been a game-changer for millions of Americans, and the Biden-Harris Administration is committed to ensuring that it continues to provide access to affordable and quality healthcare. As we celebrate the 13th anniversary of the Affordable Care Act, we can look back with pride at the progress we have made and look forward to continuing to build a healthcare system that works for everyone.
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