Fewer Americans sign up for Affordable Care Act health insurance as costs spike
ABC News • • nation
Key Points:
- Enrollment in Affordable Care Act (ACA) health insurance plans has dropped by about 800,000 people nationally, a 3.5% decrease compared to the same period last year, due in part to expiring subsidies and rising health costs.
- The decline includes fewer new sign-ups and fewer renewals by existing enrollees, with concerns that enrollment may fall further as people receive their first bills and potentially cancel coverage.
- Congressional debate continues over whether to extend enhanced tax credits that expired at the start of the year, with the House passing a three-year extension bill now awaiting Senate consideration amid calls for bipartisan compromise.
- The loss of enhanced subsidies has caused average ACA premiums to more than double for many enrollees, leading
