5/4/2023 0 Comments Biden speech todayThe Administration invested $98.9 million in Navigator grant funding for the 2023 Open Enrollment Period to help reduce health disparities by ensuring robust Navigator services. Among consumers who reported their race or ethnicity, 21% identified as Hispanic/Latino in the 2023 Open Enrollment Period, compared to 19% in the 2022 Open Enrollment Period, and 9% identified as Black in the 2023 Open Enrollment Period. For example, CMS partnered with cultural marketing experts to connect more people to resources including African Americans, Spanish and English-speaking Latinos, and Asian American and Pacific Islander communities in multiple languages. Open Enrollment outreach included tailored investments to reach audiences that experience lower access to health care. Also, new standardized plan options, called Easy Pricing plans, were available in 2023 through, which helped consumers compare and select plans. Ninety-two percent of enrollees had access to plans from three or more insurance companies. This year, individuals benefited from a highly competitive Marketplace. As a result of the continued expanded subsidies, the average monthly premium after APTC for enrollees fell by 21%. And thanks to these laws passed by the Biden-Harris Administration, 1.4 million middle income consumers (those with household incomes over 400% of the Federal Poverty Level (FPL), or about $54,000 for an individual), who were previously ineligible for assistance, were able to access financial help during the 2023 open enrollment. Nationwide, 4.6 million more consumers are receiving financial assistance in 2023, compared to 2021, representing 90% of all 2023 plan selections – meaning, 90% of people selecting plans are receiving help to pay for premiums. National estimates show that, on average, consumers receiving advanced premium tax credits (APTC) continue to save over $800 in premiums per year thanks to the expanded subsidies made available through the ARP and continued by the IRA. We continue to see that these investments are paying off through record-breaking enrollment overall and a notable increase in Hispanic/Latino enrollment.” “We have continued to build on the success of the Affordable Care Act by investing in improvements to the health care system. “The Biden-Harris Administration has consistently taken steps to fulfill President Biden’s promise to make it easier for Americans to find and enroll in affordable, quality coverage,” said Centers for Medicare & Medicaid Services (CMS) Administrator Chiquita Brooks-LaSure. We will keep doing everything we can to ensure more people have the peace of mind that comes with high-quality health care.” “Thanks to President Biden’s leadership, more than 16 million Americans have health insurance through the Affordable Care Act Marketplaces – an all-time high. “As we celebrate the anniversary of the Affordable Care Act today, we have even more evidence that this law has lived up to its name, providing a way for Americans to access quality, affordable health coverage,” said HHS Secretary Xavier Becerra. Enrollment has increased year-over-year, with 1.8 million more consumers signing up for coverage during the 2023 open enrollment compared to the 2022 open enrollment, a 13% increase, and nearly 4.4 million more consumers signing up compared to the 2021 open enrollment, a 36% increase. Nearly 16.4 million consumers selected or were automatically re-enrolled in health insurance coverage through Marketplaces and State-based Marketplaces (SBMs) during the 2023 open enrollment. Since 2014, when was launched, enrollment has doubled from 8 million to more than 16 million. Today, the Biden-Harris Administration celebrated the 13th anniversary of the Affordable Care Act (ACA) by highlighting record-breaking enrollment numbers during the 2023 Marketplace Open Enrollment Period and lower health care costs because of President Biden’s American Rescue Plan (ARP) and Inflation Reduction Act (IRA). New HHS report shows more than 40 million people are currently enrolled in Marketplace or Medicaid expansion coverage related to provisions of the Affordable Care Act - the highest total on record During 2023 open enrollment a record high 16.4 million people signed up, with 4.4 million more people enrolled for health insurance under the Biden-Harris Administration since 2021
0 Comments
Leave a Reply. |