All articles tagged with #aca marketplace
A recent poll shows strong public support across party lines for extending enhanced health insurance tax credits, with concerns about potential increases in premiums and the political blame game if credits are not extended. Many remain unaware of the impending expiration of these credits, which could significantly impact millions of self-purchasers and overall health coverage affordability.
Shares of Centene plummeted over 32% after the company withdrew its 2025 guidance due to poor risk adjustment results and ongoing cost pressures, leading Wall Street to downgrade ratings and cut price targets, highlighting challenges in its ACA exchange and Medicaid segments.
President Trump's proposed tax bill would significantly cut federal funding for Medicaid and ACA marketplaces, potentially leaving millions without insurance, reducing healthcare services especially in rural areas, and making it harder for people to enroll and retain coverage, while also increasing out-of-pocket costs for some Medicaid enrollees and restricting access for certain immigrants.
The Biden-Harris Administration announced that enrollment in the Affordable Care Act (ACA) Marketplace has exceeded 15 million, surpassing previous years' milestones. Preliminary data projects that over 19 million consumers will enroll in 2024 coverage through the ACA Marketplaces, including 15.3 million individuals who have selected a health plan using the HealthCare.gov platform. The administration encourages everyone who needs affordable, quality health insurance to visit HealthCare.gov and sign up for coverage by the January 16 final deadline.
Open enrollment for Affordable Care Act (ACA) insurance plans is underway, with a sign-up period that extends until January 15. Last year's enrollment reached a record high of 15.7 million, and this year's enrollment is expected to exceed that. Factors driving up enrollment include the ongoing disenrollment of beneficiaries from Medicaid, new sign-up mechanisms, and increased engagement from insurers. This year, applicants will have more time to submit income verification documents, and those already enrolled will be automatically reenrolled with some changes to ensure they are eligible for cost-sharing reduction plans. More insurance providers are entering the market, offering a wider range of options, but the abundance of choices may be overwhelming for some. The ACA's Navigator program is available to assist consumers in navigating the enrollment process.