Live Insurance News

Affordable Care Act Enrollment Breaks Records But Faces an Uncertain Political Future

January 10, 2025January 10, 2025 Live Insurance News

Record ACA Enrollment Under Biden Administration The Biden administration has announced a groundbreaking achievement in health care access, with nearly 24 million Americans enrolling in Affordable Care Act (ACA) Marketplace plans for 2025. This record-breaking figure nearly doubles the enrollment totals from four years ago, solidifying the ACA as a critical pillar of American health care. The success is attributed to expanded federal subsidies, streamlined enrollment processes, and heightened outreach efforts under President Joe Biden’s leadership. The Role of Enhanced Federal ACA Subsidies A significant driver behind the surge in…

State insurance regulators start approving rate hikes to cover Trump’s slashed subsidies

October 27, 2017October 26, 2017 Nordstrom

trump health insurance regulators premiums rates

Officials in Maryland have already given their approval to the last minute increases, but others are following. Insurance regulators in many states are starting to look into last minute health plan rate increases to compensate for the elimination of Affordable Care Act subsidies. Michigan officials have warned that they are already looking into the increases that they are likely to approve. At the same time, Maryland insurance regulators have already given their approval to the rate hikes. These increases are a direct response to President Trump’s executive order that eliminated…

GOP opposition to ACA subsidies suspends bipartisan health care agreement

October 19, 2017October 18, 2017 Logan B.

Just after bipartisan senators released an eleventh hour effort to save medical coverage, it ground to a halt. A bipartisan effort to rescue the American health care system following President Donald Trump’s annihilation of the ACA subsidies has stalled. Though the agreement had been underway, hours later, it was suspended as the president sent mixed signals and Republicans either opposed it or failed to endorse it. The agreement was created due to a sense of urgency to recover after key payments to insurance companies were withdrawn. As President Trump was…

Trump ends health care subsidies and places Congress under high pressure

October 16, 2017October 14, 2017 Logan B.

Donald Trump health care subsidies - signing executive order

The President’s decision to cut off payments vital to making insurance plans affordable is creating turmoil. Before the start of the weekend, President Trump decided to singlehandedly eliminate the health care subsidies central to the Affordable Care Act. The move takes away money critical to making sure lower income Americans can afford the coverage they need. Trump’s decision was made to try to put pressure on Congress to repeal the ACA, despite many prior failures. The health care subsidies were added to President Obama’s reforms to protect consumers against the…

Health care reform subsidy sizes vary from state to state

May 7, 2014May 5, 2014 H. Cutner

Depending on where people live, they may be receiving greater assistance for purchasing health insurance. Among the main elements of the health care reform is the subsidizing of the purchase of private insurance coverage for many Americans, in order to help to make sure that the coverage remains affordable for these individuals and families. However, all subsidies are not created equal, and people in some states are receiving more of them than others. Approximately 85 percent of the people who used the health care reform exchange websites in order to…