National uninsured rate hits record low of 8%, HHS report shows - MedCity News

Affordable Care Act Marketplace enrollment hits “key milestone,” with 11.5 million people choosing a health plan through the Marketplace as of Dec. 15, Centers for Medicare & Medicaid Services (CMS) reported Tuesday.

That’s up 1.8 million people from the same period last year, an 18 percent increase, CMS said. This is also a sharp increase from the numbers reported last month: Nearly 3.4 million people chose an ACA Marketplace health plan, a 17 percent increase from the same period last year, CMS announced Nov. 22.

“This year, we are so pleased to see so many new participants taking advantage of expanded financial assistance and new conditions to purchase affordable, comprehensive health coverage that they can use to keep themselves and their families healthy si,” CMS Administrator Chiquita Brooks-LaSure said in a news release.

The 2023 Marketplace open enrollment period began on November 1 and ends on January 15 for However, deadlines vary for country-based markets.

Because of the Inflation Reduction Act — which passed in August — four out of five enrollees can find a plan for $10 or less after tax credits, according to CMS. Additionally, 92% of enrollees have plan options from three or more insurance companies. Standardized plans also made it easier for consumers to compare and choose plans, according to the news release.

The Biden-Harris administration made history $98.9 million investment to 59 navigation organizations in August to help users during the 2023 open enrollment period. The previous year, the administration invested $80 million. These organizations educate consumers about health insurance and help them find the best health plan for their needs. In contrast, the Trump administration gave $10 million to 39 navigation organizations for 2019.

“Unprecedented investment leads to unprecedented results. Under President Biden’s leadership, we have strengthened the Affordable Care Act marketplace with continued record affordability, strong competition, and historic outreach efforts – and today’s enrollment numbers reflect that,” said Xavier Becerra, Secretary of the Department of Health and Human Services (HHS). . .

The national uninsured rate was a record low from 8 percent in early 2022, according to an August report released by HHS.

The next snapshot of selected plans will be released on Jan. 11, CMS said.

Photo: YinYang, Getty Images

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