record 24 Million Americans Sign Up for affordable Care Act Coverage

(Washington, D.C.) – President Joe Biden announced today that nearly 24 million Americans have signed up for Affordable Care Act (ACA) Marketplace coverage, marking a historic high and nearly doubling enrollment since he took office.With one week remaining in the 2025 Open Enrollment Period, this achievement underscores the Biden-Harris Administration‘s commitment to expanding access to affordable healthcare.

“Today, we have once again set a record when it comes to ensuring access to affordable, quality healthcare: nearly 24 million Americans have signed up for Affordable Care act coverage,” President Biden said in a statement. “That means enrollment has nearly doubled as I took office. That’s no coincidence. When I took office, I made a promise to the American people that I would bring down the cost of healthcare and prescription drugs, make signing up for coverage easier, and strengthen the Affordable Care Act, Medicare, and Medicaid. I’m proud that my Administration delivered – even as Republican elected officials,who have been eager to put millions of Americans’ coverage at risk,stood in the way. I urge Congress to double down on the progress we have made and ensure Americans have access to quality,affordable healthcare by extending the ACA premium tax credit this year.”

This record-breaking enrollment is a direct result of the Administration’s efforts to lower healthcare costs and simplify the enrollment process. The Biden-Harris Administration made the largest ever investment in outreach and enrollment assistance, particularly targeting rural and underserved communities. They also eliminated bureaucratic red tape that hindered enrollment.

As a result,Americans purchasing health insurance on the ACA Marketplace are saving an average of $800 annually on their premiums.Though, this progress is now threatened. If Congress fails to extend the enhanced premium tax credits, premiums will skyrocket, and millions could lose coverage.

“For many families, the results will be catastrophic,” the White House warned.

A single parent earning $50,000 per year could see their premiums increase by $1,600 per year. A retired couple earning $85,000 per year could face a premium hike of $3,000 annually.

The Biden Administration is urging Congress to act swiftly to extend the tax credits and protect the healthcare coverage of millions of Americans.

Record 24 Million Americans Enroll in Affordable Care act Coverage

Washington, D.C. – President Joe Biden announced a historic milestone today: nearly 24 million Americans have enrolled in Affordable Care Act (ACA) marketplace coverage, marking a record high and nearly doubling enrollment since he took office in 2021. With just one week left in the 2025 Open Enrollment Period, this achievement underscores the Biden-Harris Administration’s commitment to expanding access to affordable healthcare.

“Today, we have once again set a record when it comes to ensuring access to affordable, quality healthcare: nearly 24 million Americans have signed up for Affordable Care Act coverage,” President Biden said in a statement. “That means enrollment has nearly doubled since I took office. That’s no coincidence. When I took office,I made a promise to the American people that I would bring down the cost of healthcare and prescription drugs,make signing up for coverage easier,and strengthen the Affordable Care Act,Medicare,and Medicaid. I’m proud that my Administration is delivering on that promise.”

The President’s proclamation comes as the administration pushes Congress to extend enhanced tax credits that have been instrumental in making coverage more affordable for millions of Americans. Without Congressional action, thes tax credits are set to expire, potentially causing premiums to skyrocket for millions. Experts estimate that 3 to 5 million people could lose their health insurance altogether.

Tax Credits: A Key Driver of Enrollment Growth

The enhanced tax credits, a key component of the American Rescue Plan, have played a pivotal role in the surge of ACA enrollment. These credits have considerably reduced monthly premiums for millions of Americans, making health insurance more accessible and affordable.

The Biden-Harris Administration has made expanding access to affordable healthcare a top priority. Alongside the enrollment announcement,the White House released a comprehensive report detailing the Administration’s achievements in improving healthcare for millions of americans.

Key highlights include:

Lower Prescription Drug Prices: President Biden’s Medicare Drug Price Negotiation program has already achieved negotiated prices 38 to 79 percent lower than U.S. list prices for the first round of negotiated drugs. These savings will put $1.5 billion back into the pockets of Medicare beneficiaries. Seniors are also protected by a new $2,000 cap on out-of-pocket costs and a $35 monthly cap on insulin.

Expanded ACA Coverage: The Administration ended the “family glitch,” making millions of family members eligible for affordable ACA Marketplace coverage.

improved Mental Health Support: The 988 lifeline, created under this administration, has answered over 11 million calls, chats, and texts, providing immediate care to individuals experiencing distress.

Reduced Overdose Deaths: Recent data shows a 17% reduction in overdose deaths in the 12 months ending July 2024,the largest decline in U.S. history.

Enhanced Maternal Health: Following the Administration’s efforts, 46 states and the District of Columbia extended Medicaid postpartum coverage from two to twelve months for hundreds of thousands of new mothers.

Progress Against HIV: Rates of new HIV infections are down following the launch of a comprehensive national strategy to end the HIV epidemic by the end of the decade.

The Biden-Harris Administration remains committed to ensuring that every American has access to quality, affordable healthcare. They urge Congress to act now to extend the ACA premium tax credits and protect the progress made.

ACA Enrollment Surges as Deadline Looms

Millions of Americans are taking advantage of the Affordable Care Act (ACA) Marketplace, with enrollment numbers surging ahead of the January 15 deadline. This surge is largely attributed to expanded premium tax credits made available under the American Rescue Plan Act. These credits have significantly lowered monthly premiums for many, making health insurance more accessible.

A Critical Lifeline for Millions

The expanded tax credits have been a lifeline for many Americans struggling to afford health insurance. “These credits have made a real difference in people’s lives,” said President Biden.”They’ve helped millions of Americans get the coverage they need, and we can’t let that progress slip away.”

However,the future of these expanded subsidies remains uncertain. Without action from Congress, they are set to expire at the end of 2025. This looming deadline has raised concerns about a potential drop in enrollment and a rise in healthcare costs for many Americans.

Looking Ahead: Ensuring Long-Term Affordability

The Biden administration has stressed the importance of making the expanded tax credits permanent. “We cannot let that happen,” President Biden stated. “Extending these tax credits is critical to ensuring that millions of Americans can continue to afford quality health care coverage.”

For those still seeking coverage, time is running out. The open enrollment period for the ACA Marketplace ends on January 15.

For more information on ACA Marketplace coverage and how to enroll, visit healthcare.gov.