NEW YORK, Sept 10 (Reuters) - One in seven Americans
have signed up for health insurance coverage through Affordable
Care Act marketplaces since their 2014 launch, according to data
released on Tuesday by the U.S. Department of the Treasury.
A total of 49.4 million Americans have signed up for the
plans, often referred to as Obamacare, with enrollment reaching
a high of 20.8 million people in 2024, the agency said.
The insurance plans, run by companies including CVS Health's ( CVS )
Aetna and UnitedHealth Group ( UNH ), provide
income-based subsidies and are sold on the federally-run
Healthcare.gov website or are offered directly by states that
run their own sites.
Marketplace coverage since 2014 has been higher in states
that have not expanded Medicaid programs under the ACA or did so
later, the report said.
Typically, people with annual incomes between 100% and 138%
of the poverty level - currently set by the government at
$15,060 for individuals and $31,200 for a family of four - are
covered by the ACA Marketplace in non-expansion states, versus
Medicaid in expansion states.
Florida, Utah and Georgia, for instance, topped marketplace
enrollment by percent of population with an average of 20% of
residents, compared with 12% of residents in states that
expanded Medicaid coverage. Data cited in the release was
collected by the Internal Revenue Service from tax forms and
other sources.
The average cost of premiums for a year of enrollment in a
marketplace health plan fell to $800 through the Biden
administration's four years, a senior administration official
said.
"Marketplace enrollment has surged under the
(Biden)Administration, which has especially helped American
families with their monthly bills and entrepreneurs who are
looking for coverage as they start new businesses," said U.S.
Secretary of the Treasury Janet Yellen in a statement released
on Tuesday.