ICYMI: UNDER BIDEN, NUMBER OF AMERICANS WITHOUT INSURANCE HITS HISTORIC LOW
Thanks to the American Rescue Plan, 5 Million More Americans Have Gained Coverage
WASHINGTON, D.C. — A new Department of Health and Human Services report shows that the number of Americans without health care insurance has reached record low. Thanks to the Affordable Care Act and subsidies from the American Rescue Plan, just 8 percent of Americans lack health insurance.
Congress is currently negotiating a three-year extension of the subsidies in the Inflation Reduction Act of 2022, which would continue to make healthcare affordable for millions of Americans. Invest in America Action released a new report yesterday detailing the consequences if subsidies were allowed to expire in key states.
A record low 8% of Americans lacked health insurance at the start of the year, according to an analysis by the U.S. Department of Health and Human Services provided first to USA TODAY.
More than 5 million people have gained coverage since 2020, according to the department’s review of household survey data.
The drop comes after Democrats temporarily boosted insurance premium subsidies and ramped up outreach to help people enroll in Obamacare plans created by the 2010 Affordable Care Act.
Coverage rates also grew as more states expanded Medicaid through the ACA and as states received extra Medicaid funding during the pandemic under the condition that they keep most Medicaid patients enrolled until the public health emergency ends.
About Invest in America
Invest In America is a national rapid response operation advocating for robust public investment to rescue the economy from the COVID crisis and create prosperity for the future, and to fight back against fear-mongers who use deficit concerns as a scapegoat to starve American communities and businesses of resources.
The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.