Demise of Enhanced Tax Credits Drives Lower ACA Plan Enrollment
The end of enhanced tax credits for Affordable Care Act health plans has led to a five percent decrease in the number of people who enrolled in ACA plans during the open enrollment period that ended on January 15. According to federal data, about 23 million Americans signed up for such plans this year, down 1.1 million from last year – a significant decline, although not as great as predictions that enrollment could fall as much as 30 percent. Because of the loss of the enhanced premiums tax credits, insurance premiums doubled for some applicants, putting them out of the [...]
