Millions Risk Losing Coverage as Election Battles Threaten Obamacare

TL/DR –

The Biden administration has increased funding to boost premium tax credits that help people buy health coverage and improve outreach and consumer assistance. This is aimed at raising awareness about available subsidies and assisting individuals in the application process. Additionally, as states start to re-evaluate Medicaid enrollment following the COVID-19 pandemic, people whose incomes are slightly too high for Medicaid are now qualifying for marketplace plans.

Sabrina Corlette on Biden Administration’s Health Coverage Investments

Sabrina Corlette discusses how the Biden administration has increased accessibility to health coverage through several strategies. Firstly, they have amplified the premium tax credits available for people to purchase coverage. This enhancement is a part of the administration’s large-scale investments in health care.

Secondly, there has been a boost in funding for outreach and consumer aid. This initiative ensures more people are informed about the availability of these subsidies. The assistance also helps potential applicants through the application process.

Lastly, Corlette highlights the states’ role in what is termed as ‘unwinding’ Medicaid enrollment. During the COVID-19 pandemic, a Congress mandate required states to retain people on Medicaid for approximately three years. Currently, states are initiating Medicaid renewal processes. Individuals, who no longer qualify for Medicaid due to slightly higher income, are now eligible for the marketplace plans. This change is a significant step in expanding access to health coverage.

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