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U.S. Signs Up 14.5M People For Obamacare Health Insurance
- By The Financial District
- Mar 24, 2022
- 1 min read
More than 14.5 million Americans signed up for Obamacare health insurance for 2022, a 21% jump over last year and the highest since the Affordable Care Act was signed 12 years ago, the US government said.
Photo Insert: The Affordable Care Act was signed 12 years ago under President Barrack Obama.
About 10.3 million people enrolled from the 33 US states that use the online marketplace funded by the federal government and about 4.3 million people from states that sell the insurance directly to their residents.
The law was former US President Barack Obama's signature piece of domestic legislation.
US President Joe Biden said in a statement the Affordable Care Act had helped improve healthcare for millions of Americans and that his administration had recorded an increase in enrollment for Hispanic Americans by 26% and for Black Americans by 35%.
More than 18.7 million adult Americans across 39 states are now insured under expanded eligibility criteria of the Medicaid, Biden said on Wednesday.
The government-backed insurance provides income-based subsidies to those enrolled. Companies that sell such insurance include Centene, CVS Health, and Anthem Inc.
