Article Author:
Associated Press
Amanda Seitz
WASHINGTON (AP) — Millions of people in the United States will face significant health care costs next year after President Joe Biden signs the bill into law. Offers generous subsidies to those who purchase plans through federal and state markets that will be immune to increases.
Extensive climate change, tax and health legislation could secure $70 billion over the next three years, keeping out-of-pocket insurance premiums low for about 13 million people. A year plagued by record-high inflation.
As the calendar nears her Nov. 1 general enrollment date, Sarah Calliano says people across Virginia are signing up for private health insurance with subsidized healthcare. She was worried about her job of helping the government website.
"I thought it would be a very difficult conversation to explain to people why insurance premiums were soaring," said Calliano, a policy expert at the Virginia Poverty Law Center.
However, such concerns were dispelled with the enactment of the Inflation Control Law.
"For individuals buying coverage through the marketplace, things are going to be as bad as the worst," she said.
The bill extends temporary subsidies that were provided last year when Congress and Biden approved the $1.9 trillion coronavirus relief bill, which was part of the Affordable Care Act. significantly lower premiums and out-of-pocket costs for customers who purchase plans through the marketplace. It also continues to reduce costs for more individuals and families living well above the poverty line.
Only Democrats backed health subsidy extensions and other proposals in the bill Biden signed into law on Tuesday. Republicans criticized the move, saying the government's excesses would only exacerbate inflation. In reality, economists say the bill does little to fan or extinguish the flames of exorbitant prices.
Health insurance premiums in the market are expected to rise substantially by about 10% next year, according to an analysis by the Kaiser Family Foundation. Extended subsidies that determine premium payments based on income would protect most people from these price increases, said Cynthia Cox, vice president of the foundation. In layman's terms, people shouldn't see premiums go up," Cox said.
The Centers for Medicare and Medicaid Services estimates that people who purchase insurance plans in the government marketplace will pay an average of about $700 in premiums due to this year's subsidies. I was able to save.
More people have insurance than last year as costs have dropped, and the number of people without health insurance fell to his lowest 8% in August, said the Department of Health and Human Services. About 26 million people in the United States remain uninsured, 2% of whom are children.
California continues to save many of the 1.7 million people who purchase health insurance through Covered California, the state-run insurance marketplace. It ranges from $29 to $324 per month depending on your income level.
State officials estimate that about 220,000 people will be saved from out-of-cover pricing. Her 2 million to her 3 million people in California could look to the state market if they lose Medicaid coverage when her federal COVID-19 public health emergency ends There is a nature. About 15 million people in the United States received extended Medicaid coverage during the pandemic.
According to Joseph Poindexter, senior director of health insurance programs at Healthcare Access Maryland, cost is the number one factor in deciding whether or not to purchase insurance.
For example, some parents enroll their children in Medicaid but skip purchasing insurance themselves. I see people a lot," said Poindexter.
Poindexter said the subsidy meant fewer people had to do the math, and the lower price was due to a 9% increase in new signups in the state last year. .
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His AP writer Adam Beam of Sacramento, California contributed to this report.
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