According to the US government, more than 14.5 million Americans have signed up for Obamacare health insurance for 2022, a 21 percent increase over last year and the greatest number since the Affordable Care Act was implemented 12 years ago.
About 10.3 million people enrolled from the 33 states in the United States that use the federally financed online marketplace, and about 4.3 million from states that sell insurance directly to their residents.
Former US President Barack Obama signed the bill into law as his signature piece of domestic legislation.
In a statement, US President Joe Biden claimed the Affordable Care Act had improved healthcare for millions of Americans and that his administration had seen a 26 percent increase in enrollment for Hispanic Americans and a 35 percent increase in enrollment for Black Americans.
According to Biden, over 18.7 million adult Americans in 39 states are now covered under Medicaid’s enhanced eligibility requirements.
Those who enrol in the government-backed insurance receive income-based subsidies. Centene (CNC.N), CVS Health (CVS.N), and Anthem Inc. are among the companies that market this type of insurance (ANTM.N).