Why your healthcare is about to get a lot more expensive
Business InsiderNov 02, 2022
The Facts
On Wednesday, the US Biden admin. announced a record 15.9M Americans have enrolled in the Affordable Care Act (ACA) for 2023 — a 13% jump from the same time last year.
The ACA, also known as Obamacare, provides Americans with access to lower-cost health insurance and expands Medicaid.
The Spin
Democratic narrative
In his two years as president, Joe Biden has made several moves to make the ACA more attractive and to make sure more Americans are insured. Biden fixed the “family glitch” problem with the law, created and expanded subsidies to make the program more affordable, and strengthened campaigns to raise awareness for the program. It's no wonder enrollment is at record levels.
Republican narrative
Of course, ACA enrollment is up. After all, the threshold for qualifying for the subsidies is so high that the ACA has become a handout to the middle and upper class instead of an aid to the poor. More concerningly, as the subsidies continue to discourage people from rejoining the workforce, the US economy will continue to be stuck in a ditch.