The peace of thoughts that comes from having reasonably priced, high quality well being protection ought to be a proper—not a privilege—for each American. For the previous decade, the Inexpensive Care Act has allowed thousands and thousands of People to sleep extra soundly at night time, understanding that they are going to be lined ought to the worst happen.
After I ran for President, I promised to guard and construct on the historic basis of the Inexpensive Care Act. That’s why, on February 15th, my administration opened HealthCare.gov for a Particular Enrollment Interval to permit all People—significantly those that had misplaced their protection by means of no fault of their very own throughout the pandemic—to discover a high quality, reasonably priced well being plan.
Six months later, I’m happy to report that 2.8 million extra People have gained entry to dependable well being protection by means of HealthCare.gov and state-based marketplaces. That’s 2.8 million households who may have extra safety, extra respiratory room, and extra money of their pocket if an sickness or accident hits dwelling. Altogether, 12.2 million People are actively enrolled in protection below the Inexpensive Care Act—an all-time excessive.
Along with widening entry, we’re additionally reducing the price of well being take care of thousands and thousands of households due to the expanded premium subsidies included in my American Rescue Plan. People who buy their protection by means of the Inexpensive Care Act have seen their premiums lower a median of $67 a month—which is greater than $800 every year that may go to groceries, baby care, or different necessities. Over 4 in ten People who gained protection throughout the Particular Enrollment Interval discovered a high quality plan for $10 or much less per thirty days. Twenty states and the District of Columbia noticed premiums lower by greater than $75 a month. And out-of-pocket spending declined dramatically, with the median deductible for brand spanking new enrollees dropping by greater than 90 p.c, from $750 to $50.
These numbers are encouraging, however we’ve got extra work to do to drive down the price of well being take care of all People. My Construct Again Higher Agenda would decrease prescription drug prices for thousands and thousands of People by letting Medicare negotiate drug costs; present well being care premium tax cuts for 9 million People that cut back prices a median of $600; and ship high quality, reasonably priced care to thousands and thousands extra. The truth is, by closing the Medicaid protection hole and increasing the expanded Inexpensive Care Act tax credit, it’s estimated we may guarantee well being protection for an extra seven million People.
I urge Congress to behave shortly to ship for the American folks—to maintain up the important work of increasing entry and reducing well being care prices throughout the board, and to proceed constructing on the robust basis of the Inexpensive Care Act.