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Record 14.5 million Americans signed up for 2022 health coverage under Affordable Care Act

Record 14.5 million Americans signed up for 2022 health coverage under Affordable Care Act

CBSN
Thursday, January 27, 2022 01:58:44 PM UTC

Washington — President Biden said Thursday that a record 14.5 million Americans got private health insurance for this year under the Obama-era health law, thanks to help from his administration.

"Health care should be a right, not a privilege, for all Americans," Mr. Biden said in a statement. "We are making that right a reality for a record number of people, bringing down costs and increasing access for families across the country."

But progress could prove fleeting if congressional Democrats remain deadlocked over Mr. Biden's social agenda package. Mr. Biden's earlier coronavirus relief bill has been providing generous subsidy increases that benefit new and returning customers by lowering premiums and out-of-pocket costs. The enhanced financial assistance is temporary. It will go away at the end of this year without congressional action to extend it more year or make it permanent.

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