Affordable Care Act enrollment projected to plunge by 5 million as costs spike, analysis shows
Summary
A new study shows that about 5 million fewer people may sign up for health insurance through the Affordable Care Act this year. Those who keep their coverage will likely pay more, with yearly deductibles and monthly premiums both increasing.Key Facts
- Enrollment in the Affordable Care Act health insurance marketplace could drop by over 5 million people this year.
- This decline would cut the number of participants by more than 20%.
- People who stay enrolled will face higher costs for healthcare.
- The average deductible (the amount paid before insurance starts to help) has increased by more than $1,000.
- The average monthly premium (the monthly payment for insurance) has gone up by about $65.
- The information comes from the healthcare research group KFF (Kaiser Family Foundation).
- Rising costs may affect the affordability and access to health insurance for many Americans.
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