Record Enrollment Through Fed and State Government’s Health Insurance Marketplaces
Approximately 14.5 million Americans signed up for health insurance through
the health care marketplaces during the federal government’s open enrollment
period, which ended on Jan. 15. Of that 14.5 million, 5.8 million were new enrollees.
The record-breaking 14.5 million Americans exceeded the previous enrollment record by 2 million people.
Additionally, the Department of Health and Human Services released a report showing
that the uninsured rate fell in 2021 to 8.9% for the third quarter of 2021, down
from 10.3% for the last quarter of 2020. The decrease in the uninsured rate represents
an increase in enrollment in 2021 for not only adults, but also children.
The increased enrollment is attributed to the significant increase in marketplace
subsidies provided in the American Rescue Plan, which became law in early 2021.
As a result, marketplace consumers saw their average monthly premium fall by 23%,
compared to the 2021 enrollment period.