About four million Americans have dropped out of Affordable Care Act insurance coverage this year as costs soared due to the loss of enhanced subsidies. The figures released late Friday from the Centers for Medicare and Medicaid Services offer the most complete look to date at what happened to enrollment after Republicans in Congress failed to extend enhanced ACA subsidies at the end of last year. The loss of those subsidies spiked many people’s premiums by double digits; the new coverage numbers likely reflect the sticker shock Americans experienced. Unable to pay, they dropped their coverage.
Read the full article: Millions Dropped ObamaCare Plans After Subsidies Ended //
Source: https://thehill.com/policy/healthcare/5943956-aca-enrollment-drop-subsidies/