Obamacare

Biden Might Reopen ‘Obamacare’ Markets for COVID-19 Relief

President Joe Biden might have started fulfilling a campaign promise by reopening the HealthCare.gov insurance markets (Obamacare) for a special opportunity to sign up for people needing coverage in the coronavirus pandemic.

Good News

The number of uninsured Americans has grown exponentially in the last year because of massive job losses due to the economic hit of COVID-19. The Trump administration resisted calls to authorize a ‘special enrollment period’ for people who were uninsured during the pandemic. There is no denying the fact that failure to repeal and replace ‘Obamacare’ as he repeatedly vowed to do, is one of his most bitter disappointments.

Obamacare

Obamacare

‘Obamacare’ covers more than 23 million Americans through a mix of subsidized private insurance that was sold in all state, and expanded Medicaid adopted by 38 states. Health coverage is available for people who do not have job-based medical insurance, while the Medicaid expansion offered help to people with low income.

The Effects

An order from Biden would directly affect HealthCare.gov, the federal insurance marketplace, which currently serves 36 states. The marketplace has concluded a successful annual sign-up season. In December, they saw a rise in the number of enrollments, as the number of people enrolling for 2021 grew up by 7 percent. The final figures for this year including that of the insurance markets, which are directly run by the states, will arrive anytime soon.

As the insurance markets are opened up, more and more Medicaid enrollment will likely be there, as people qualifying for the program are referred automatically.

President Joe Biden had promised to build on former President Barack Obama’s health model to push the entire country towards health coverage for all. As per research, out of around 28 million uninsured Americans before the pandemic, 16 million might be eligible for some kind of subsidized coverage through the health law.