US health insurance coverage at record high, new data shows

WASHINGTON (dpa-AFX) – Health insurance coverage in the United States has reached a record high under the Biden administration, according to the latest data from the U.S. Treasury Department.

As of January 2014, nearly 50 million Americans, or 1 in 7 US residents, are insured through the Affordable Care Act.

By lowering the cost of Marketplace coverage by expanding the premium tax deduction, the number of Americans insured through the Marketplaces has grown significantly, reaching a record 20.8 million after the 2024 open enrollment. The data shows that 18.2 million Americans have enrolled for the first time since January 2021.

In a statement responding to the Census Income, Poverty and Health Insurance Coverage reports, President Joe Biden said, “Today’s reports show that we’re making real progress growing the middle class, with incomes up more than $3,000 last year and more since Vice President Harris and I took office, adjusting for inflation. Additionally, health insurance coverage reached record highs under our administration thanks to our work to build on the Affordable Care Act and lower health care costs.”

He criticized Republicans in Congress for repeatedly blocking policies to restore the expanded child tax credit and approve the government’s plan to build millions of homes and make rent more affordable.

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