President Joe Biden is expected to take executive action as early as Thursday to reopen the Affordable Care Act marketplaces as well as to lower the barriers to enroll in Medicaid, the Washington Post reported today.
The action is aimed at helping the millions of Americans who lost their employer-related health coverage as the economy shed jobs during the COVID-19 pandemic.
Under one executive order, the ACA marketplace HealthCare.gov will reopen for at least a few months. Ordinarily, the open enrollment period for health coverage through the marketplace lasts for about six weeks near the end of the year.
The reopening of HealthCare.gov will be accompanied by more federal funds to draw attention to the opportunity through advertising and other outreach efforts. This alsoreverses the Trump administration's stance that supporting such outreach was wasteful. During Trumpâs first two years in office, his administration cut money for advertising and for community groups known as navigators that helped people enroll.
In the early days of the pandemic, the health insurance industry and congressional Democrats urged the Trump administration to reopen the federal health care marketplace and give more people the opportunity to enroll in coverage. But at end of March, Trump health officials decided against that.
During the most recent enrollment period, which ended in mid-December, nearly 8.3 million people signed up for health plans in the states using HealthCare.gov. The figure is about the same as the previous year, even though it includes two fewer states, which began operating their own marketplaces.
The executive order relating to Medicaid is intended to reverse Trump-era changes that critics say damaged Americansâ access to the federal health insurance program for low-income citizens. It is unclear whether Bidenâs order will undo a Trump-era rule allowing states to impose work requirements, or simply direct federal health officials to review rules to make sure they expand coverage to the program that insures about 70 million low-income people in the United States.

COVID-19 Shows Employers Need Help Managing Worker Absences, Guardian Life Says
Insurer Gets Partial Victory In Colorado COI Lawsuit Verdict
Advisor News
- Troubled Chinese Conglomerate Missing Up To $15 Billion
- Fight The Man: What GameStop’s Surge Says About Online Mobs
- Venture Capitalists Invested A Record $1.9B In Minnesota In 2020
- How To Help Your Clients Pay Off Debt In 2021
- After Falling Back, GameStop Climbs Again As Populist Trading Roils Wall Street
More Advisor NewsAnnuity News
Health/Employee Benefits
- AP Analysis: Racial Disparity Seen In US Vaccination Drive
- Biden To Reopen Obamacare Portal From Feb. 15 To May 15
- AHIP Chief Calls For Health Equity In Communities Of Color
- Biden To Reopen Obamacare Markets For COVID-19 Relief
- Biden To Reopen ACA Marketplaces
More Health/Employee BenefitsLife Insurance
- Principal Financial Group Saw Record Life Insurance Apps In 2020
- NAIFA Leader Jack E. Bobo Dies
- âTremendous Opportunityâ In Cross-Selling Life And Annuities
- Allstate Sells Life Insurance Unit To Blackstone In $2.8B Deal
- Insurer Gets Partial Victory In Colorado COI Lawsuit Verdict
More Life Insurance