Over 200,000 Sign Up for Biden’s New ‘Obamacare’ Special Enrollment Period

About This Source - Bloomberg QuickTake: Now

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Recent from Bloomberg QuickTake: Now:

  • Biden Touts Tax Credit for Businesses to Give Workers Paid Time Off to Get Vaccine
  • Nearly 1,500 Protesters Arrested at Alexey Navalny Rallies in Russia
  • Harris Calls on Congress to Pass George Floyd Justice in Policing Act
  • Bloomberg Quicktake: Now published this video item, entitled “Over 200,000 Sign Up for Biden’s New ‘Obamacare’ Special Enrollment Period” – below is their description.

    More than 200,000 people signed up for coverage in the first two weeks after President Joe Biden re-opened HealthCare.gov as part of his coronavirus response, the government said Wednesday.

    The solid start to the three-month special enrollment period indicates a pent-up demand for health insurance as the COVID-19 pandemic approaches the one-year mark and many people remain unemployed or unable to work as many hours as they did before the outbreak.

    HealthCare.gov offers subsidized private health insurance under the Obama-era Affordable Care Act, catering mainly to low- and moderate-income working people.

    If Congress passes Biden’s coronavirus response bill, taxpayer-funded financial aid will become considerably more generous, and a greater number of solid middle-class households would also qualify for assistance. Though the sweetened subsidies only last through the end of next year, their availability is expected to boost insurance coverage. The Democratic COVID legislation also has incentives for states to expand Medicaid to cover more low-income adults.

    It fits into Biden’s strategy of pushing the U.S. toward coverage for all by building on the health law better known as “Obamacare.” The Congressional Budget Office estimates that about 33 million people remain uninsured although the Obama health law has been on the books for more than 10 years.

    The numbers released Wednesday by the Centers for Medicare and Medicaid Services, or CMS, show that more than 206,000 people signed up for ACA coverage from Feb. 15-28. The figures are partial, since they only cover the 36 states served by the federal HealthCare.gov insurance market. National enrollment will be higher when totals from states running their own insurance websites are factored in later.

    HealthCare.gov will be accepting applications through May 15, a period about twice as long as the regular annual open enrollment. The government has a $50 million advertising budget, five times what the Trump administration would spend on annual open enrollment.

    Former President Donald Trump tried repeatedly and unsuccessfully to repeal “Obamacare” and refused to reopen enrollment because of the pandemic. Biden’s special sign-up period features a special emphasis on reaching Black and Latino communities that have borne a heavy burden from COVID-19.

    “Obamacare” now covers more than 20 million people through a combination of subsidized private plans and, in most states, expanded Medicaid.

    Experts agree that job losses during the pandemic have led to more uninsured people, but it’s unclear how many more. Some estimates range from 5 million to 10 million, while the Congressional Budget Office suggests a lower number, more like 3 million.

    Bloomberg Quicktake: Now YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    In This Story: COVID-19

    Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

    Symptoms of coronavirus

    The main symptoms of coronavirus are:

    • a persistent new cough (non productive, dry)
    • a high temperature (e.g. head feels warm to the touch)
    • shortness of breath (if this is abnormal for the individual, or increased)

    Latest News about Covid-19

    Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.

    5 Recent Items: COVID-19

  • Hotel quarantine transmission concerns, coronavirus vaccines to be made locally | 9 News Australia
  • Suntory CEO on Green Initiatives, Pandemic Impact
  • Global National: April 21, 2021 | Black teen shot by Ohio police amid historic Chauvin verdict
  • Trudeau opens up about Canada’s COVID-19 vaccine rollout in exclusive Global interview | FULL
  • France ‘to start easing Covid-19 travel restrictions in May’
  • In This Story: Donald Trump

    Donald John Trump was the 45th President of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.

    5 Recent Items: Donald Trump

  • Calls to End Qualified Immunity for Officers Grow Louder After Chauvin Conviction
  • What to Expect From the Justice Department Investigation Into Minneapolis Police
  • DOJ to Probe Minneapolis Police for Excessive Force, Discriminatory Conduct
  • Pelosi Floats New Proposal for Bipartisan Commission to Investigate Capitol Riot
  • The Biden Administration’s First 100 Days: Undoing the Undoing of Environmental Protection Law
  • In This Story: Joe Biden

    Joe Biden is an American politician serving as the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009.

    He is married to Dr Jill Biden.

    Books by Joe Biden #Ad

    6 Recent Items: Joe Biden

  • Biden Touts Tax Credit for Businesses to Give Workers Paid Time Off to Get Vaccine
  • Harris Calls on Congress to Pass George Floyd Justice in Policing Act
  • Biden Urges Businesses to Give Employees Paid Time Off to Get Vaccinated
  • Biden Says U.S. Has Administered 200 Million Doses of Covid-19 Vaccine
  • Biden Says Derek Chauvin Guilty Verdict Is Not Enough
  • Ohio State Students March for Ma’Khia Bryant, Killed by Police in Columbus
  • Leave a Comment