ACA Open Enrollment: Millions Face Soaring Healthcare Costs
As the U.S. government shutdown persists, millions of Americans face a financial shock during open enrollment for the Affordable Care Act (ACA) marketplace, starting November 1st. Without extended enhanced subsidies, premiums are projected to increase drastically, potentially leading to a surge in the uninsured and underinsured. The congressional deadlock over these subsidies, originally enacted in 2021, is impacting consumers’ choices and financial stability. Experts advise prospective enrollees to consider the possibility of higher premiums and closely monitor any legislative developments, as they navigate their health insurance decisions for the coming year.