The more the US invests in Obamacare, the more unsustainable it looks

Obamacare has never been more successful. It’s also never been more obviously unsustainable.

In the wake of Covid-19 and the subsequent rise in unemployment, more Americans than ever turned to the Affordable Care Act (ACA)’s marketplace to buy health insurance. Since early March, when president Joe Biden started a new open-enrollment period, more than 200,000 Americans have signed up. In 2020, 11.5 million health insurance policies were bought through the ACA, and of them, ...

Joe Biden touts $1.9tn Covid rescue package on anniversary of Affordable Care Act

Administration also extended the enrollment period for registering for subsidized health insurance coverage until 15 August

Joe Biden marked the 11th anniversary of the signing of the Affordable Care Act with a trip to Ohio on Tuesday, touting his efforts to reverse many Trump-era measures aimed at weakening the landmark health reform law, and pledging that his $1.9tn Covid rescue package would build on the ACA’s promise.

Continue reading...