Why Millions Are Expected to Lose Health Insurance Soon

Workweek September 17, 2022
Jared Dashevsky

I have good news and bad news. The good news is the uninsured rate hit one of its lowest points in the past decade at 8.3%. The bad news is that between 5.3 million and 14 million Americans are estimated to lose insurance once the public health emergency ends—which may be soon.

Despite the uninsured rate hitting all-time lows, it’s destined to see its steepest inflection point soon.

HOW DID MILLIONS GAIN INSURANCE COVERAGE?

Insurance coverage spiked because of two key pieces of legislation:

• The American Rescue Plan Act (ARPA)
• The Families First Coronavirus Response Act (FFCRA)

The ARPA expanded access to the Affordable Care Act’s insurance marketplace by enhancing tax credits, essentially eliminating the subsidy cliff. Before...

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