SAN DIEGO, CALIFORNIA – A surge of Californians and Americans across the country has enrolled in health insurance plans under the Affordable Care Act, according to local and state officials. California alone has seen a record number of 1,784,653 residents selecting ACA health coverage through Covered California for 2024, including 306,382 new enrollees and 1,478,271 renewing their existing plans. The increase in enrollment has been attributed to enhanced federal subsidies through the Inflation Reduction Act and a new California cost-sharing program, making health care coverage more accessible and affordable for more Californians.
The state’s increased enrollment contributes to a record 21.3 million Americans who have signed up for coverage in 2024, marking a 31% surge over the previous year and the highest since the ACA’s inception, as reported by the federal government. The Affordable Care Act, also known as “Obamacare,” was signed into law in 2010 and is a key element of former U.S. President Barack Obama’s domestic legislation. It aims to provide affordable health insurance coverage for low and middle-income Americans who do not have access through their employers.
A notable highlight of the increased demand for Covered California is the greater financial assistance provided for 2024, affirming the growing importance of the Affordable Care Act for Americans. While the ACA has gained popularity, former President Trump has stated his intention to end the health insurance program if re-elected in November. The implications of such a move remain a source of concern for many Americans.
With open enrollment for Covered California ending at midnight on February 9th, the surge in participation signifies a growing recognition of the importance of health care coverage for individuals and families across California and the nation. The success of the Affordable Care Act in expanding access to affordable health insurance underscores its significance as a key federal program alongside Medicare, Medicaid, and Social Security.