The number of Americans without health insurance falls to a new low

The number of Americans with health insurance continues to rise, while the number without health insurance coverage is at an all-time high.

The US Department of Health and Human Services announced on Tuesday that the number of uninsured Americans has reached 8% this year.

The decline in the number of uninsured Americans began last year, when Congress and President Biden signed a $1.9 trillion coronavirus relief bill that cut premiums and out-of-pocket expenses. for new or repeat customers who purchase plans through the Affordable Care Act Private Health Insurance Marketplaces.

FILE – Health and Human Services Secretary Xavier Becerra speaks during a press conference June 28, 2022 in Washington. The number of people living in America without health insurance coverage has reached an all-time high of 8% this year. ((AP Photo/Patrick Semansky, File)/AP Newsroom)

The uninsured rate fell to just under nine percent last year with improved subsidies.

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The improvement was helped by increased advertising and more advisors helping enroll people into plans during the open enrollment season last year.

President Biden talks about health care in the State of the Union

President Joe Biden talks about a new plan to expand mental health and addiction treatment during his State of the Union address. (AP Newsroom / AP Newsroom)

“Every American deserves the peace of mind that comes with access to quality, affordable health care,” President Biden said in a statement Tuesday about the record rate of uninsured Americans.

Prior to last year, the uninsured rate had been consistently in the double digits for decades.

The number of uninsured Americans began to decline after the 2010 enactment of the ACA, which expanded Medicaid and provides health insurance to people who lack employment-based coverage through a mix of plans subsidized private.

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Democrats recently reached a 725-page deal on climate, health care and taxation that would extend federal subsidies to people who buy private health insurance credited with lowering uninsured rates.

A woman In consultation with a doctor during an examination. (iStock/iStock)

Democrats have proposed spending $64 billion to extend those price cuts for three years.

“We know that access to affordable, quality health care is the key to healthier lives, economic security, and peace of mind,” HHS Secretary Xavier Becerra said Tuesday. in a press release.

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About 26 million people still lack health insurance in the United States. Just under 2% of children are no longer insured.

The Associated Press contributed to this report.

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