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Obamacare enrollment drops after enhanced premium subsidies expire
['Cnn Newsource']
KION546
The drop comes after the expiration of the enhanced federal premium subsidies caused monthly payments to skyrocket for many enrollees.
The Congressional Budget Office projected that 2 million fewer people would have Obamacare coverage this year due to the ending of the more generous federal subsidies.
The enhanced subsidies also made coverage more affordable for middle-class enrollees, who previously didn’t qualify for help.
In Colorado, just over 277,000 people selected policies by the end of the state’s enrollment period, down 2% from last year.
This comes even as the state enacted its own premium assistance program to help replace the enhanced federal subsidies.