Obamacare Sign-ups Top 16 Million for 2023, Setting Another Record

Enrollment in plans through the Affordable Care Acts marketplaces broke last years record, with particularly high growth in Florida, Texas and Georgia.

WASHINGTON A record 16.3 million Americans have signed up for health insurance plans through the Affordable Care Acts marketplaces during this years open enrollment period, beating last years sign-ups by 13 percent, the Biden administration said on Wednesday.

The growing enrollment follows the passage of legislation during the coronavirus pandemic to increase federal subsidies for people buying the plans substantially lowering prices for nearly every American who buys their own insurance. Around 3.6 million people selected plans in the Obamacare marketplaces who did not receive coverage through them last year. Last years total had been the highest in the laws history.

President Biden cheered the development in a statement, saying, Today, we received further proof that our efforts are delivering record-breaking results.

The Biden administration has taken other steps to encourage enrollment in the plans, including increasing advertising and enrollment assistance and providing a longer window for sign-ups than during President Donald J. Trumps administration. But it appears the money is mattering more than anything else.