On Thursday, President Joe Biden signed an executive order that aims to make healthcare more affordable and available for Americans.
As a result, the Department of Health and Human Services plans to reopen enrollment on the federal Affordable Care Act exchange. This will take place between February 15 and May 15.
This order will give Americans who missed the recent sign-up period access to Obamacare policies and federal assistance to pay for them. Roughly 15 million uninsured people could benefit, according to the Kaiser Family Foundation. Almost 9 million could qualify for either free or subsidized coverage.
Most, if not all states that run their own marketplaces are expected to launch specific sign-up periods. About 36 states use the federal exchange for enrollment.
It is unknown how many Americans will take advantage and enroll in an Obamacare policy. The Biden administration is making a push to make Americans aware of the opportunity and knowledge on how to get signed up. These efforts will include paid advertising, direct outreach to consumers, as well as partnerships with organizations in the community.
