Millions Drop Obamacare Health Coverage After Subsidies Expire and Costs Rise

U.S. Affordable Care Act coverage declined sharply as millions dropped plans following subsidy expiration and rising premiums. Enrollment fell by about 3 million, a 13% drop, from 22.1 million to 19.2 million year over year.

Federal data attribute the decline partly to a crackdown on fraudulent enrollment, while analysts point to the expiration of subsidies that drove double- and triple-digit premium increases, with losses concentrated among gig workers and other working-age adults without employer coverage.

The trend signals weakening affordability in the ACA marketplace and suggests further enrollment declines could persist as policymakers debate subsidy renewal ahead of upcoming elections. Read more from AP here.