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Obamacare Costs Soar as $6K Plans Double Post-Covid

Bloomberg Markets •
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The share of Affordable Care Act customers in insurance plans costing more than $6,000 annually doubled, according to Bloomberg Markets. This surge reflects the financial strain on households after Congress allowed pandemic-era subsidies to expire. Insurers responded by increasing premiums, forcing many consumers to either pay more or reduce coverage. Congress's decision to end the enhanced subsidies has directly doubled the burden for ACA enrollees, with premiums now consuming a larger share of household budgets. Market analysts warn this trend could accelerate as more subsidies lapse, potentially driving up overall healthcare costs and reducing plan enrollment. The expiration of Covid-era financial support has created a significant affordability crisis for millions relying on ACA plans.