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Employee Benefits

Biden celebrates ACA's 14th anniversary amid rising criticism

March 27, 2024 Reprints

President Joe Biden celebrated the 14-year anniversary of the Affordable Care Act, highlighting the enrollment of 21.4 million Americans in the program, Fierce Healthcare reports. Enrollment has surged from 8 million in 2014, with 96% of individuals having options to choose from at least three different issuers. However, critics argue that the ACA has primarily benefited insurance companies, with the collective stock prices of six major health insurers rising 1,032% since the ACA's enactment.

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Biden celebrates ACA's 14th anniversary amid rising criticism

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