Millions dropped ObamaCare plans after subsidies ended

About four million Americans have dropped out of Affordable Care Act insurance coverage this year as costs soared due to the loss of enhanced subsidies.

The figures released late Friday from the Centers for Medicare and Medicaid Services offer the most complete look to date at what happened to enrollment after Republicans in Congress failed to extend enhanced ACA subsidies at the end of last year.

The loss of those subsidies spiked many people’s premiums by double digits; the new coverage numbers likely reflect the sticker shock Americans experienced.  

Unable to pay, they dropped their coverage.  

The report from the health and human services assistant secretary for planning and evaluation said that an estimated 19.2 million people are enrolled in ACA plans as of February.

That’s a drop of more than 16 percent from the 23 million people who signed up for coverage at the end of open enrollment, which itself was about 1 million fewer than last........

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