eHealth Supports President-Elect Biden's Call for Public-Private Sector Cooperation on COVID-19 Crisis and for Increasing ACA Subsidies for Those Just Above the Subsidy Threshold
eHealth, Inc. (NASDAQ: EHTH) announced its support for the Biden-Harris Administration's Emergency Relief Package, which aims to enhance public-private partnerships in combating the pandemic and improve the Affordable Care Act (ACA).
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
eHealth, Inc. (NASDAQ: EHTH) announced its support for the Biden-Harris Administration's Emergency Relief Package, which aims to enhance public-private partnerships in combating the pandemic and improve the Affordable Care Act (ACA). The package seeks to cap health insurance costs for eligible Americans at no more than 8.5% of their annual income. CEO Scott Flanders highlighted the importance of increasing ACA subsidies for those just above the cutoff for relief. Furthermore, eHealth noted a significant rise in consumers utilizing Enhanced Direct Enrollment, which doubled year-over-year to 1,130,000.
Positive
- Strong support for ACA subsidy expansion.
- Consumer engagement via Enhanced Direct Enrollment doubled year-over-year.
Negative
- None.
Details
News Market Reaction – EHTH
The recorded move for EHTH in the trading session of this news was +1.24%.
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SANTA CLARA, Calif., Jan. 19, 2021 /PRNewswire/ -- eHealth, Inc. (NASDAQ: EHTH) (eHealth.com) today announced support for the Biden-Harris Administration Emergency Relief Package provisions that call for public-private sector partnership in fighting the pandemic and for expanding support for the Affordable Care Act (ACA). The Biden-Harris package would limit the amount that eligible Americans spend on health insurance to no more than
"Today, ACA coverage is out of reach for many Americans with incomes close to the cutoff for ACA subsidies, yet just high enough to make them ineligible for relief." said eHealth CEO Scott Flanders. "President-Elect Biden's plan to increase support for such individuals and families will help ensure quality coverage for many Americans who can't afford insurance under current rules."
"eHealth strongly supports the ACA subsidy expansion included in the Biden-Harris Emergency Relief Package," said John Desser, Senior Vice President of Government Affairs for eHealth. "We are also pleased to see the recent report from the Centers for Medicare and Medicaid Services showing that consumers using Enhanced Direct Enrollment to choose their health plan has more than doubled year-over-year from 521,000 to 1,130,000."
About eHealth
eHealth, Inc. (NASDAQ: EHTH) operates a leading health insurance marketplace at eHealth.com and eHealthMedicare.com with technology that provides consumers with health insurance enrollment solutions. Since 1997, we have connected more than 8 million members with quality, affordable health insurance, Medicare options, and ancillary plans. Our proprietary marketplace offers Medicare Advantage, Medicare Supplement, Medicare Part D prescription drug, individual, family, small business and other plans from over 180 health insurance carriers across fifty states and the District of Columbia.
Media Contact:
Jeff Brown
jeff.brown@ehealth.com
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SOURCE eHealth, Inc.
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