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International Business Times UK

Business

Jim Manzon

Obama Hails ACA as 'Proudest Moment' — 16 Years On, Millions Face Doubling Health Insurance Premiums

ACA Barack Obama Donald Trump Insurance United States Health Care

Obama signed the ACA into law 16 years ago, but the enhanced subsidies that drove record enrolment have now expired. (Credit: Center for American Progress)

Former US President Barack Obama marked the 16th anniversary of the Affordable Care Act (ACA) on Monday by calling the day he signed it into law 'one of my proudest moments as president.'

But for the 22 million Americans who relied on enhanced subsidies to afford their coverage, the timing couldn't be worse.

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