LIVE: Biden Signs Executive Actions to Strengthen Americans' Access to Health Care

(Jan. 28) President Joe Biden will make it easier for Americans to buy health insurance during the pandemic, reopening the federal Obamacare marketplace with an order Thursday that’s a step toward reinvigorating a program his predecessor tried to eliminate.

Another directive Biden will issue Thursday will immediately rescind the so-called Mexico City Policy, which prohibits international non-profits from receiving U.S. funding if they provide abortion counseling or referrals.

Shares of health insurers and hospitals rose following the announcement, with Anthem Inc., Cigna Corp., and Centene Corp. up more than 3% at 10:29 a.m. in New York, outpacing the broader market.

The long-expected executive orders build on more than two dozen Biden already has signed during his first week in office.

“As we continue to battle Covid-19, it is even more critical that Americans have meaningful access to affordable care,” the White House said in a statement. “Reliable and affordable access to health insurance doesn't just benefit families’ health; it is a critical source of economic security and peace of mind for all.”

The Trump administration argued that people who lost their coverage in the pandemic could sign up for Obamacare plans using individual special enrollment periods. Requests for special enrollment have spiked, but the process is more complicated than open enrollment because it requires applicants to prove their eligibility. It’s also not available to people who’ve been uninsured for an extended period of time.

The new enrollment period Biden is creating will be available to “Americans that need health care coverage,” according to the statement, which did not say whether there would be restrictions.

America’s Health Insurance Plans, the trade group for health insurers, welcomed the announcement. The executive order will “create more pathways for Americans to obtain coverage that is so essential to their health, well-being and peace of mind,” AHIP Chief Executive Officer Matt Eyles said in a news release.

Enrollment in plans sold by marketplaces set up under the Affordable Care Act declined slightly under President Donald Trump, who cut funding for the program’s marketing and outreach after promising to repeal the law.

Trump’s efforts to repeal the Affordable Care Act failed in Congress, and the insurance marketplaces it created continued to enroll millions of people during his presidency. He occasionally claimed credit for lowering premiums for plans sold on the exchanges.

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