Vance Says 750,000 to Be Removed From Obamacare Rolls

September 22, 2026 at 08:59 PM2 min

This digest was compiled by AI from multiple sources — links to the originals are below.

Vice President JD Vance announced the Trump administration will remove around 750,000 people from Obamacare plans, alleging they were fraudulently enrolled. The administration is also suspending some brokers who sell Affordable Care Act coverage. Health insurer shares fell after the announcement.

Key Facts

Vice President JD Vance said the administration believes around 750,000 people are fraudulently enrolled in Obamacare plans.
Officials will conduct additional verification on roughly 419,000 people.
Vance estimated the move would save $2.2 billion in taxpayer funds.
Shares of Centene Corp. fell as much as 3.9% after early news reports of the cuts.
Enrollment for the federal Obamacare marketplace opens Nov. 1.

Enrollment Removal

Vice President JD Vance announced the Trump administration will take hundreds of thousands of people off Obamacare plans, alleging they were improperly enrolled. Vance said Tuesday that the administration believes around 750,000 'are fraudulently enrolled' and added that officials would conduct 'additional verification' on roughly 419,000 people. The administration is also suspending some brokers who sell Affordable Care Act coverage, accusing them of being responsible for thousands of fraudulent enrollees, including some who didn't exist. Vance estimated the move would save $2.2 billion in taxpayer funds, though the figure couldn't be immediately verified.

Market Reaction

Shares of health insurance companies fell Tuesday morning after early news reports of the cuts. Centene Corp. fell as much as 3.9%, Molina Healthcare Inc. was down as much as 3.5%, Elevance Health Inc fell as much as 1.9%, and UnitedHealth Group Inc. was down as much as 1.4%. Enrollment in Obamacare markets has dropped by millions since Republicans in Congress let Covid-era subsidies expire, causing premium payments to jump for many enrollees.

Enrollment Outlook

Enrollment for the federal Obamacare marketplace opens Nov. 1. People shopping for plans are likely to see spikes in premiums ahead of enrollment, adding to mounting concerns about affordability ahead of the midterm elections.