Monday, March 23, 2015

Obamacare subsidies likely expanded insurance coverage: report

A man sits at a health insurance enrollment event in Cudahy, California By Susan Cornwell WASHINGTON (Reuters) - Early evidence suggests that the tax credit subsidies at the core of President Barack Obama's healthcare reform law likely helped expand U.S. health insurance coverage last year, Congress's non-partisan research arm said on Monday. The subsidies - which can be paid by the federal government to insurers in advance to lower monthly insurance premiums - significantly reduced the premium costs, the Government Accountability Office (GAO) said in a report. "Surveys GAO identified estimated that the uninsured rate declined significantly among households with incomes eligible for the APTC (Advanced Premium Tax Credit)," the GAO said.




March 23, 2015 at 06:18PM

via Lazahealth.org


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