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Study Finds High Obamacare Subsidy Eligibility Rate for Individual Market Buyers Study Finds High Obamacare Subsidy Eligibility Rate for Individual Mar...

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Health Care

Study Finds High Obamacare Subsidy Eligibility Rate for Individual Market Buyers

Roughly 70 percent of people purchasing insurance on the individual market will be eligible for subsidies on the Affordable Care Act exchanges.

(Joe Raedle/Getty Images)

photo of Clara Ritger
November 21, 2013

A new analysis of insurance coverage data suggests that approximately 70 percent of people with health plans on the individual market will be eligible for subsidies on the Affordable Care Act exchanges next year.

Families USA, a nonprofit group supportive of the president's health law, found that of the 15.2 million Americans under the age of 65 with individual market coverage, more than 10.8 million live in households earning less than 400 percent of the federal poverty line, making them eligible for premium assistance in 2014.

"The overwhelming majority of people in the individual insurance market will have access to better coverage and pay lower premiums due to the Affordable Care Act," said Ron Pollack, executive director of Families USA.

 

When pressed about lower premiums, Pollack said the cost would be lower than market value because of the federal assistance, but may not be lower than what some consumers currently pay for coverage in 2013.

For the full report, click here.

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