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.

HIALEAH, FL - NOVEMBER 14: Venita Mendez works with Gisselle Rubio, an insurance agent with Sunshine Life and Health Advisors, as she looks to purchase an insurance policy under the Affordable Care Act at the store setup in the Westland Mall on November 14, 2013 in Hialeah, Florida. As the insurance agents continue to help people purchase and understand the policies offered under the Affordable Care Act, U.S. President Barack Obama announced that Americans who have had their health insurance plans canceled because of the Affordable Care Act can keep those plans for another year if they wish to. 
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Clara Ritger
Nov. 21, 2013, 12:07 p.m.

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.

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