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The Affordable Care Act (ACA), formally known as the Patient Protection and Affordable Care Act (PPACA) and informally as Obamacare, is a landmark U.S. federal statute enacted by the 111th United States Congress and signed into law by President Barack Obama on March 23, 2010.
If Republicans gain control of Congress, they are widely expected to allow the enhanced ACA subsidies to expire at the end of 2025, depriving many people who buy coverage through the ACA and who ...
A new report released by the Congressional Budget Office (CBO) found that if the Affordable Care Act’s (ACA) extended subsidies are allowed to expire at the end of 2025, millions of people will ...
Subsidies that help 19 million people pay for health insurance in ACA marketplaces could expire. KFF found that the enhanced subsidies saved the average enrollee roughly $700 annually.
This chart illustrates several aspects of the Affordable Care Act, including number of persons covered, cost before and after subsidies, and public opinion. Coverage rate, employer market cost trends, budgetary impact, and income inequality aspects of the Affordable Care Act.
2.6 million were in the "coverage gap" due to the 19 states that chose not to expand the Medicaid program under the ACA/Obamacare, meaning their income was above the Medicaid eligibility limit but below the threshold for subsidies on the ACA exchanges (~44% to 100% of the federal poverty level or FPL); 5.4 million were undocumented immigrants;
However, the Inflation Reduction Act extended premium subsidies and eliminated the “subsidy cliff,” which capped financial help at 400% of federal poverty level ($120,000 for a family of four ...
The law is designed to pay subsidies in the form of premium tax credits to the individuals or families purchasing the insurance, based on income levels. Higher income consumers receive lower subsidies. While pre-subsidy prices rose considerably from 2016 to 2017, so did the subsidies, to reduce the after-subsidy cost to the consumer.
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