House Dems' COVID-19 relief bill includes 2-year boost to ObamaCare subsidies
Source: The Hill
House Democrats' coronavirus relief legislation released Monday would increase the Affordable Care Act's financial assistance for two years, providing greater help for enrollees' to afford their premiums.
The measure, one provision in a sweeping COVID-19 relief package, would increase ObamaCare subsidies so that enrollees would have to pay no more than 8.5 percent of their income in health insurance premiums, down from a maximum cap of about 10 percent of income currently.
Also for the first time, middle class people making over 400 percent of the poverty level (about $100,000 for a family of four), would qualify for assistance. Those people are currently ineligible for any help, and are therefore left with high costs if they have to buy health insurance on their own because they do not get it through a job.
Increasing ObamaCare's financial assistance to make premiums more affordable has been a major Democratic goal for years, viewed as an improvement to the original ACA, but has been blocked by Republicans who oppose spending more money on a health care law they oppose.
Read more: https://www.msn.com/en-us/news/politics/house-dems-covid-19-relief-bill-includes-2-year-boost-to-obamacare-subsidies/ar-BB1dvFWs?li=BBnb7Kz
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