New state data from the Kaiser Family Foundation estimate that 9.4 million Americans who bought health plans through Affordable Care Act marketplaces will receive a total of about $32.8 billion in premium tax credits for 2016.
December 6, 2016
New state data from the Kaiser Family Foundation estimate that 9.4 million Americans who bought health plans through Affordable Care Act marketplaces will receive a total of about $32.8 billion in premium tax credits for 2016.
The data include estimates of the total amount of tax credits received in each state for 2016, based on the average tax credit per person and the number of ACA marketplace enrollees receiving tax credits as of March 31.
Under the health law, people with low or moderate incomes are eligible for tax credits that reduce monthly payments for insurance plans purchased through ACA marketplaces. A repeal of the health law would eliminate these subsidies.
