What the important thing was just to get it pasted 'by any means necessary'. It worked, and now we all suffer because of progressive socialists that are in power who don't care that health care is being strangled . Who, in congress, voted for this nightmare?
Millions Could Be Priced out of Health Overhaul
Source: "Little Hope Seen for Millions Priced out of Health Overhaul," Reuters, March 26, 2013.
March 29, 2013
Millions of Americans will be priced out of health insurance under President Barack Obama's health care overhaul because of a glitch in the law that adversely affects people with modest incomes who cannot afford family coverage offered by their employers, says Reuters.
Tax credits are a key component of the law and the White House has said the credits, averaging about $4,000 apiece, will help about 18 million individuals and families pay for health insurance once the Affordable Care Act takes full effect, beginning in January 2014.
Tax credits are a key component of the law and the White House has said the credits, averaging about $4,000 apiece, will help about 18 million individuals and families pay for health insurance once the Affordable Care Act takes full effect, beginning in January 2014.
- The tax credits are geared toward low- and middle-income Americans who do not have access to affordable health insurance coverage through an employer.
- The law specifies that employer-sponsored insurance is affordable so long as a worker's share of the premium does not exceed 9.5 percent of the worker's household income.
- In its rule making, or final interpretation of the law, the IRS said affordability should be based strictly on individual coverage costs, however.
- That means that, even if family coverage through an employer-based plan far exceeds the 9.5 percent cutoff, workers would not be eligible for the tax credits to help buy insurance for children or non-working dependents.
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