Biden proposes tax credit fix to Affordable Care Act ‘family glitch’ affecting 5 million people

Posted on AllSides April 5th, 2022
From The Left
Healthcare, ACA, Obamacare, Biden Administration
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President Joe Biden aims to expand access to health care by proposing changes to the Affordable Care Act that would make more people eligible for premium tax credits to buy ACA marketplace plans.

The Treasury Department proposal would allow families to receive tax credits if their coverage costs exceed more than 10 percent of their incomes, a senior administration official told reporters.

The change, scheduled to take effect in January, would allow 200,000 uninsured people to gain coverage and lower premiums for a million others, the official said.

“We think it’s the most...

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https://www.nbcnews.com/politics/white-house/biden-proposes-tax-credit-fix-affordable-care-act-family-glitch-affect-rcna22946

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