MILLIONS QUALIFY FOR OBAMACARE SUBSIDIES BUT CHOOSE PRIVATE HEALTH CARE

Posted on November 29, 2016

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FB: “Two and a half million Americans qualified for Obamacare subsidies but decided to forego the exchanges and pay more for private health insurance, according to a report from the Department of Health and Human Services.”

Estimates show that between five and nine million Americans purchase coverage through the individual market instead of the Obamacare marketplace. The HHS report estimated that 6.9 million individuals currently purchase health insurance in the individual market.
Of those 6.9 million Americans, 2.5 million could qualify for tax credits to lower the cost of their health care coverage. Additionally, 1.1 million are eligible for help with deductibles and out-of-pocket costs.
“The 2.5 million consumers with incomes that could qualify them for tax credits represent about 36 percent of all off-Marketplace consumers or nearly half of the 5.1 million off-Marketplace consumers with income above 138 percent of poverty who are eligible to enroll in Marketplace qualified health plans,” the report stated
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Private plans are more expensive but they provide customers with what they want, insurance based upon their choices. The people want to choose deductibles, doctors, and where they see them.

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Free Beacon: 2.5 Million Americans Qualify for Obamacare Tax Credits But Still Buy Private Insurance

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Posted in: News, Politics