Obamacare subsidies News

How Much Do U.S. Health Insurance Tax Breaks and Subsidies Cost?

U.S. taxpayers will fork over $660 billion this year to subsidize health insurance for people under 65, the vast majority of whom have coverage through their employers, the Congressional Budget Office said on Thursday. In its most comprehensive report on …

Obamacare Exchanges Enrolled Estimated 12 Million This Year

About 12 million people will be covered through Obamacare’s insurance marketplaces this year, the Congressional Budget Office said Thursday in a new estimate, a sign of the government’s continuing difficulties in getting people signed up for insurance under the 2010 …

Affordable Care Act Marketplaces Enroll 9.9 Million

About 9.9 million people got health insurance coverage through the marketplaces set up by the Patient Protection and Affordable Care Act as of June 30, a decline from earlier in the year though still higher than the Obama administration’s target. …

Obamacare Tax Subsidy Recipients in Northeast Express Relief

The U.S. Supreme Court on Thursday upheld the tax subsidies for health insureds across the country including those in states without their own health exchanges that use the federal health insurance exchange. The following are some of the reactions from …

Penn. Withdraws Its Healthcare Marketplace Plan After Supreme Court Ruling

Pennsylvania Gov. Tom Wolf’s administration said Thursday that it will withdraw its application to take over some functions of the insurance marketplace created under the 2010 federal health care law now that the U.S. Supreme Court has upheld the law’s …

Supreme Court Opinion To Have No Effect on Health Insurers: S&P

Today’s Supreme Court opinion upholding current tax subsidies under the Affordable Care Act (ACA) will not have any impact on rated U.S. not-for-profit and for-profit health insurance firms since it continues the current operating environment, according to a leading rating …

Penn. Healthcare Marketplace Plan Strictly a Contingency: Gov.’s Office

Pennsylvania Gov. Tom Wolf’s administration will pull the plug on its effort to start running the insurance marketplace created by the 2010 health care law if the U.S. Supreme Court allows federal health insurance subsidies to keep flowing to hundreds …

No Clear Rescue Plan If Supreme Court Ends Obamacare Subsidies

Millions of Americans could lose their insurance if the U.S. Supreme Court rules against President Barack Obama on his healthcare law. And with the decision due in the next two weeks, the government has no backup plan. The court will …

President Obama ‘Optimistic’ Court Will Uphold Health Insurance Subsidies

The U.S. Supreme Court probably shouldn’t have accepted a lawsuit challenging Obamacare’s health insurance subsidies, President Barack Obama said, calling it an “easy case.” “Frankly it probably shouldn’t have even been taken up,” Obama said Monday at a news conference …

Some Insurers Seeking 10-20% Rate Hikes on Obamacare Businesss

U.S. health insurers are submitting their 2016 rate requests for Affordable Care Act policies, with some asking for big increases as they adjust to customers who’ve recently gained coverage through the marketplaces. Many of the requests, which span hundreds of …