Health Insurance Subsidies


Nearly 3 Million Californians Will Be Eligible for Obamacare Tax Credits, Study Says

By Stephanie O’Neill, KPCC

(Vic: Flickr)

(Vic: Flickr)

Federal tax credits designed to make health insurance more affordable, starting next year, will help nearly 3 million Californians buy health insurance, according to a study issued Tuesday.

The report commissioned by Families USA — a supporter of President Obama’s health care reforms — says that more than 85 percent of all Californians who qualify for the federal tax credits live in families with at least one full- or part-time worker who doesn’t receive employer-sponsored health insurance.

It also finds that 52 percent of Californians expected to qualify for the sliding-scale tax credits will come from middle-class families who earn up to $95,000 a year. Continue reading