Posts Tagged ‘health care reform’

Little Known Facts About the Affordable Care Act

In Politics on August 4, 2011 at 4:23 pm

While there has been plenty of media coverage about the backlash against the Affordable Care Act (aka “Obamacare”), what hasn’t been communicated to the American public are the many provisions that will likely be met with popular support. According to a recent Kasier Health Tracking Poll, public opinion is divided, with “42 percent of Americans holding a favorable view and 43 percent an unfavorable view” of the Affordable Care Act.  Kaiser also notes that while consumer protection provisions were initially popular, recent polling shows that “just one in five Americans think the law will lead to improvements in consumer protections for the average person with health insurance.”

I did some research on the Act and was surprised by how many provisions I was unfamiliar with. So here, to educate myself and my readers, is the first in a series of little known facts about the Affordable Care Act.

FACT:  The Federal Government will subsidize the purchase of health insurance for many individuals and families who won’t be covered by an employer. Effective 2014, the government will subsidize the cost of health insurance for low and moderate income individuals/families who must purchase health insurance. Tax credits will support folks who are at 400% of the federal poverty level– which is $43,320 for an individual or $88,200 for a family of four in 2009. Source: Henry J. Kaiser Family Foundation Health Reform Source.Will you be eligible for a subsidy? Check out this nifty subsidy calculator.