Posted on 06/25/2014 4:19:56 PM PDT by Oldeconomybuyer
Nearly 275,000 New Yorkers were eiligible for more than $700 million in federal tax credits to help them pay for health insurance, according to a new report from the state Department of Health.
That's roughly $2,500 per person, and demonstrates how expensive health care coverage can be in New York even after the Affordable Care Act reduced rates on the individual market.
Wednesday's report is the fullest picture yet of exactly who enrolled in the state's health insurance exchange created by the Affordable Care Act.
Most New Yorkers were eligible for a federal subsidy that helped them defray the cost of their insurance. The average subsidy was $215 per month, meaning that the 273,888 New Yorkers eligible for a subsidy to purchase a private insurance plan will receive an estimated $706 million in annual federal tax credits.
(Excerpt) Read more at capitalnewyork.com ...
http://www.capitalnewyork.com/sites/default/files/report.doc
“That’s roughly $2,500 per person, and demonstrates how expensive health care coverage can be in New York even after the Affordable Care Act reduced rates on the individual market. “
Reduced rates? Surely they jest. The plans are garbage.
Those are tax credits that the rest of us have to make up with our taxes. FU Obamacare!
I haven’t received a thank you from any of those million people for subsidizing their health care. My rates went up $400 per month to pay for them....
Keep in mind those subsidies are going directly from the Federal treasury to health insurance companies in the form of cash payment.
That’s not “tax credits”, that is real cash money leaving the Treasury and headed going to private industry.
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