Thursday, April 11, 2013

ObamaFAIL: 3 million Californians could receive health insurance subsidies

April 11, 2013

This is a draft copy of the proposed 21-page application form for insurance from Medicaid, the Children's Health Insurance Program or subsidized private policies offered through a federally run insurance exchange.
Some Republicans still cling to the hope that they'll be able to repeal Obamacare someday, but a report released Wednesday by Families USA shows why it may be even harder for them to do so after Jan. 1.

The report estimates that nearly 3 million Californians could be eligible for generous insurance subsidies under the 2010 healthcare reform law, starting next year. Anyone with an income between one and four times the federal poverty line -- in other words, between $23,550 and $94,200 for a family of four -- could receive a tax credit that reduces monthly premiums dramatically.

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