Qualified consumers receive $10B in premium subsidies

Consumers have qualified for nearly $10 billion in subsidies to help them purchase private health insurance through the Affordable Care Act, finds a new study from the Kaiser Family Foundation. As of March 1, 3.5 million of exchange enrollees who qualified would receive an average of $2,890 in tax credits. If all states had been able to enroll people at the rates of the five most successful states--Washington, Rhode Island, Connecticut, California and Vermont--another 3.1 billion people would have qualified for an additional $8.6 billion in premium subsidies, according to the study. The average subsidy per enrollee depends on the state. States with lower-income residents and older enrollees experience higher average subsidies. A surge in enrollment could boost premium subsidies significantly. Article

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