Forbes August 7, 2022
The U.S. Senate’s passage of the Inflation Reduction Act Sunday extends subsidies for millions of Americans who buy individual coverage under the Affordable Care Act known as Obamacare.
These subsidies, which had been temporary since the passage of the American Rescue Plan Act last year, increased the financial assistance to those already eligible to buy health insurance under the ACA and also expanded such subsidies to even more largely middle class Americans who “were previously priced out of coverage,” a Kaiser Family Foundation analysis shows.
This bill will “save millions of people an average of $800 a year on health insurance premiums,” said Chiquita Brooks-LaSure, Administrator of the Centers for Medicare & Medicaid Services. President Joe Biden is expected to...
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