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GAO Report Says Proposed IRS Rule May Leave Some Children Ineligible For Subsidies
Kaiser Health News
July 25, 2012 "While most uninsured children will qualify for coverage under the federal health law, a small percentage -- 6.6 percent of the total, or at least 460,000 -- may be shut out because of how the government proposes to define 'affordable' coverage, says a report from the [GAO]. The proposed Treasury Department rule says workers and their families are ineligible for federal subsidies for coverage if an employer offers them affordable coverage at work. An employer's offer is considered affordable if the worker's share is less than 9.5 percent of household income. But the rule bases affordability on what a worker would have to pay to cover himself or herself, not on the cost of covering the entire family, which is generally higher." MORE >> |
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