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GAO Report: Early Evidence Finds Premium Tax Credit Likely Contributed to Expanded Coverage, But Some Lack Access to Affordable Private Health Insurance
U.S. Government Accountability Office [GAO] Mar. 23, 2015
63 pages. "[The ACA] mandated that GAO review the affordability of health insurance coverage.... Early evidence suggests that the advance premium tax credit (APTC) -- the refundable tax credit that can be paid on an advance basis -- likely contributed to an expansion of health insurance coverage in 2014 because it significantly reduced the cost of exchange plans' premiums for those eligible. Although there are limitations to measuring the effects of the APTC using currently available data, surveys GAO identified estimated that the uninsured rate declined significantly among households with incomes eligible for the APTC." [GAO-15-312, Mar. 23, 2015]
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