Reuters: Millions to be priced out of health insurance under Obamacare as a result of IRS rulings

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    Mar 29, 2013 4:17 AM GMT
    http://www.reuters.com/article/2013/03/26/us-usa-healthcare-taxes-idUSBRE92P17620130326

    The tax credits are geared toward low and middle-income Americans who do not have access to affordable health insurance coverage through an employer. The law specifies that employer-sponsored insurance is affordable so long as a worker's share of the premium does not exceed 9.5 percent of the worker's household income.

    In its rule making, or final interpretation of the law, the IRS said affordability should be based strictly on individual coverage costs, however.

    That means that, even if family coverage through an employer-based plan far exceeds the 9.5 percent cutoff, workers would not be eligible for the tax credits to help buy insurance for children or non-working dependents.

    "It's an issue. It needs to be fixed," Ron Pollack, executive director of Families USA, an influential healthcare advocacy group said on Tuesday, referring to what he called "the family glitch problem."
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    Mar 29, 2013 7:48 PM GMT
    CNN asks: Were Americans Misled About The Cost Of ObamaCare?