Obamacare enrollees received nearly $33 billion in tax credits in 2016, Kaiser report finds
The average monthly advanced premium tax credit was $291, according to the Kaiser report, but the range was from $750 in Alaska to $178 in New York.
New state data from the Kaiser Family Foundation estimates that 9.4 million Americans who bought health plans through Affordable Care Act marketplaces will receive a total of about $32.8 billion in premium tax credits for 2016.
The average monthly advanced premium tax credit is $291, according to the Kaiser report, but the range was from $750 in Alaska to $178 in New York.
Kaiser released data on the total amount of tax credits received in each state for 2016, based on the average tax credit per person and the number of ACA marketplace enrollees receiving tax credits as of March 31.
[Also: Obamacare enrollment tops 2.1 million]
Under the Affordable Care Act, people with low or moderate incomes are eligible for tax credits that reduce monthly payments for insurance plans purchased through the marketplaces.
A repeal of the health law could eliminate these subsidies. An estimated 20 million Americans have health insurance coverage under the ACA.
President-elect Donald Trump has said he make repeal of the law among his first priorities. GOP leaders have suggested that a vote on repeal could take place in 2017, but that it would not become effective for three years to give them time to offer a replacement plan, according to Politico.
[Also: Healthcare industry anxious over Obamacare repeal, replacement as details are vague]
Americans are divided about the ACA, according to a Kaiser health tracking poll released on December 1.
One fourth, or 26 percent of Americans want a repeal of the entire law, and an additional 17 percent want to see it scaled back. This compares to 30 percent of the public who want to see the law expanded and 19 percent who want the ACA to remain status quo, according to the Kaiser survey.
Twitter: @SusanJMorse
