Obamacare’s about to get a lot more affordable

Source: Kevin Quealy & Margot Sanger-Katz, N.Y.Times (Paid Registration)

Under the stimulus bill passed by Congress this week nearly all those who buy their own insurance are eligible for a discount. The American Rescue Plan broadens the subsidies available under the Affordable Care Act for comprehensive health insurance — increasing them for people who are already eligible, and providing new assistance for people with incomes previously too high to qualify.

“What this law will do is make it so the majority of uninsured citizens are eligible for free or low-cost coverage,” said Cynthia Cox, a vice president at Kaiser.

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