National healthcare organization Families USA estimated Tuesday that 803,000 Georgians will be eligible for healthcare tax subsidies under the Affordable Care Act.
The federal government will offer insurance premiums help to low and middle income families and individuals. According to Families USA, an individual who makes less than $45,960 per year will qualify. Families of four with an annual income of less than $94,200 would also be eligible.
“This is a big deal,” asserted Ron Pollack, Executive Director of Families USA. “This can make all the difference in the world in terms of whether the premiums are affordable or not.”
Families USA commissioned The Lewin Group to draft a report about the subsidies. That group estimated 25.7 million people in the United States will qualify for some level of tax subsidy in 2014.
But Dean Clancy, the Vice President of Public Policy for the conservative group Freedom Works, says the Affordable Care Act will not make healthcare more affordable for everyone.
“Nothing comes for free,” Clancy explained. “Some people may get cheaper coverage, but I think most Georgians will find over time that their health care costs go up as a result of the Affordable Care Act because the government takeover of healthcare has imposed mandates and price controls that will inevitably lead to higher premiums and in fact, we’ve already seen that.”
The tax subsidies will begin January 1, 2014.