Sixty thousand of Georgia’s nearly 10 million residents will see the cost of their healthcare coverage increase under the Affordable Care Act. That’s according to a report released Thursday by the liberal healthcare consumer watchdog Families USA. Families USA says 0. 6 percent of Georgians will have their health coverage terminated because it doesn’t meet the new standards of the Affordable Care Act.
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.
A new Families USA report says 800,000 Georgians can get a tax break when they buy a health insurance plan through new health care exchanges. The amount is determined by income and the cost of the premiums.
Medicaid spending is one of the areas targeted in negotiations over reducing the federal budget deficit. Health care advocacy group Families USA says a 5 percent reduction in Medicaid funding could put $670 million in economic activity and 5,800 jobs at risk in Georgia. Georgia will spend nearly $7.5 million in federal and state money on Medicaid this fiscal year to serve roughly 1.5 million Georgians.