People who bought plans on the government marketplace saved on average about $700 in premium payments from subsidies this year.
. It also continues reduced costs for more individuals and families who live well above the poverty line.
. The extended subsidies, which determine premium payments based on income, will guard most people from those price increases, said Cynthia Cox, a vice president at the foundation.Those who bought plans on the government marketplace saved on average about $700 in premium payments from the subsidies this year, according to estimates by the Centers for Medicare and Medicaid Services. the Department of Health and Human Services announced.
State officials predict about 220,000 people will be saved from being priced out of coverage. Between 2 million and 3 million people in California might also turn to the state marketplace if they lose coverage through Medicaid when the federal government’s COVID-19 public health emergency expires. About 15 million people in the U.S. have been extended Medicaid coverage during the pandemic.
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