According to a new Kaiser Family Foundation study, 17 million people who are currently uninsured or buy their own health insurance will be eligible for tax credits to help purchase health coverage. More than a third of those eligible reside in either California, Texas or Florida. These three states also have the highest numbers of uninsured residents and the largest amount of people eligible for tax credits.
A different study from the McKinsey Center for U.S. Health System Reform found that six to seven million people may be eligible to use their federal subsidies to cover the entire premium of the lowest priced plan (the bronze plan). Although bronze plans are the least expensive, they require the most out-of-pocket costs.
The Kaiser Family Foundation study estimates that approximately 29 million people may be able to buy coverage on the exchanges. The amount of tax credit each person receives depends on certain factors such as their family income.
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