As unemployment continues to
skyrocket due to COVID-19, a new analysis shows that more than 20 million
people losing job-based insurance could get a tax credit on the Affordable Care
Act’s insurance exchanges.
But nearly 6 million people will not
be eligible for such credits and must pay the full cost of coverage, according
to the analysis from the Kaiser Family Foundation released Wednesday.
A Kaiser Family Foundation analysis found that
more than 20 million people who are losing employer-sponsored health coverage
after losing their jobs could qualify for tax credits under the Affordable Care
Act. Over 8 million could get an ACA plan through a marketplace and 12.7
million could get their plans via Medicaid, according to the analysis, based on
unemployment claims filed March 1 to May 2.
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