A survey shows that 2010 health law makes insurance affordable for people. This research is conducted by Baker’s institutes leading health economics experts. They also added that they cannot say anything about how much percentage will increase in next year. It is certainly rely upon the results of the people who purchased it this year.
Vivian Ho, the Baker Institute’s health economics chair and a Rice University economics professor, gave a presentation to around 200 people in which he said that 85 percent people who bought treatment under the health insurance are qualified for subsidies The total number of buyers of this health insurance is 8 million. Approximately 733,500 people of Texas purchased market place coverage.
Most of the people are buying insurance from the market place because it gives them a tax credit which makes their health insurance quite cheaper. On the other hand, when the subsidy is added to their health insurance it makes it $82 more expensive as compare to the market one. Therefore, it is extremely essential to ban these tax credits.
A research has proved that this health insurance policy helps in the decrease of uninsured rate of country which was 18 percent previous year and now it is 15.9 percent only in the first quarter.
A recent study is published in New England Journal of Medicine confirmed that 10 million people around the country signed up for this coverage.