A shot in the arm: American Rescue Plan Act boosts health coverage affordability

A shot in the arm: American Rescue Plan Act boosts health coverage affordability

Collection:
Health Policy and Services Research
Series Title(s):
HealthWatch (United Hospital Fund of New York)
Author(s):
Newell, Peter, author
Contributor(s):
United Hospital Fund of New York, issuing body.
Publication:
[New York, NY] : United Hospital Fund, July 2021
Language(s):
English
Format:
Text
Subject(s):
Financing, Personal
Health Insurance Exchanges -- economics
Insurance Coverage -- economics
Income Tax
Poverty
New York
United States
United States.
Genre(s):
Technical Report
Abstract:
While New Yorkers lined up for their COVID-19 vaccinations, Congress and President Biden provided a major shot in the arm for the 11-year-old Affordable Care Act as part of a broad stimulus package known as the American Rescue Plan Act. After years of neglect and outright hostility toward ACA programs by Congress and the Trump administration, the ARPA deepens affordability subsidies, provides premium tax credits to higher-income individuals and families, and creates new options for New Yorkers who lost job-based health coverage or collected unemployment insurance benefits in 2021. This issue brief focuses on the larger subsidies (tax credits) available for the purchase of coverage through New York's health insurance marketplace (NY State of Health, or NYSOH), and the expansion of subsidy eligibility to households that earned too much for financial help under the original ACA standard.
Copyright:
Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY license. (More information)
Extent:
1 online resource (1 PDF file (13 pages)).
NLM Unique ID:
9918351274606676 (See catalog record)
Permanent Link:
http://resource.nlm.nih.gov/9918351274606676