As Americans get ready to elect a new leader, a decision that will be shaped at least partially by their perception of the current president's achievements, President Obama wants people to know that his signature domestic policy, the Affordable Care Act, is better than they have been led to believe.
A new study released by the Centers for Medicare and Medicaid Services says that Obamacare health plans are not nearly as expensive to individuals and families as previous studies have reported because of the subsidies that most Obamacare policyholders qualify for.
The ACA offers discounted plans based on income in two distinct ways. The first, premium tax credits, are available to individuals and families with incomes up to 400 percent of the federal poverty level. There is a second cost-sharing subsidy for those with incomes up to 250 percent of the poverty level.
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