The Biden Administration’s proposed fix to an Obamacare (ACA) “glitch” made headlines this week.
What’s this about?
Central to The ACA are generous health insurance premium subsidies available to individuals who are not offered “affordable” coverage through an
employer-sponsored group plan; i.e., the employee’s cost for single (only) coverage would not exceed (in 2022) 9.61% of household income.
Large employers bend over backwards to meet the single premium affordability test (in order to avoid penalties), but the ACA did
not provide an affordability test for family coverage.
Therefore, it’s not unusual for some employers to pay 95-100% of the premium for their employees and much less for dependents. (Maybe even
nothing!)
Read more HERE and if you do, note this “glitch” was by design. (Does that meet the definition of an oxymoron?)
Families would definitely benefit from this fix. Relative to other government spending and in this inflationary environment, one might expect only
token opposition.
But what if the calculations for the employer mandate are also expanded?
You know what they say about “details.”
“Slava Ukraini!