Maureen GroppeUSA TODAY
WASHINGTON – A 64-year-old woman whose $58,000 income puts her out of range for subsidized health insurance through the Affordable Care Act could see her premium drop from $12,900 to $4,950 under President Joe Biden’s pandemic relief billthat passed the House on Saturday.
A 21-year-old man earning just above the poverty line could purchase a premium-free marketplace plan with a much lower deductible than he qualifies for now.
That potential boost in insurance help for millions of people would be the first significant expansion of the Affordable Care Act, also known as “Obamacare,” since its passage in 2010. The Senate takes up the $1.9 trillion COVID-19 relief package this week, and Democrats hope it could be sent to Biden’s desk for his signature as early as next week.
In addition to the insurance subsidies, the pandemic aid bill would provide checks of $1,400 to millions of Americans, ramp up vaccine distribution and extend unemployment aid through the summer.