"About 3.2 million of them are eligible for income-based federal subsidies to help them buy policies."8:42 p.m. EDT, September 17, 2013
Roughly half of uninsured Floridians should be able to buy health insurance coverage for about $100 a month when they start signing up for Obamacare next month, a new federal report says.
There are an estimated 3.5 million uninsured Floridians, and most of them will be required to buy coverage through the federal health-insurance marketplace created by the Affordable Care Act, known as Obamacare. About 3.2 million of them are eligible for income-based federal subsidies to help them buy policies.
Failure to purchase insurance will result in a first-year tax of $95, which will go up in later years. The marketplace opens Oct. 1, and people must enroll in a health insurance plan by Dec. 15 to be eligible for coverage by the Jan. 1 deadline.
The HHS report projects that in the 26 states (including Florida) that do not plan to expand their Medicaid programs, approximately 35 percent of the currently uninsured residents should be able to buy a Silver plan for $100 or less a month, and another 18 percent would be able to get a Bronze plan for that amount.
How much are these subsidies costing the taxpayer?