By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    physical health
    5 Ways Playing Games Can Improve Neural and Physical Health
    September 9, 2022
    Reasons For Hair Loss and Its Treatment
    Reasons For Hair Loss and Its Treatment
    February 16, 2022
    healthcare organization
    5 Actionable Strategies For Healthcare Organizations
    August 15, 2022
    Latest News
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
    The Wide-Ranging Benefits of Magnesium Supplements
    June 11, 2025
    The Best Home Remedies for Migraines
    June 5, 2025
    The Hidden Impact Of Stress On Your Body’s Alignment And Balance
    May 22, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    What Would You Do?
    January 28, 2013
    How Martin Shkreli is driving down drug prices
    May 24, 2017
    Here’s How The Body Deals With Pain – And How You Can Treat Yours
    December 31, 2018
    Latest News
    Let Your Lawyer Handle the Work Before You Pay Medical Costs
    July 6, 2025
    Top HIPAA-Compliant Messaging Apps for Healthcare Teams
    June 25, 2025
    When Healthcare Ends, the Legal Process Begins: What Families Should Know About Probate and Medical Estates
    June 20, 2025
    Preventing Contamination In Healthcare Facilities Starts With Hygiene
    June 15, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Almost Anyone Can Claim ObamaCare Tax Credits
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Finance > Almost Anyone Can Claim ObamaCare Tax Credits
BusinessFinanceHealth ReformPolicy & LawPublic Health

Almost Anyone Can Claim ObamaCare Tax Credits

John Graham
John Graham
Share
4 Min Read
obamacare tax credits
SHARE

What to make of the Center for Medicare & Medicaid Services’ notice that it will pay out retroactive ObamaCare premium tax credits and cost-reducing subsidies to people who have not yet signed up for ObamaCare?

What to make of the Center for Medicare & Medicaid Services’ notice that it will pay out retroactive ObamaCare premium tax credits and cost-reducing subsidies to people who have not yet signed up for ObamaCare?

obamacare tax creditsThe media have reported that these payments will be dished out to people who bought qualifying health insurance outside an ObamaCare exchange because the exchanges have not been working. According to the New York Times, the new policy is a result of the heroic lobbying of Oregon Governor John Kitzhaber, whose exchange has failed to enroll almost anybody. According to Professor Sara Rosenbaum of George Washington University Law School: “People could have gone to court to obtain benefits denied without due process of law, because of a breakdown in government eligibility systems, and a judge would probably have ordered retroactive relief. The federal government is voluntarily providing equitable relief that a court would have given.”

Well, maybe. But this new executive amendment to ObamaCare does far more than give out subsidies to people who had to buy health insurance off-exchange because the exchanges crashed on take-off. According to the notice:

More Read

Improving Healthcare Services And Management Through Tech Integration
Examining the Harm Done by Sarah Palin’s “Death Panel” Rhetoric
Hardball Questions to Ask BEFORE Selecting a Marketing Partner
5 Serious Health Risks of Sleep Apnea
4 Ways Health Care Is Different from Other Industries

First, if an individual…has not been enrolled in any health coverage continuously since January 1, 2014…before a successful eligibility determination is obtained, when he or she receives a determination of eligibility for coverage through the Marketplace and enrolls in a QHP through the Marketplace, the Marketplace may allow for coverage retroactive to the date, established by the Marketplace (emphasis mine), on which coverage would have been effective…For instance, the Marketplace may (emphasis mine) establish an effective enrollment date based on the date that the individual originally submitted an application for coverage to the Marketplace. The individual will be treated for all purposes as having been enrolled in the QHP since the effective enrollment date.

Note that an ObamaCare exchange (“Marketplace”) has the power to decide the effective date. The exchange may decide that the effective date is the date the enrollee first surfed the website. But there is nothing in the notice that would prevent an exchange from establishing January 1 as the effective date for any enrollee.

Combined with the other part of the notice, i.e., that people who bought individual insurance outside the ObamaCare exchanges will receive subsidies as if they had enrolled in the exchanges, I believe we have two takeaways from this latest twist to ObamaCare:

  1. The Administration is so far behind enrollment goals that it feels the need to tell people who have not enrolled that they will not suffer financially.
  2. The biggest winners are the so-called web-based entities, such as e-Health, Inc., which have been lobbying state-based exchanges to allow them to enroll people. The new rule effectively erases the difference between enrolling in an exchange and enrolling via a web-based broker. (At time of writing, eHealth (NASDAQ:EHTH) stock was up 1.10 percent on the day, versus a 0.72 percent drop in the NASDAQ Index.)
(tax credits for Obamacare / shutterstock)
TAGGED:tax credits
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

9 Lifestyle Tweaks That Can Add Years to Your Life
9 Healthcare Lifestyle Tweaks That can Add Years to Your Life
lifestyle
July 11, 2025
car accident lawsuit
Let Your Lawyer Handle the Work Before You Pay Medical Costs
Policy & Law
July 6, 2025
women dental care
What Is a Smile Makeover and How Much Does It Cost?
Dental health
June 30, 2025
HIPAA-Compliant Messaging Apps
Top HIPAA-Compliant Messaging Apps for Healthcare Teams
Global Healthcare Policy & Law Technology
June 25, 2025

You Might also Like

pay for performance
Health ReformHospital AdministrationPolicy & LawPublic Health

Does Pay for Performance Measure Medical Quality?

June 5, 2014
BusinesseHealthHospital AdministrationMobile HealthSocial Media

Social Media and Healthcare: Creating a Healthy Relationship

June 24, 2015
medicare data release
BusinessFinanceHealth ReformHospital AdministrationPolicy & LawPublic Health

Medicare’s Data Release Places More Power in Hands of Informed Medical Consumers

May 9, 2013

11 Healthy ways to put your body into shape

July 5, 2018
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?