News from International Business Times:

More than 2 million Americans are probably paying more than they have to for health insurance and healthcare, a new analysis shows. Even though people with certain income levels qualify for government subsidies when they buy health insurance on government-run exchanges, more than a quarter are not taking advantage of the discount.

Under the Affordable Care Act, the 2010 law that overhauled the U.S. healthcare landscape, people who buy health insurance on exchanges set up by their state or the federal government can get tax credits to offset the cost of that insurance, depending on their income. The catch is that not all plans offered on the exchanges come with subsidies. Of the 8.1 million people whose incomes made them eligible for subsidies in 2015, just 5.9 million actually received them, an analysis……….. continues on International Business Times.

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