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Premium Tax Credit Could Slash Private Health Insurance Costs
HC Pro

A health insurance premium tax credit that is part of the Patient Protection and Affordable Care Act (ACA) could assist more than 28.6 million Americans in purchasing healthcare coverage—even if they have pre-existing conditions, change jobs, or experience drops in income, according to a study released Tuesday from Families USA. The value of the tax credits, slated to go into effect in 2014, is expected to be about $110.1 billion during the first year.