3 Million Californians Could Receive Health Insurance Subsidies

Some Republicans still cling to the hope that they'll be able to repeal Obamacare someday, but a report released Wednesday by Families USA shows why it may be even harder for them to do so after Jan. 1.

The report estimates that nearly 3 million Californians could be eligible for generous insurance subsidies under the 2010 healthcare reform law, starting next year. Anyone with an income between one and four times the federal poverty line -- in other words, between $23,550 and $94,200 for a family of four -- could receive a tax credit that reduces monthly premiums dramatically.

Ron Pollack, executive director of Families USA, said that about a third of those who may be eligible live in Los Angeles County. Statewide, the vast majority of these people are in families with at least one person working, Pollack said, adding that two-thirds are between the ages of 18 and 54. About half of the group is Latino, 30% white, 5% black and the rest Asian and other ethnicities. A little more than half have incomes at least twice the poverty level, which puts them in the middle or lower middle class.

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Source: Los Angeles Times