Obamacare subsidies likely expanded insurance coverage: report

March 23, 2015 10:18 PM

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Obamacare subsidies likely expanded insurance coverage: report

WASHINGTON (Reuters) - Early evidence suggests that the tax credit subsidies at the core of President Barack Obama's healthcare reform law likely helped expand U.S. health insurance coverage last year, Congress's non-partisan research arm said on Monday.

The subsidies - which can be paid by the federal government to insurers in advance to lower monthly insurance premiums - significantly reduced the premium costs, the Government Accountability Office (GAO) said in a report.

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