What percentage of enrollees with incomes between 133 and 400 percent of the federal poverty level receive subsidies under the Affordable Care Act?

Prepare for the HFMA Business of Health Care Test. Study with flashcards and multiple choice questions, each question offers hints and explanations to boost your confidence. Ace your exam!

The correct answer reflects the significant percentage of enrollees within the income range of 133 to 400 percent of the federal poverty level who qualify for financial assistance. This subsidy is crucial as it helps lower the cost of premiums for those who might otherwise struggle to afford health insurance coverage.

Under the Affordable Care Act (ACA), individuals and families within this income bracket are eligible for premium tax credits, which can provide substantial financial relief. The percentage of 85 percent indicates a strong reliance on subsidies among this demographic, showcasing the effectiveness of the ACA in making health insurance more accessible to a larger proportion of the population.

Understanding this aspect of the ACA is essential for appreciating how it has transformed the health insurance landscape, notably helping to cover the gap for those who earn too much to qualify for Medicaid but still face challenges in affording private insurance premiums.

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