About seven out of every eight Obamacare insurance customers who enrolled between November 15 and mid-December are poor enough to qualify for taxpayer-funded subsidies designed to lower their monthly premiums.
The Department of Health and Human Services reported that number Tuesday, saying it’s up from 80 percent a year ago.
Americans who participate in government-brokered medical insurance can get subsidies from the federal treasury if their households earn less than four times the government’s official ‘poverty’ level.
That situation describes 64 percent of all U.S. residents, according to the Kaiser Family Foundation. But far more are qualifying, suggesting that the Obamacare subscriber base is dramatically tilted toward low-income earners.
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