What does “subsidize” mean?

July 23, 2014 / Kathleen Mills /

Subsidize is in reference to decreased expense allocations given to the individual (by the IRS) due to some hardship involved. The subsidy is PAID by the other taxpayers via the increase of their premiums. This is how Obamacare works; a huge increase of insurance premiums to help cover the Medicaid Expansion population and the exempt groups that we discussed in another post.

Information about the Patient Protection and Affordable Care Act can be found here:

http://housedocs.house.gov/energycommerce/ppacacon.pdf.

 

“The thoughts and opinions expressed in this article are not to be taken as legal advice. The ACA changes on a daily basis and the material covered is a reflection of the author’s research into the bill on a given day. While every attempt is made to communicate with accuracy you should consult your lawyer or CPA for advice on how the ACA will affect you and your situation.”

 

 

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Kathleen Mills

Kathleen is a creative and gifted therapist who has extensive experience in helping children, adolescents, and adults with a variety of issues.

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