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More than 130,000 Sacramento-area residents could pay their health insurance costs with federal subsidies. ... for individuals who earned more than four times the poverty level, Wright said, and ...
California was the first state in the U.S. to set up a health insurance marketplace. [1] [2] The California Health Benefit Exchange was created in September 2010 when then-Governor Arnold Schwarzenegger signed Assembly Bill 1602, (the "California Patient Protection and Affordable Care Act"), [3] by Assembly Speaker John Perez, and Senate Bill ...
The primary reason for the 6.5 million (24%) increase in uninsured from 2016 to 2029 is the repeal of the ACA individual mandate to have health insurance, enacted as part of the Trump tax cuts, with people not obtaining comprehensive insurance in the absence of a mandate or due to higher insurance costs.
Under the individual mandate provision (sometimes called a "shared responsibility requirement" or "mandatory minimum coverage requirement"), [40] individuals who are not covered by an acceptable health insurance policy will be charged an annual tax penalty of $95, or up to 1% of income over the filing minimum, [41] whichever is greater; this ...
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