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Data show most in NY health exchange get subsidies

Data show most in NY health exchange get subsidies

ALBANY, N.Y. (AP) — A federal report shows nearly three-fourths of those insured through New York’s new health exchange are getting financial assistance.

Applicants with incomes up to 400 percent of the federal poverty line are eligible for tax credits to help offset premium payments.

The national report Thursday of demographics for nearly 8 million people in so-called Obamacare shows 370,451 New Yorkers enrolled in the 16 nonprofit and commercial insurance plans from October through March.

They are almost evenly split by gender and span a wide age range.

Some 31 percent are between ages 18 and 34. Another 41 percent are from 35 to 54, while 25 percent are 55 to 64.

New York officials reported by mid-April 435,479 people enrolled with private insurers and 525,283 in government-funded Medicaid since the exchange started.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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