Reversing course, the White House protects an Obamacare subsidy from sequester cuts

The Washington Post, March 14, 2014
The Obama administration is shielding from the sequester an Obamacare subsidy program helping low-income people with out-of-pocket insurance costs. The cost-sharing subsidies differ from the better-known federal subsidies helping people to afford premium payments. These cost-sharing subsidies are only available to people earning less than 250 percent of the federal poverty level (about $29,000 for a single person, or $59,600 for a family of four) who purchase silver-level plans on Obamacare exchanges. In silver plans, insurers cover about 70 percent of health care costs. The cost-sharing reductions are automatically applied to the plans to help with out-of-pocket costs, so people purchasing them might not even notice they're getting the subsidy.

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