Obamacare Tax Credits Cut Insurance Costs In Missouri

Photo courtesy of St. Louis Business Journal
Courtesy of St. Louis Business Journal

Health insurance bought on the federal health insurance marketplace for 2014 cost buyers an average of $59 a month in Missouri, according to data from the U.S. Department of Health and Human Services.

Income tax credits for eligible buyers cut the average premium cost from $344 in Missouri, and dropped total costs by an average of 83 percent. Federal officials said 77 percent of plan purchasers in Missouri had premiums of $100 a month or less after their federal tax credits were calculated and 57 percent had monthly costs of $50 or less.

Read more from the Kansas City Star

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