DES MOINES, Iowa (AP) — With the U.S. Supreme Court upholding tax credits for the federal Affordable Care Act more than 38,000 Iowans will be able to continue insurance coverage with government support.
Had the court struck down the tax credits those Iowans would have lost subsidies and likely would have dropped coverage.
In Iowa, more than 45,000 Iowans use the federal insurance exchange to buy health care coverage and 86 percent of them receive tax credits to help pay premiums.
Iowa is among 34 states using a federally-facilitated model that allows state officials to maintain some management of the insurance program but allows citizens to sign up using the federal government exchange.
The challenge to the law focused on whether states without their own state exchange, like Iowa, could still offer subsidies to users.
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