House Democrats’ COVID-19 relief bill includes 2-year boost to ObamaCare subsidies

House Democrats’ coronavirus relief legislation released Monday would increase the Affordable Care Act’s (ACA) financial assistance for two years, providing greater help for enrollees’ to afford their premiums.  The measure, one provision in a sweeping COVID-19 relief package, would increase obamacare subsidies so that enrollees would have to pay no more than 8.5 percent of their income in health insurance premiums, down from a maximum cap of about 10 percent of income currently.  The coronavirus relief bill would also subsidize COBRA coverage, which allows people who lose their jobs to stay on their previous employer’s health coverage. The measure would subsidize 85 percent of the cost of the coverage.  Read more.