The Advance Premium Tax Credit probably contributed to an expansion in health insurance coverage last year, but some taxpayers may still lack access to affordable health plans.
The Advance Premium Tax Credit is a refundable tax credit that can be paid on an advance basis. The new government report, issued by the Government Accountability Office on the five-year anniversary of the passage of the Affordable Care Act, found the APTC likely contributed to an expansion of health insurance coverage in 2014 because it significantly reduced the cost of exchange plans' premiums for those eligible.
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