(Bloomberg) — An effort to allow looser rules for calculating whether workers will be eligible for U.S. subsidies to buy health insurance was rejected Thursday by the Internal Revenue Service.
Employees can receive government tax credits to buy insurance for their families if the coverage their employers offer would cost more than 9.5% of their income, the IRS said Wednesday in final regulations. That calculation will be based on the cost of single coverage, not family coverage, which is more expensive and would give more people access to the credits.
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