Healthcare reform

IRS rejects more generous PPACA tax credit

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. However, 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.

Insurers face jumbled market with health exchange rules

Rules for the six state insurance exchanges that won conditional approval from the Obama administration Dec. 10 are split evenly between those with strict criteria for companies that want to participate and states that have opened their exchanges to all comers, a scenario supported by the insurance industry. A high bar for inclusion could limit the number of insurers offering health plans in some states.

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