Is that possible? I'm in favour of a health care reform, but my MIL is commenting that there will be people who can't afford to feed their kids because health insurance will be a new cost they can't afford. Will that actually be the case? I'm trying to find info on if that's a viable situation, or something to disclaim it, but if someone else has an answer for me that would be swell too.
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The above answer makes it look like the subsidy and the tax credit are two separate things when in reality the subsidy is the tax credit. How it will work is you'll be required to purchase a policy starting in 2014. You will pay for the policy during the year. When you file your 2014 taxes you will receive the subsidy as a tax credit, which for most people will result in a higher refund. So, MIL is partially right in that you must first fork over the cash for a year, then you'll get you subsidy.
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