WASHINGTON (January 30, 2013)--Some families could be priced out of health insurance because of what's being called a glitch in President Barack Obama's overhaul law.
IRS regulations issued Wednesday disappointed liberal backers of the president's plan, who had hoped for a fix to the problem.
Starting in January, the law will provide millions of uninsured working families with subsidies to buy private insurance, but it also says that in some cases families with job-based coverage can't get those subsidies.
The problem is the way the law defined affordable.
What counts is self-only coverage offered to individual workers, not their families.
Family coverage typically costs much more, so if employers aren’t willing to chip in for premiums, some families will be out of luck, and the health care overhaul won't help them either.