President Joe Biden announced that more families would become eligible for subsidized health plans under Obamacare starting next year.

Through a Treasury Department rule, the administration will close the “family glitch” in the Affordable Care Act, also known as Obamacare. Under current law, a single person can get an affordable health plan capped at 10% of their income, but that lower rate is not extended to family members who are included in their relative’s plan. Because the law does not consider the increase in premiums for adding dependents to the policy, the cost of coverage for family members can far exceed the 10% threshold.

THE FOUR STATES PLANNING TO BECOME ‘ABORTION SANCTUARIES’ AS OTHERS PASS BANS

“It’s a common issue facing 5 million Americans who can’t get financial help to get coverage under the Affordable Care Act,” Biden said. “We’re going to change that. Once today’s proposed rule is finalized, starting next year, working families in America will get the help they need to afford full family coverage for everyone in the family.”

Biden announced the proposal at the White House alongside former President Barack Obama, the law’s biggest champion, and Vice President Kamala Harris. He maintained his objective is to build on the existing healthcare law, which was criticized during the 2020 presidential campaign by liberals in favor of a universal “Medicare for all” healthcare program.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

The Biden administration celebrated 14.5 million new enrollments in Obamacare plans for 2022, which the Department of Health and Human Services attributed to concerns about affording healthcare during the pandemic.

The White House projected that Tuesday’s executive order would give 200,000 uninsured people coverage and nearly 1 million people would see their premiums go down.

Original Location: Biden expands Obamacare subsidies to 200,000 people through ‘family glitch’ fix

Washington Examiner Videos