Rockefeller, Brown push healthcare tax credit

{mosads}“This is about standing up for hardworking Americans who lost their jobs due to no fault of their own,” Brown said in a statement. “The HCTC ensures that the loss of a job doesn’t mean the loss of all health coverage for workers who have lost their jobs due to unfair foreign trade.”

According to the recent GAO report, about 70 percent of people who now receive the HCTC would receive less generous coverage if the credit expires. They would either be ineligible for Medicaid or subsidized private coverage, or their subsidy for private insurance wouldn’t cover as much of their costs as the HCTC.

About 23 percent will be eligible for subsidies under the Affordable Care Act that are more generous than the HCTC, GAO found.

“The HCTC is so important because it helps workers who lose their jobs due to outsourcing access affordable health coverage for themselves and their families,” Rockefeller said in a statement.