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Premium hikes will impact 8.4M Americans — 4 key notes

HHS data shows premium hikes will impact nearly 8.4 million Americans, despite President Barack Obama saying only a "handful of people" will feel the hikes' impact, according to The Wall Street Journal.

Here are four key notes:

1. Those who use Healthcare.gov and meet certain income eligibility requirements can apply for tax credits, but many consumers will feel the weight of the premium hikes, WSJ reports.

2. ACA opponents say the huge premium hikes are indicative of the health law's failures, and many are using this point to as their campaign platforms. Supporters of the ACA argue tax credits help almost 10 million Americans who use Healthcare.gov to obtain health insurance.

3. In 2015, nearly 85 percent of Americans who utilized HealthCare.gov qualified for some financial help towards premiums.

4. For the nearly 8.4 million not obtaining tax credits, many were not eligible for credits because their incomes are higher than four times the federal poverty level. Others may not use Healthcare.gov to buy coverage, and therefore do not apply for tax credits.

More articles on coding & billing:
Medicare to cover diabetes prevention efforts for at-risk Americans — 5 notes
CMS final rule increases ASC pay 1.9% in 2017: 5 things to know
3 key points on ASCs, payer consolidation and high-deductible health plans

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