Most of those eligible for health insurance subsidies under the Affordable Care Act are failing to claim them.
Researchers with the Robert Wood Johnson Foundation and the Urban Institute estimated that more than 24 million people were eligible for ObamaCare tax credits last year. By March, only 41 percent of them had selected a plan on a government insurance exchange.
By June, the study said, just 35 percent of them had actually enrolled.
Researchers said many of those eligible were unaware of the benefits.
In many case, those eligible for tax credits may have purchased insurance without applying for them, and are unnecessarily bearing costs the government is willing to pay.
The study also found those receiving less financial help from the government were less inclined to purchase insurance on the exchanges because they found coverage too expensive.
The researchers said consumers are faced with higher premiums, higher deductibles, and narrow networks. And for single adults earning more than $47,000 annually, or about $100,000 for a family of four, there are no tax credits.
With government subsidies, most consumers can find plans for less than $100 a month, that’s according to the administration. ObamaCare supporters said the law offers better coverage and its primary goal is to reduce the number of uninsured.