What did Henry Aaron mean? (A bleg)

In a NEJM paper this week , Henry Aaron wrote,

The ACA’s subsidies fully protect people receiving them through 2017 against growth of health insurance costs beyond specified fractions of income; thereafter, they provide partial protection against premium growth.

I either didn’t know this or forgot it. But now I can’t seem to find in the law or anywhere what, exactly, happens to subsidies after 2017. I thought they were tied to the cost of the second lease expensive “silver” rated plan. But then what? Anybody know and have a reference?

 

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Austin Frakt

Austin Frakt, PhD, is co-Editor-in-Chief of The Incidental Economist and tweets at @afrakt. His day job is Director of the Partnered Evidence-based Policy Resource Center at the Boston VA Healthcare System, U.S. Department of Veterans Affairs. He is also a Professor with the Department of Health Law, Policy and Management at the Boston University’s School of Public Health, a Principal Research Scientist with the Department of Health Policy and Management at the Harvard T.H. Chan School of Public Health, and Editor-in-Chief of the journal Health Services Research.

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