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ACA for a family of four--deductibles and premiums averages 25K a year.....why don't more people sign up for Obama's best effort to provide insurance for the masses?
ACA for a family of four--deductibles and premiums averages 25K a year.....why don't more people sign up for Obama's best effort to provide insurance for the masses?
87% of healthcare.gov applicants qualify for subsidies, so don't pay that premium.
When making observations about why people do or don't sign up, wouldn't it make more sense to look at what they actually pay when subsidies are applied, since subsidies are one of the basic tenets of ACA to make it affordable to the masses?
Under Obamacare, someone earning $60,000 pays $900 a month for the same policy that the $35,000 earner pays $80 a month. That was a big part of the problem: that in the Democrats’ fervor to practically give away the store to lower earners, they had to shift the costs to the middle earners. The only way to resolve it is to make the lower income pay more of their premium so the middle earner can afford insurance too, but Democrats would vote that down. Their sole interest is the lower earner.
I can tell you have no clue what you are talking about regarding ACA premiums. $900 is the current premium for a lower priced Platinum plan, which has no deductible and a $2K maximum out of pocket.
Someone making $35K would be qualifying for a subsidy (Advance Premium Tax Credit) if they are in a household of one, and there is no way they would be receiving an $820 subsidy to lower that $900 to $80. It's mathematically impossible, because 9.86% of the total household income subtracted from the 2nd lowest cost Silver level plan available to the applicant is how they calculate the amount of the tax credit. That's assuming that percentage is lower than the Silver plan premium; if it's higher, the APTC ends up being $0.
They're more likely to enroll into a Bronze or Silver plan, which have lower premiums than Platinum or Gold, but the deductible and max OOP are both going to be higher.
Last edited by ContraPagan; 06-30-2020 at 06:32 PM..
"A good argument for national health care, like all of the other advanced nations."
Looks like you didn't read this post:
"[quote=Mircea;58509756]Let us examine those bright shining examples.
COVID-19 deaths per Million...
USA: 388 - Private
Britain: 642 - Government-run. NHS is broke and Brits are holding fund-raising events to raise money.
Spain: 606 - Government-run. Spain spent less than the true cost of healthcare
Italy: 575 - Government-funded. Italy spent less than the true cost of healthcare
France: 456 - Government-funded.
Sweden: 523 - Government-run.
Belgium: 840 - Government-funded. Belgium spent less than the true cost of healthcare.
I can't even by a policy that's equivalent to a group plan as an individual. So fair, so equal. A lot few people have ins through their employer than they have in the past so the HAVE'S are protecting what's theirs and the HAVE NOTS are paying way more for way less.
Do you think it's right and good to handcuff people to a specific job forever because it's probably the only way they can keep their coverage? I don't.
"Do you think it's right and good to handcuff people to a specific job forever because it's probably the only way they can keep their coverage"
If you graduate from high school with decent grades you have much better chance of getting a job that DOES provide health insurance from it's employees.
"and good to handcuff people" I've had several jobs in my lifetime and ALL provided health care insurance and was NEVER "handcuffed" by one employer.
Maybe your problem is, you aren't qualified to be hired by a company that provides health care insurance to ts employees.
What about the millions who no longer have employer-provided health coverage because they are now unemployed?
They do what millions have done in the past - buy their own.
I was unemployed a year ago, long before the shut down, and long before unemployment paid a whopping $600 extra week.
I was just as unemployed as those during the shut down, but I managed to find gap health insurance during that time that was affordable, before I found a job that offered benefits. I paid for it with the unemployment pay I received, which was stretched by watching my pennies.
That extra $2400 a month, not to mention the stimulus money that was paid out, would go along way towards funding health insurance privately.
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