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View Diary: In 400 Days the Health Insurance Cliff will Kick In. For Real. (97 comments)

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  •  Someone else (0+ / 0-)

    made the point that many government programs are based in income and if you make "too much" you can certainly loose more than the difference in income over the max.  

    Like student aid.

    What manner did you think the law should be written in?

    In other words, how would you have designed the law so that it was affordable in terms of the loss in tax revenue?

    Also, one last comment - Kaiser is hardly a neutral third party.  They might be right on this but they have been biased in the past.

    From www.healthcare.gov

    Middle-class families purchasing private insurance in the new State-based Health Insurance Exchanges could save as much as $2,300 per year in 2014.  [this is based on lowered premiums because of the exchanges, not on tax credits]

    Tax credits provided by the Affordable Care Act will lead to even greater savings.  For example, in 2014, a family of four with an income of $33,525 could save as much as $14,900 per year since they will also qualify for tax credits and reduced cost sharing.

    The way it works is that as your income goes up, a smaller percentage of the premium is subsidized.  Over 400% of PL, the percentage is zero.  However, the law has other provisions that have been analyzed and are predicted by the CBO to lower premiums substantially.  

    All of us should see savings.  

    There are definitely programs that I am not eligible for because of my income.  Hell, I get penalized in a huge way just for being single.  

    The concept that this is a unique scenario in the U.S. federal government is what's weird.

    Change will not come if we wait for some other person or some other time. We are the ones we've been waiting for. We are the change that we seek. Barack Obama

    by delphine on Sun Nov 25, 2012 at 07:10:02 PM PST

    [ Parent ]

    •  The subsidy tables/formulas should be (1+ / 0-)
      Recommended by:
      HeyMikey

      structured so that for every extra $1 you make you lose, say, $0.10 in subsidies, and thus the subsidy would eventually reach zero.

      If a system like this were used it would never be the case that making an extra $1 would cost you more than $1. It could only cost you at maximum $0.10.

      This is not rocket science.  It is simple math.

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