tag:blogger.com,1999:blog-8512362.post4191572301563401923..comments2024-03-10T13:59:19.230-04:00Comments on xpostfactoid: ACA doctors (of the law): What would you do with $3-5 billion per year?Andrew Sprunghttp://www.blogger.com/profile/17601269968798865106noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8512362.post-88731714715959026112017-02-07T10:10:48.901-05:002017-02-07T10:10:48.901-05:00Let me do a very rough calculation.
7 million per...Let me do a very rough calculation.<br /><br />7 million persons do not get subsidies. (of course some are couples)<br /><br />Assume their average annual income is $60,000.<br /><br />Assume they are currently paying an average of $700 a month.<br /><br />A 10% cap would top off their share of premiums at $500 a month.<br /><br />So they would be getting a subsidy of $200 a month, or $2400 a year.<br /><br />$2400 times 7 million equals $16.8 billion a year.<br /><br /><br />(notice that I never quote budget numbers in 10 year estimates -- this is a very bad practice.)Bob Hertzhttps://www.blogger.com/profile/08889826739646491269noreply@blogger.comtag:blogger.com,1999:blog-8512362.post-60756444808733249242017-02-07T07:46:26.014-05:002017-02-07T07:46:26.014-05:00I agree with that -- I think a cap on individual m...I agree with that -- I think a cap on individual market premiums as a percentage of income would be great, as noted above. 8.5% is the Urban proposal; 10% might be realistic. I don't know what it would cost -- I assume considerably more than a CSR boost in the 200-300% FPL range.Andrew Sprunghttps://www.blogger.com/profile/17601269968798865106noreply@blogger.comtag:blogger.com,1999:blog-8512362.post-16809655088978836792017-02-06T20:34:12.141-05:002017-02-06T20:34:12.141-05:00I cannot agree with this sentence...
"I would...I cannot agree with this sentence...<br />"I would shore up ACA subsidies where I believe they're weakest: for the subsidy-eligible population with incomes in the 200-300% FPL range. Takeup is poor in this income range, where 19% of the uninsured are concentrated, according to the Current Population Survey."<br /><br />Subsidies are weakest where they do not exist, i.e. for persons who make over the 400%-poverty limit.<br />They have to face brutal premiums, especially over age 55, with no assistance. Today i quoted a man aged 61 in a St Cloud.....$930 a month for a crap ass bronze plan. The only carrier left in his county is Blue Cross, which now only offers an HMO. The man lives almost 120 miles from a network hospital.<br /><br />These are people who often voted for Trump and who really hate the ACA. Let's help them!bob.hertzhttps://www.blogger.com/profile/09686373408419885558noreply@blogger.com