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Some numbers to knock around...
Topic Started: Mar 6 2008, 07:02 PM (159 Views)
Jolly
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Geaux Tigers!
QUICK MASSACHUSETTS STATS


Median income, family of four $89,347
Number of uninsured 500,000 to 650,000
Newly enrolled in Massachusetts insurance plans: 122,582
Full Subsidy: 92,884 76%
Some Subsidy: 22,534 18%
Unsubsidized: 7,164 6%

Family of four, 300% federal poverty level: $61,956 (Mass. subsidy cap)

Massachusetts cost promise: $200/mo. for comprehensive coverage

Massachusetts cost reality: up to $531/mo. plus co-pays and deductibles for “basic” plan

Cheapest “affordable” plans in Massachusetts

55 year old in Boston: $4510 premium/yr, 9% of $50,000 income

Late-forties couple in small town: $9,121 premium/yr, 11.4% of $80,000 income

Family, mid-fifties, two kids in rural Greenfield: $13,752 premium/yr, 12.% of $110,000 income

18% of uninsured automatically exempted from mandate because premiums are unaffordable:
Anyone, of any age, who earns just above 300% of the federal poverty level
Singles over 55 making less than $50,000 a year
Couples over 50, unless their income is above $80,000 a year
Families over 30 making up to $90,000 a year

Annual Premium Range w/o Exemption or Subsidy

55-year-old in Boston: $4,510 - $10,878

Mid-thirties couple on the Cape: $7,054 - $14,280

Rural family in their early fifties, one child: $11,334 - $24,723

The cheapest plans offered in Massachusetts come with $2000 deductibles, co-pays of up to 35% for most health services, separate medication deductibles with up to 50% co-pays, and cap only some out-of-pocket costs.

Premiums are considered affordable up to 10% of a family’s income.

Those with “affordable” options
include:

A Boston couple in their late forties with a $60,001 income can “afford” premiums of $500 a month. The only plan available to them, for $468 a month (9.3% of their income), has no drug coverage, as well as a $2,000 deductible and 20% coinsurance on most health services.

A single 55-year-old making $50,001 a year in Boston would pay $4510 in premiums – 9% of her income – for the cheapest plan available with prescription drug coverage. It includes coinsurance of 20% up to $5000 a year. If her additional out-of-pocket costs that year are only the plan’s $2000 deductible she would spend $6510, or 13% of her income, on health coverage.

A couple in their late forties living in Barnstable would pay a minimum $760 a month, or $9,121 a year, for the cheapest plan with prescription drug coverage – 11.4% of annual income for a family making $80,000 a year.



http://www.consumerwatchdog.org/resources/masshealth.pdf
The main obstacle to a stable and just world order is the United States.- George Soros
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JoeB
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Senior Carp
Smells like an extremely regressive tax to me. But it is Massachusetts, after all, where the winters are cold and the taxes are heavy.
"There are many ingredients in the stew of annoyance." - Bucky Katt
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QuirtEvans
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I Owe It All To John D'Oh
Based on what I know, all those facts seem accurate to me.
It would be unwise to underestimate what large groups of ill-informed people acting together can achieve. -- John D'Oh, January 14, 2010.
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Jolly
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Geaux Tigers!
Can people afford this?

In particular, can a state like California (the example in the link) afford this?

This is the basic plan of the Democrats...
The main obstacle to a stable and just world order is the United States.- George Soros
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Axtremus
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HOLY CARP!!!
Jolly
Mar 7 2008, 12:19 PM
Can people afford this?

In particular, can a state like California (the example in the link) afford this?

This is the basic plan of the Democrats...

... proudly proposed, implemented, and taken credit by Massachusetts Governor Mitt Romney, a Republican. :thumb:
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Jolly
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Geaux Tigers!
Who didn't make it to the Big Show! :thumb:
The main obstacle to a stable and just world order is the United States.- George Soros
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