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Senator Wyden is right. This plan is unaffordable for middle class families. [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
flpoljunkie Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 05:36 PM
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Senator Wyden is right. This plan is unaffordable for middle class families.
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Edited on Wed Sep-16-09 05:37 PM by flpoljunkie
Wyden noted a family of 4 with an AGI just $1 over the 300% Federal Poverty Level (FPL) for a family of 4--$66,150-could be required to pay as much as 13% (the cap) of their AGI on the HIE--$8,600--in addition to co-pays and deductibles. This 13% cap applies to those making between 300-400% of the federal poverty level. They would, of course, receive no subsidies.

Apparently, at over 300% of the FPL, you are exempt from the fines ($950 for an individual and up to $3,800 for families) if the cost of the lowest cost option on the plan exceeds 10% of your AGI.

http://www.nytimes.com/2009/09/17/health/policy/17health.html?pagewanted=2&hp
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