Uncategorized

Health insurance costs under Baucus bill

As we have noted, the initial health care proposal released by Senate Finance Committee Chairman Max Baucus does not provide enough subsidies to make insurance affordable.

The Congressional Budget Office has now released an analysis of those subsidies and total cost sharing under the Baucus bill. A chart on the last page shows premium payment requirements and total health care costs — and the costs are steep.

A family of four that makes $66,000 per year, according to the chart, could pay $8,300 for a low-cost plan with an additional $5,000 in cost sharing for a total of $13,300 — or 20 percent of income.

A family of four making $30,000 would face $1,400 in premium payments and $1,500 in additional cost sharing for $2,900 in total annual costs.

Baucus says he will increase the subsidies, which is good news. The CBO letter makes it clear that the Finance Committee should look to the House and the Senate HELP Committee for guidance on subsidies. We can’t require everyone to purchase insurance and then put costs at 20 percent of income.

3 Comments


  1. […] See the article here: The Progressive Pulse – Health insurance costs under Baucus bill […]

  2. […] more info […]

  3. IBXer

    September 24, 2009 at 9:14 am

    This plan is already dead in the water.

Check Also

Context is key for understanding Insurance Commissioner’s Affordable Care Act comments

Many people were surprised to see a story ...

Top Stories from NCPW

  • News
  • Commentary

When the N.C. Senate elected Tom Fetzer to the UNC Board of Governors in March, it was widely seen a [...]

The 12 minutes spent on the phone with Duke Energy customer service shed no light on how — or if — c [...]

Crumbling ceilings. Failing air conditioning and heating systems. Broken down school buses. Mold inf [...]

This story has been updated with comments from Jim Womack, who did not respond earlier to questions. [...]

Last week, the General Assembly announced which legislators will serve on the Joint Legislative Task [...]

The latest effort in Washington to repeal and not actually replace the Affordable Care Act has a dif [...]

Conservative group “reviewing” bigoted attacks; funding from major NC corporations implicated Nearly [...]

5---number of days since Senators Bill Cassidy and Lindsey Graham unveiled a new proposal to repeal [...]

Featured | Special Projects

NC Budget 2017
The maze of the NC Budget is complex. Follow the stories to follow the money.
Read more


NC Redistricting 2017
New map, new districts, new lawmakers. Here’s what you need to know about gerrymandering in NC.
Read more