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

The Senate voted along party lines Tuesday night to overturn a partial judicial redistricting bill i [...]

Viola Williams has been crunching numbers and working out possible solutions since last week, when t [...]

With midterm elections around the corner, lawmakers have, unsurprisingly, taken aim at last minute c [...]

On May 25, the news headlines read that Democratic state Senate candidate Jen Mangrum had been disqu [...]

“I’m speechless.” So began the heartfelt lament of Rep. Verla Insko (D-Orange) late last Friday afte [...]

The post SB 711 – The pig’s roast appeared first on NC Policy Watch. [...]

In another effort to pander to the minority of Americans who want to make abortion and birth control [...]

The practice of loading down noncontroversial legislation with divisive and partisan provisions is a [...]