DomKen
Posts: 19457
Joined: 7/4/2004 From: Chicago, IL Status: offline
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quote:
ORIGINAL: defiantbadgirl According to what I read, anyone on the exchanges making between 133% - 400% of the federal poverty level will have most of their premiums, anywhere from 91% - 96% paid for by the government. If someone makes 155% of the poverty level, only 4% of their income goes to health insurance premiums meaning the government picks up the remaining 96% (100 - 4 = 96). If someone makes 400% of the federal poverty level, 9% of their income goes to health insurance premiums and the government pays the other 91%. (100 - 9 = 91). According to federal poverty guidelines, 400% FPL is $44,680 for a single person, 60,520 for a family of two, 76,360 for a family of three, and so on. Many people are spending far more than 4% - 9% of their income on health insurance. You're messing up the numbers at 155% of the federal poverty level no more than 4% of the person's income will be charged as an insurance premium. That leaves the person with 96% of their income for other uses. The total insurance premium paid by the feds and themselves is not equal to their income.
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