General Discussion
In reply to the discussion: Health Insurance Rate Shock-California Obamacare Insurance Exchange Announces Premium Rates [View all]antigop
(12,778 posts)graham4anything's post #126
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=2908567
mentioned how his rates TODAY decreased but he/she did not mention what his/her max out of pocket is. The $18,000 rates were his rates TODAY, NOT necessarily the rates under the PPACA that goes into effect Jan 1, 2014.
His rates could have gone down simply by switching to a higher deductible/larger max out of pocket.
graham4anything touted how much his rates decreased --- you called it "progress' --- without knowing what graham4anything's max out-of-pocket is THIS YEAR.
btw -- your chart shows the problems of the PPACA:
1) The subsidies end at 400% of the FPL and older pre-Medicare people get screwed
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=2904304
Run the calculator for ages 55-64 with an income above 400%FPL.
$1026 for premiums for two people on a $63,000 income in California is NOT AFFORDABLE, especially when you look at the max out of pocket they will have to pay IN ADDITION to the $1026 premiums.
2) The max out-of-pocket is $11,900 for families -- that's IN ADDITION to the premiums.