Bill HR1458 and S565

[cschwab]

I was curious about what a person might be paying for health care if they make $40,000 and under, so I did some more digging around and did find a online Kaiser premium calculator and the section of the bill that limits out-of-pocket.  I thought it would be nice to figure out what is coming and I came up with the following numbers, they seem to closely jive with numbers I've seen elsewhere:

YEARLY INCOME             TOTAL EXPENSES (premiums and out-of-pocket)    PERCENT OF INCOME
$16,000                         $1557                                                                 9.7%
$20,000                         $3102                                                                15.5%
$25,000                         $4851                                                                19.4%
$30,000                         $5634                                                                18.8%
$40,000                         $7967                                                                19.9%
(corrected 7/18/2010)

Kaiser premium calculator:
http://healthreform.kff.org/Subsidycalculator.aspx

Sec. 1402. Reduced cost-sharing for individuals enrolling in qualified health plans. The standard out-of-pocket maximum limits ($5,950 for individuals and $11,900 for families) would be reduced to one-third for those between 100-200 percent of poverty, one-half for those between 200-300 percent of poverty, and to two-thirds for those between 300-400 percent of poverty.
http://dpc.senate.gov/healthreformbill/healthbill49.pdf

Cost-sharing subsidies (page 2)

[angieskidney]

Great information Chris! I told the members of KK to come join up here and partake in this discussion and any feedback they have here.

[cschwab]

I decided to have some more fun with math!  Some members of my church have been studying the new health care bill and told me about another clause in the bill that changes some of the numbers above:

Cost-sharing subsidies (page 2)