http://www.dailykos.com/story/2013/11/22/1257537/-Why-is-nobody-talking-about-the-OTHER-Obamacare-subsidy#
I consider myself reasonably well informed on the ACA. I've read a lot, discussed it frequently, helped friends and family members be researching costs, and explained it to several dozen elderly conservatives at dinners on a cruise I recently went on.
That's why I was surprised this morning to find out that the tax credit isn't the only subsidy available - there's a 'Cost-Sharing Reduction' version of the Silver level plans available to those with incomes less than 250% of poverty level. That's $58,875 for a family of 4, so this subsidy is potentially available to a large percentage of Americans in the individual market.
A family of 4 earning $40,000 (169% of the poverty level) gets 87% of their out-of-pocket expenses paid instead of the normal 70% in a Silver plan.
Here's a link to a better explanation of the subsidy: Cost-Reduction Sharing
This is a potentially large reduction in health care costs provided by Obamacare, and yet I haven't seen or heard it mentioned anywhere in the media. Why?
all of the politico's that are sworn to protect us have failed Pres. included the right wing for lies and misinformation and misleading and not having an alternative while they feverishly tried to kill the law.
Progressives for not having his back 39 just voted with republicans against it so what good were they serving as Progressives? if they get re-elected it will be for naught if they continue to go against the party line they might as well be republicans.
Pres., it's his baby he should have pulled a Michael Jackson and hung it over the balcony for all to see instead of waiting for the cavalry that never showed.
i find it disturbing that with his intellect and oratory skills he could not give us the real 411 out of his mouth, that is the most effective mode of getting it out there. he did some good speeches but he let their lying rebuttals stand for months at times before there was a re-rebuttal bu him or the party.
"All we ever heard about Obamacare is that it would lower our deductibles and premiums," said Jennifer Slafter, 40 of Mabel, Minn. "That's just not what's happened."Slafter and her husband, Steve, are scrambling to find affordable care for themselves and their two children. The exchange's Blue Cross Blue Shield plan was $1,087 a month with a $6,000 deductible, while a Medica plan was $877 a month with a $12,700 deductible.Both are steeper than their current plan.
I went to the Minnesota ACA website and found the numbers are correct as shown. What we don't know is the income of this family, and that is important. Here's what I found about their potential subsidy at different income levels:
$94,000 $3,505 annual subsidy for BCBS monthly premium of $794
$70,000 $5,841 " $600
$50,000 $9,609 " $286
$40,000 $10,469 " $215
$70,000 $5,841 " $600
$50,000 $9,609 " $286
$40,000 $10,469 " $215
For income above $94,000 there is no subsidy.... but I don't have a lot of sympathy for people in that income bracket.
we are responsible for our own, those we elect especially don't waste your vote because come Nov. 5th 2014 it's too late for a "aw crap".