California steps up to the plate with Obamacare. What will a plan cost (without subsidies)?

California silver plan cost (before Section 36B credit)

According to Covered California‘s handy calculator, prices will start out like this in January 2014. The basic Silver Level policy (70% coverage) will start out at $230 for a single person aged 20, and progress—per federal regulation—to a high of $690 for someone in their early 60s.

(The same policy can be no more than 3 times the cost at that age than one for the younger person.)

Just as an example, someone aged 48 who does not smoke, is given an estimate of $376 a month for a Silver plan. If you use “modified adjusted gross income” (MAGI) of $25,000, the Obamacare tax credit is $232 a month, so the net cost is just $144.

What will the prices be in other states? We can only guess right now. But: California has one-in-ten Americans, at least. How far off can $376 a month be from what it will cost elsewhere?

And consider: the Obamacare credit would apply to practically all Americans. (Most people earn UNDER 400% of the federal poverty level.) So California’s calculator is ideal to anyone in America who wants to know the big question: what will it cost me?

[Update: The New Republic on the California plan.]

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3 comments

  1. Mustang.Koji · May 26, 2013

    I do not care for Obummercare at all… I hope history will record this blunder in capital letters. I believe they are counting on “younger, healthy” people to sign up for health care…and we know that equation is defective.

    • hoofin · May 26, 2013

      Of course, the younger, healthy people are also more likely to have lower incomes. (400% of FPL or below, which is $45,000 for a single). They get the Obamacare subsidy, and so the pricing is probably very favorable to them. At $25,000 income, the cost for Silver is only about $150/month.

    • gene · May 26, 2013

      so what is your solution for an individual with pre-existing conditions who doesn’t have insurance (either not working for employer offering healthcare insurance or not able to find employment) and can’t afford the $1500/mo. that a private insurer has asked for a comprehensive plan.

      Let’s say they are still years away from Medicare and in the midst of a family crisis temporarily left their job (after a lifetime of successful work in the field) not realizing the Great Recession would,make getting the old job or new job next to impossible with 20 (mostly young) applicants for each job available. And let’s say 18 months later after COBRA runs out they are diagnosed with cancer.

      Without Obummercare the bummer for them is not only the illness, but the prospect of going bankrupt since treatment will likely cost over $100,000/yr. They can’t look to Medicaid because they are in a state where you have to still have dependent children to qualfy and sadly can’t get disability until the effects of the illness become severely debilitating (the closer to death the better off you are)

      Without the new healthcare system, once bankrupt, you are forced to either avail yourself of charities or run up debt you can’t repay. Of course In the latter case hospitals will forgive those costs and have been ablel to do so from the funds they’ve been getting from the federal government and hence from taxpayers.

      I think I’d rather curtaiil the freedom of citizens over 26 by either charging them a $100 fine for not buying insurance or offering them a policy which hoofin has explained would be extremely affordable, than allow tens of millions of good but unfortunate souls the suffering, humiliation, and untimely deaths that result from the current system.

      Since the above hypothetical comes very close to my own circumstances I must tell you that nothing discourages me more than ideologues whose vitriol for the past 4 years has been fueling a never-ending fight to dismantle a system that can lift so many out of financial desperation as well as mental and physical anguish. For me the idea that people are fighting so hard to keep me locked into this modern day ‘leper colony’ when all I want to do is feel human again, like I did for my entire adult before misfortune came, just contributes to any sense of debilitation. It also makes me shake my head when I realize most of these folks consider Jesus Christ their lord and savior and somehow don’t see anything paradoxical in such a belief. I have also found I must stay away from many media that features this type of righteous and almost invariable wrongheaded diatribe, because it makes me ill.

      Is your alternative the status quo or if not how to you then help the tens of million who’ve been caught up in such a cruel system?

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