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View Diary: Obama administration issues rules for individual mandate, America continues to exist (94 comments)

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  •  Hey, I was just trying to clear up the (0+ / 0-)

    "misinformation" above.  It have often heard folks mistakenly quote the amount of $88,000, though it applies to individuals.

    Yes, depending upon where you live, it isn't destitute.  But it's also not a great sum of money in many localities, especially if you're keeping up your own household (i.e., not sharing housing expenses with someone else).

    Personally, we've lived in both D.C. and Alaska (and Alaska has its own FPL because the cost of living there is so high), and I wouldn't envy anyone in either place that was keeping a household up by themselves on that annual income.

    I heard a couple of Brookings economists say during a congressional committee hearing last year, that in today's money (this was in 2012) "middle class" begins at somewhere between $60,000 and $65,000 annual "household" income.

    So, my biggest concern with the ACA is that the subsidies stop at the working class, not the middle class income levels.  For those folks in that income range with a mortgage and two car payments, it will be tough, if not impossible.  And I worry about the "age rating" 3:1 ratio.  I don't think that it's appropriate since group health insurance plans don't rate for age, just lifestyle (smoking).

    But for upper income folks, it will work out well since they will have access to much lower premiums, than before the ACA was enacted.  And for young people up to age 26 (or is it up to, and including?).   :-)

    Mollie

    “If a dog won’t come to you after having looked you in the face, you should go home and examine your conscience.” -- Woodrow Wilson

    by musiccitymollie on Wed Jan 30, 2013 at 05:43:57 PM PST

    [ Parent ]

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