The program details break-down as follows:
As people's incomes go up, the state subsidies decrease. The state will cover 80 to 90 percent of premium cost for individuals who earn between $10,000 and $20,000 a year. For people who make $20,000 to $29,400, the state contribution falls to 47 percent, or about $1,680 a year. The law requires that the low-income insurance plans be finalized by Oct. 1. The state may subsidize up to 200,000 uninsured residents with incomes up to $29,400 for an individual and $60,012 for a family of four.
Although not perfect this plan is a great step towards our country joining the many universal health care systems throughout the world. Despite some of the worry by consumer advocates I am encouraged by the plan and hope more states follow their lead. Every person and family will have a different financial situation but the fact that those falling into lower income brackets can be subsidized entirely or by half is a big plus.
What is your take on this plan?
I'm intrigued by it. I do know that Gov. Romney had a major role in getting self-employed and not-employed who buy their own health insurance the benefit of using pre-tax dollars for premiums (the same benefit that only employers enjoyed previously). That seems like a great part of the plan.
Posted by: Anonymous | June 10, 2006 9:20 PM | Permalink to Comment