posted on Jul, 24 2014 @ 01:00 AM
Hello everyone! I'm enjoying some much needed time off during my summer vacation so I've been a bit scarce here lately. Scarce doesn't mean I'm
not around and working on one thing or another though. Tonight I finished up on something I've been working on for awhile now.
Recent court decisions have both supported and ruled against subsidies for citizens in states which did not cooperate for their own exchanges.
Withholding these was originally meant as a stick to 'encourage' the states to play ball and go with the program. Over 30 states chose not to play
in this mess and just said no.
The sheer number came as a surprise, no doubt, and so an impromptu change to how the law would work is how the subsidies came to be paid to those in
the federal exchange states at all. It wasn't meant to work that way, and may yet still be overturned in a higher court.
What will it cost if this is overturned and people in the 30+ states face their premium costs without subsidy? Well, I can't say what 2015 will be.
No one can, as that data set isn't formalized yet, to my knowledge. (......everyone was aware that rates for 3 dozen states are set in a coordinated
and fixed pricing grid right? If not..now you certainly are.)
The following numbers come from the
data categories selected for my charts come from an earlier version of the QHP individual landscape. The numbers match what is in the version
available on the site now, and which was released 03/31/14 before the 2014 open enrollment was closed. The latest version online has a much wider
selection of categories/scenarios and can be found at the above link. Dental and State exchanges (not a part of these charts) are also available there
in raw data form.
Anyway, on with what your 2014 bill would have been and the bare min. it may be next year (all reports I've seen say higher rates are a given).
The +2's represent the 2 statistical children allowed for in the rate for that category. Within the most recent version online now, these lines are
also included as part of the instructions:
Premium amounts do not include tax credits that will lower premiums for many consumers applying for insurance, specifically those with income up
to 400 percent of the federal poverty level.
It's also important to note that the min. costs shown above usually came from the Catastrophic-Only level of plan. Bronze was higher in most, if not
all cases. The Max number was taken from Gold or Platinum, whichever existed as the higher to show as a base rate.