Steve
04-25-2006, 09:48 PM
As more specifics come out about this plan, the more it looks dead in the water. So if you live in Massachusetts and make $54,000 a year or more you will be forced by law to buy family medical coverage starting at $12,000?
Do you think this will work or are the figures way off?
CNN (http://money.cnn.com/magazines/fortune/fortune_archive/2006/05/01/8375441/index.htm) - Romney's new state-sponsored insurance clearinghouse ensures this, giving individuals (and small businesses) access to group rates. The second key to compulsory coverage is to make sure it is affordable - through either low premiums or subsidies. It's here that Romney's plan relies on a magic asterisk for up to 40 percent of his state's uninsured.
Mittcare will be free to those below the poverty line; subsidies taper off as incomes rise to three times the poverty line. But individuals making more than $30,000 and families of four with more than $54,000 are on their own. With solo policies in Massachusetts today running $6,000 a year and family coverage $12,000 or more, even reasonable group prices may be out of reach for many.
Do you think this will work or are the figures way off?
CNN (http://money.cnn.com/magazines/fortune/fortune_archive/2006/05/01/8375441/index.htm) - Romney's new state-sponsored insurance clearinghouse ensures this, giving individuals (and small businesses) access to group rates. The second key to compulsory coverage is to make sure it is affordable - through either low premiums or subsidies. It's here that Romney's plan relies on a magic asterisk for up to 40 percent of his state's uninsured.
Mittcare will be free to those below the poverty line; subsidies taper off as incomes rise to three times the poverty line. But individuals making more than $30,000 and families of four with more than $54,000 are on their own. With solo policies in Massachusetts today running $6,000 a year and family coverage $12,000 or more, even reasonable group prices may be out of reach for many.