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Balloon Juice | Zero Premium plan in an American Rescue Plan world


Now that the Senate has passed the American Rescue Plan, we can be very confident that sometime in the next week or so the ARP will be showing up at the White House’s door step ready to be signed.
One of the big pieces of the ARP is a 2 year update of the ACA subsidy table. There are two major things going on in the update.
Everyone will now be eligible for subsidies if the benchmark silver plan costs more than 8.5% of their income
Subsidies for everyone who currently gets a subsidy will increase
Point 1 is mostly aimed at upper middle class families.  Senator Cassidy (R-LA) consistently told a story about a Louisiana radio host and his wife who were both in their mid-50s and had 2 kids in their late teens/early twenties including one with a significant pre-exisiting condition.  This family earned over the subsidy cap and was paying $40,000+ a year in premiums.  This family will see massive relief in April or May once this gets operationalized. ....

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Detailed text transcripts for TV channel - MSNBC - 20170628:17:22:00

Also for the country. so those are a lot of good factors. so we ll see what happens. we are working very hard. we have given ourselves a little more time to make it perfect. let s bring in jonathan gruber, professor of economics at m.i.t., key architect of the affordable care act and rick tyler, republican strategist and msnbc analyst. jonathan, i want to get your reaction to the president s comments right now. they are getting a little more time to make this perfect. well, basically, it s so far from perfect i don t know what that means. you just heard the president lie repeatedly. it reduces coverage and makes everyone s health insurance less generous. so once again, let s try to look at the facts here. cbo has a table where they lay out for a wide variety of people what happens to their premiums and what happens to their, what they call, actuarial value. for every single group, either their premiums go up or their generosity goes down. literally, the kaiser family foundation did ....

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