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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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