On average, a healthy 30 year old male nonsmoker will see his lowest cost insurance option increase 260 percent. In 2014, the only person with a financial incentive to “purchase” coverage would be the person making 133 percent FPL. This remains the same in 2015. Only in 2016 does it become financially advantageous for another person, this time making 175 percent FPL, to purchase insurance. For all other income ranges during the coming years, the cost of purchasing subsidized health insurance is far greater than the cost of the mandate penalty, in two instances topping 10 times the cost of the penalty. Across the next three years, the cost of subsidized insurance is, on average, around 4 times the cost of the penalty. americanactionforum.org/research/premium-increases-for-young-invincibles-under-the-aca-and-the-impending
Posted on: Wed, 23 Oct 2013 23:46:23 +0000
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