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Indeed. A family that qualifies for Medicaid would need to spend the entire $13,000 on healthcare alone if they were trying to get a silver plan (mid-tier healt
by Chathamization 10y ago
Indeed. A family that qualifies for Medicaid would need to spend the entire $13,000 on healthcare alone if they were trying to get a silver plan (mid-tier health insurance plan in the U.S.) with no subsidies. Since silver plans don't cover as much as Medicaid, low income families would end up spending much more than the UBI they received on healthcare alone.
On the other side, since there's no additional taxes high income earners would simply see their earnings go up by $13,000.
Also worth noting that this plan would get rid of things like renewable energy subsidies.