3 ms·
That's excellent news. Thank you for sharing. Though: The article lists the poverty line as $51,520; 8.5% of the poverty line is $365/month, so that's well wit
by floatingatoll 6y ago
That's excellent news. Thank you for sharing.
Though: The article lists the poverty line as $51,520; 8.5% of the poverty line is $365/month, so that's well within $300-700. Mississippi has the lowest median income in the US at $45,081; 8.5% of that is $319/month, which is still within $300-700. You would need to make less than $42k/year, which is about 80% of the poverty threshold, in order to fall below the thresholds I napkin-mathed. Many do make less than that, and this will greatly benefit them.
Non-US translation for that last bit, though -
37 out of 50 of our member states chose to enforce an 8.5% of annual income limit on health care insurance premiums for citizens of their states; 13 refused to.
- scythe 6y agoJust to clarify, that's ($51,250) not the poverty line, it's the (old) subsidy line. The poverty line is $12880 + $4540d, where d is the number of dependents. But yes, healthcare premiums do float above $300/mo for some people.
- floatingatoll 6y agoThanks, I totally misunderstood!