Quote:
It also has out-of-pocket maximums in terms of what you can pay in premiums and out-of-pocket costs in a year. And if you're under 400% of the poverty line, these trigger for you so you can't pay, I think, at the maximum more than 9% of your income in a year.
ROY: [interposing] Nine and a half.
KLEIN: Yeah, nine and a half. And underneath that, it goes much lower. So if you're making 200% of the poverty line and you're a single, young male adult, you can't pay more than—I don't have the table exactly in my head, but it's 4.5%, 5%. [It's 4.0% of income from 150-199% of FPL, and 6.3% from 200-250% of FPL.]
So you're dealing with an actually quite subsidized kind of insurance, and not just through the direct subsidy, but through what can eventually be asked of you.
And I think that's important because we are saying we are going to cap how much you subsidize. It's not just “If you're young, you're going to be giving a huge subsidy to the old.” It's “If you're young and you're having trouble, we're going to help you too.”
Please take time to read the whole thing as it's an interesting and informative conversion, but complex and nerdy. Video available. Or you can keep hollering in generalities.