How Would Health Care Work Today With The FPL
I figured I would plug in some real world numbers as they would be today if the new health care legislation was fully intact. This is something I haven’t seen during the whole debate and I want to take it from the angle of a single person earning 150% of the FPL.
Currently the FPL for a single person is $10,830. 150% of that would be $16,254 per year. Going by the table I published earlier, which is taken directly from the CBO estimates, a person earning a 150% of the FPL would end up paying about 9% of their income in health care when the new legislation comes into play. To refresh, here is the chart with the lines I am using highlighted:
Since every line goes off the “middle of income range”, I decided the 7% would be at 125% and 12% would be at 175%. I added those together and came up with 19% then divided by two, which gave me 9.5%. For simplicity I went ahead and rounded down.
So you are earning $16,254 a year, but 9% of your income is now going to health care. Time for another calculation:
$16,254
X .091
--------------
$14,791 (rounded down)
