How Obamacare fixed the health care market

[Ban my account ffs!]

Minnesota unveiled more information regarding plans for employers as well as more pricing info on individuals.

Medical Assistance (Medicaid) will cover individuals up to 133% of the federal poverty line and pregnant women and children with family incomes up to 275% of the FPL.

MinnesotaCare will cover individuals between 133-200% of the federal poverty line with a sliding scale of monthly premiums maxing out at $50/month at the 200% level.

Beyond that, tax credits are available to those between 200-400% of the FPL.

In my area of the state, a healthy 40 year old that buys a platinum plan, which covers 90% of medical costs, would cost $202/month with no subsidies.

That is a 40 year old living alone with an income of $45,000 and above. 

A silver plan which covers 70% of medical costs and would cost $162/month.

For a family of 4:

Up to $31,000
All covered by Medical Assistance (Medicaid)

$31,000-$47,000
Children covered by MA, parents covered by MinnesotaCare with sliding premiums from $42-$100/month for the parents' coverage.

$47,000-$62,000
Children covered by MA, parents covered by private insurance with tax credits.  Total cost for insuring family is $362/month.

$62,000-$94,000
Family covered by private plans with tax credits.  Monthly premium for whole family ranging $563-$626.

Above $94,000--- $626/month.