YOUR COST OF THE PELOSI BILL

On August 2, I blogged about the cost of HB 3200. The Pelosi bill is about the same.

The Kaiser Family Foundation produced some numbers in its report: "Employer Health Benefits - 2008 Annual Survey" It found that the average cost of an insurance policy for individual was $4,704 and $12,680 for family coverage. If there is average increase of 5% from 2008 to 2013, those numbers will be $5,975/16,185. If you are single and currently earn $43,320 (subject to COLA) or less, you will be allowed a credit to reduce your cost. The income level for family income is $88,200. If you make less than those income amounts, your credit is greater.

As an example:

You are single earning $32,490, your net cost would be about $2,725.
You have family coverage and earn $66,150, your net cost would be about $10,775

This does not assume employer coverage. KFF determined that employers covered about 85% for individuals and about 75% for family coverage.

Some assumptions that could be made:

Healthcare costs will increase because of government incompetence.
Employers will not cover as much as in prior years.
Employers will no longer cover employees.