It costs too much money. Lower 2014 income can net huge health care subsidy – SFGate.
Bottom line, their new Kaiser policy will more than double their annual health insurance premiums from $7200 to over $15,000 per year.
However, by reducing their annual income by $2000 from $64,000 to $62,000 year year they become eligible for a $1200 per month subsidy, which translates into $14,400 per year.
So by switching to an Obamcare plan that costs twice as much, lowering their income by $2000 per year the Proctor’s pay $508/mo less for coverage than with the plan they currently have!
Talk about perverse incentives. Oh hey…. who the heck is paying for that?
