[quote=CONCHO]Thanks for the explanation SK. So this means that if you’re currently paying $11200/year you will pay $11867/year under this new system? Many people with any sort of serious pre-existing condition will get hit by this, $1000/mo premiums are not uncommon at all.
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I suspect the number of people hit by the excise tax will be quite small. I don’t know very much about insurance premiums in other states, but in California, a $1,000 a month policy for a single person is pretty damn expensive. I have a bill here in front of me for a 64 year old man (he turns 65 next month), and the premium, including his 21 year old son is $942 a month. It’s an individual policy, with the largest preferred provider network in the state, a $500 annual deductible and $10 copays for dr. visits. It’s damn good coverage, close to the most expensive that Anthem Blue Cross offers for a PPO.
Aetna’s most expensive small group HMO (with a $10 copay) for 60-64 year olds has annual premiums of $10,872. The $15 copay (which I pay for my staff) is $10,212 for that same age group. The annual premiums would go up by about $8 a year. Only for the oldest age bracket.
