[quote=SK in CV][quote=spdrun]The real question is “why was the Obamacare law written in such a fucking boneheadedly stupid fashion?”
Instead of making subsidies end at 400% of FPL, they should have gradually tapered subsidies to zero depending on family income, number of dependents, etc[/quote]
It is gradually tapered.[/quote]
Not really, at 299% of FPL, you get a $986/month Tax credit, at 399%, you get $863/month credit, at 400% FPL, you get $0.
IOW, two 64 year olds making $62,039/year get a $863/month credit where as those same two at $62,040/yr, get $0/month credit.
The benefits taper much better in the 100% to 200% FPL range, but a quick cliff shows up at the higher ages for 400% and it’s a $5000-$7000/year difference.
The curve is basically designed so that 10% of your income is health care premiums and then hits a cliff at 400% FPL, where it can jump to 26% for a $1 income difference.
