Sunday, March 07, 2010

One Percent Day Eleven: More on the President's Actual Plan

What's this about? Click here.

With all the talk about health care and whether it'll pass or not, you'd think someone, somewhere, would talk about the details of the plan. I guess it falls to me, since I'm the only person I know who actually went to the White House's site and downloaded the summary of the proposal.

Here's the second facet of the plan: The plan would Give tax credits for health insurance premiums. If your income falls between $22,000 and $88,000, under Obama's proposal, you won't have to pay more than 2-9.5% of your income (2% at the low end and 9.5% at the top end) for health insurance premiums. That means that a family with $88,000 per year in income would pay at most $8,360 per year for premiums, or at most $696 per month. Obama's proposal is more generous than either the House or Senate version right now.

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