The most important table you'll read today
You probably can't read the table atop this post. Click on it, it'll get bigger. It's the work of Jon Cohn and MIT's Jon Gruber, and it shows what health-care reform will mean for families at different levels of income.
The story isn't perfection but improvement. An insured family making $60,000 is likely to be paying almost $13,000 for coverage in 2016 and facing more than $12,000 in out-of-pocket costs if they're hit with a real medical emergency. Under reform, that same family will be paying $5,800 in premiums, and their out of pocket maximum will be $6,300. Their total risk, as Cohn puts it, has fallen from $25,000 to $12,000. That's still an embarrassment when judged against other industrialized nations where people aren't bankrupted because someone fell sick, but it's an enormous improvement compared with our nation.
And Cohn's table, if anything, understates the gains. For instance: That family making $60,000 could be turned away because the mother once had breast cancer. And if they can't get insurance, they are, of course, on the hook for everything they own. Under reform, that family can't be turned away from insurance.
Anyway, read Jon Cohn for much more.
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