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A comment on Americans Are Putting Billions More Than Usual in Their 401(k)s. Parent comment

Re:Americans Are Putting Billions More Than Usual in Their 4... by zaroth on Thursday January 05, 2017 @06:30PM (#13332488)
After ACA this is no longer true in Medicaid expansion states.

There is no asset test, and there is no paying back benefits if you are under 65 when you took them.

Medicaid expansion is quite literally the best insurance that money can't buy.

In CA, for example, a family of 4 earning less than $33,500 gets MediCal [1]. If you just want free coverage for the kids, you can earn $64,600. [2]

[1] - http://www.dhcs.ca.gov/services/medi-cal/Pages/DoYouQualifyF...

[2] - http://hbex.coveredca.com/toolkit/renewal-toolkit/downloads/...

[ Parent | on HN ]
Re:Americans Are Putting Billions More Than Usual in Their 4... by krapp on Thursday January 05, 2017 @06:32PM (#13332497)
ACA is likely about to be repealed.
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Re:Americans Are Putting Billions More Than Usual in Their 4... by zaroth on Thursday January 05, 2017 @06:37PM (#13332535)
And maybe that's a good reason why it should be.

A progressive tax system should not be paired with a regressive subsidy as massive as ACA. It adds up to nearly a 100% tax on the first $60,000 of income for unhealthy / chronically ill families, and a 60% effective tax rate for healthy ones.

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