Sunday, February 4, 2018

MN healthcare

Nine states including Minnesota are now considering laws regarding forcing people to buy health insurance. Depending on how they enforce this it may be more effective than the Obamacare law which allowed people to make two misstatements on their income tax return to avoid the penalty and thus be without healthcare. The people these laws are targeting are low to middle income and mostly single taxpayers. Last year MN taxpayers kicked in to help those on MNSURE and these amounts will likely increase if these new laws are enacted. Now as many as 120,000 Minnesotans could start seeing big drops on their health insurance premiums: around $310 million in taxpayer money will be spent throughout 2017 to give 25 percent discounts. That comes to $2,660 per person and if that represents 25% then the total cost per person was $10,660 per year or $888 per month and that will be difficult for low income people. There will probably be some sliding scale based on income with some paying less and some paying more.

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