Cuomo allies are coalescing around an “anti-Italian discrimination” strategy and are using EMMETT TILL for this convoluted nonsense. My jaw is on the floor.
@taylorswiftly93 i wanted to like this dude cuz, despite not being a Left Unity guy, i wanted to surround myself with people who subscribe to different leftist tendencies so i can learn. and this dude has SOME smart and good takes but also drops some absolute nonsense and becomes unbearable
These jackasses are claiming COBRA costs $80,000/yr per person ($40K for 6 mo) or TEN TIMES that much.
If you want to argue private insurance sucks, start by NOT destroying your credibility out of the gate.
The avg US household has 2.53 people. That’s around $8,150/yr per person for family coverage. Throw in the $7,200 single coverage and let’s call it $8,000/yr apiece.
Bottom line, no matter how you slice it, it's NOWHERE NEAR $40,000 apiece.
Considering employer coverage premiums only average $7,200/yr for single coverage and $20,600 for family coverage, @axcomrade AND anyone like @marwilliamson who RT'd them should be ashamed. /END
In the House version, the deficit would only increase by $4.8 billion in 2021...to cover 3.0 million people for 6 mo.
In the Senate version, the deficit would only increase by $14.31 billion in 2021...to cover 7.8 miliion people for 6 mo.
That's either $1,600 or $1,834 apiece.
I don't know if this is due to COBRA enrollees being eligible to stay on COBRA for up to 18 months, or delayed spending/receipts or whatever (I'm not an accountant), but it means that the net amount being spent *in 2021* to cover 3.0M (House) or ~7.8M (Senate) is less yet!
Unfortunately, the CBO didn't include a memo with their score of the revised Senate version, so I don't know how many more people they think would take up COBRA, but assuming the avg. cost of COBRA is consistent, dividing $37.2B / $14.3B = around 2.6x more people, or 7.8 million.
...as @greg_fann noted, raising subsidies to 100% would also substantially increase the number of people who'd take advantage of it.
The CBO score of the *Senate* version seems to suggest $37.2B in COBRA subsidies - $14.4B in spending = $22.8B total:
https://t.co/oD3Sg69V7I
That is, the net federal spending increase from the HOUSE version of the COBRA provision would only be $2,600 per person.
The Senate version upped the 85% subsidy to 100%. For 3.0M people that would raise net spending to ~$3,059 apiece, or 27% less than even *I* thought...BUT...
📣 UPDATE: This is from the actual CBO score of the House version (increased from 85% to 100% subsidized in the Senate version).
It turns out I was wrong...it wouldn't raise spending $7.8B to cover 2.2M people...it would be $7.8B to cover *3.0M* people:
https://t.co/qb3Xht0gnH
This idiot is lumping together ~$9.2B in COBRA subsidies (covering ~2.2M for 6 mo) with $30B in expanded ACA subsidies (covering ~1.7M for *3* yrs), $6.3B (waiver of subsidy clawback from 2020), etc
Basiclally they have no clue what they're talking about.
https://t.co/pDpoezZMAk
I'm not a fan of COBRA but this is bullshit.
The House version only spent $7.8 billion on COBRA. The Senate version increased it to ~$9.2 billion.
Secondly, it's expected to cover 2.2 million people.
That's $4,181 per person covered.
We are pleased to announce that we have partnered with @WholeWashington, a grassroots coalition of healthcare professionals, activists, and volunteers fighting for single-payer healthcare.
Whole Washington will be advising us as we form the national #PeoplesParty platform.