Vermont Health Connect prices may give Vermonters sticker shock

by Robert Maynard

It looks like the insurance rates of Vermont Health Connect are going to give Vermonters sticker shock..  This past Friday TNR carried an article by Vermonters For Health Care Freedom pointing out some of the issues in the coming exchanges to be set up under this program.  Now Fox 44 News has an artilce out presenting the costs.  Here is a short excerpt:

The plans go from Bronze, the lowest price, to Platinum, the highest. The plans all cover the same medical treatments. The less expensive plans will require the patient to pay less up front but more out of pocket.

Blue Cross Blue Shield Proposed Monthly Rates:
Single: Range from $362.34-$582.79
Couple: Range from $724.68-$1,165.58
Parent and Child(ren): Range from $699.32-$1,124.78
Family: Range from $1,018.18-$1,637.64

MVP Proposed Monthly Rates:
Single: Range from $366.22-$594.30
Couple: Range from $732.44-1,188.60
Parent and Child(ren): Range from $706.80-$1,147.00
Family: $1,029.08-$1,669.98

2 thoughts on “Vermont Health Connect prices may give Vermonters sticker shock

  1. I have a friend. Between her and her spouse, they make $50K /year. After taxes, they take home $41K/year. They have been quoted a rate of $13K/year for insurance WITH a $6K deductible. Whatever the penalty for not having insurance is, I’m sure it’s less than this. You can’t get blood from stone, right? How is this entire program being funded anyway? We still don’t know. Sounds like the state of Vermont is engaging in magical thinking, creating something from nothing and figuring out funding down the line.

  2. These figures would have more meaning if the deductibles/out of pocket expenses were included as well as what amount the subsidies will be for low income earners. At first blush, it would seem that to comply with the 8% cap of income of the ACA, there will be lots of subsidies? As a small business owner, I am also curious if I am to become, once again, the collection agency (and slave) of what promises to be endless computations, without compensation for the State, of the eventual 11% payroll tax? One more thing to compute or yet a
    new payment to payroll services. I am always amazed at the audacity of government assumption, that any business is to be used for free for their convenience but the cost to business never even considered or discussed.

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