CBO: Estimated Premiums for "Bronze" Coverage Under the Patient Protection and Affordable Care Act

Estimated Premiums for “Bronze” Coverage Under the Patient Protection and Affordable Care Act, Letter to the Honorable Olympia Snowe, January 11, 2010

  • “This letter responds to your request for additional information about expected premiums under that proposal for policies that would meet the minimum requirements necessary to avoid paying a penalty for not having insurance. As a rule, individuals would be required to have a policy covering the “essential benefits” specified in the legislation and having an actuarial value of at least 60 percent in order to avoid such a penalty. (A plan’s actuarial value is the share of costs for covered services that it would pay, on average, with a broadly representative group of people enrolled.) That minimum level of coverage is designated as a “Bronze” plan.”
  • Related postings on health care reform
    • LinkedIn
    Posted in: Congress, Government Documents, Legislation
    ➤