Originally Posted by billt
That's because you're reading the wrong numbers.
At least one of us is reading the wrong numbers. I'll have you start at page 24 of this document (page page 20 as printed) http://www.bingaman.senate.gov/policy/crs_privhins.pdf
Your link says "If your household income is $66,000 a year, slightly above the national average, Obama’s health care bill will require you to spend 12 percent of your income — about $8,000 a year or almost $700 a month — to buy health insurance before you get any federal subsidy."
It doesn't say the size of the household. The only people eligible for subsidies are those earning below 400% of the federal poverty line, (which depends on household size) and those not eligible for medicare, (which is supposed to be expanded to anyone earning less than 133% of poverty level)
For a household of 1 or 2, 66k is above the 400% limit and no subsidy will be paid.
For a household of 3, 66k is ~346% of FPL. The maximum annual out-of-pocket premium for such a family is capped at 9.5% of annual income
For a household of 4, 66k is 286% of FPL, Maximum out-of-pocket premium is 8.05% of income.
Household of 5 and 6 are 244% FPL and 213% FPL; cap is 6.3% of income
Household of 7 and 8 are 188% FPL and 170% FPL; cap is 4% of income
For any of these, you would only be eligible for subsidies if the cost of the plan was greater than your maximum out-of-pocket premium expense.
The numbers you cited are factually wrong.