{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

lecture17_Oct31 (1)

lecture17_Oct31 (1) - Revisiting lastclass SNAP Asset Test...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
Revisiting last-class: SNAP Asset Test § Households may have $2,000 in countable resources,  such as a bank account, or $3,000 in countable  resources if at least one person is age 60 or older, or  is disabled.  § Resources NOT counted § Home and lot § Most retirement and pension plans § Up to $4,650 of the fair market value of one car per adult  household member (and one car per teen-aged household  member if the teenager is using it to go to work, look for  work, or prepare for work).  § NOTE: States may substitute their own rules for the car and all but 3  states exclude all of the value of at least one car per household § Resources of people who get SSI or TANF benefits 
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Health insurance in the U.S.
Background image of page 2
Overview of health insecurity in the US § From Swartz (2009), in 2006: § 1/3 non-elderly poor lacked health insurance § 18% of poor children lacked health insurance § From Budetti, et al. (1999): § 37% of adults with income <$35K went without medical  care when sick due to costs § 41% of adults with income <$35K did not have enough  money to pay their medical bills § Adding to health insecurity § In 2009, only 33% of workers in the bottom quartile of the  distribution had paid sick leave (81% in the top quartile  did)
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
4 Government Assistance for Health Insurance § Private health insurance § Employer-sponsored § $100 billion in foregone tax revenue (employer contribution to  insurance premium is not taxed) § Subsidy provides greatest benefit to highest income workers. § Other tax subsidies for private health insurance cost $7  billion in foregone tax revenue § Public health insurance § Medicare – $413 billion  § Medicaid and SCHIP - $320 billion (federal and state)
Background image of page 4
5 The Health Insurance Market (overview) § Why encourage health insurance?
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}