Speaking from experience, I live on a razor-thin budget, and even with these “low premiums,” it’s going to break me and my family. I have to decide between feeding my family and buying unnecessary (at this point) health insurance, I’m going to buy food. To hell with the MNSure. I will not comply.
So the problem is that the premiums are too low to qualify for a tax credit but they are still significantly higher than what you pay now?
That would be a problem.
The “low premiums” are relative to other states, but are still an increase over what has been paid in the past, and with higher deductibles and co-payments.
My sister had to have a much higher deductible at a cost of over $1,200.00 per year more, and now pays $7,200.00 for insurance which will almost never pay unless she is seriously ill. She will never be able to afford the deductibles.
I think we are going to see many more bankruptcies in the near future.