[trdtaylor1]

Everyone who makes ~>250k would assumingly lose on this idea. Cost of insurance + maximum out of pocket would be smaller then the tax increase.

I assume it would also be restricted to Cali without procuring a reciprocity agreement with a national insurer.

If Dems managed to repeal the SALT deduction cap OR Cali just codes it to get around it (payroll tax direct to company only, and independent contractor business tax), this would be a much better idea.

[thatfrenchguy]

You only loose out though if you’re employed and you assume you’ll always be employed over 250k and never end up in a situation where your income drops and you loose your health insurance.

There are no national insurer btw, except for self insured employees.

[caslon]

Median household income (in 2019 dollars), 2015-2019 $75,235

Per capita income in past 12 months (in 2019 dollars), 2015-2019 $36,955

https://www.census.gov/quickfacts/fact/table/CA/INC110219

Your median Californian, and significantly above your median Californian, makes below $250k.