Just for yukks, I put some numbers in this
Subsidy Calculator:
-------------------------------------------------
Enter Information About Your Household:
1.Select a State: Illinois
Enter your zip code: 60626
( --> a randomly selected Chicago zip code)
2.Enter income as: 2014 Dollars
3.Enter annual income (dollars) $62,000
( ---> Note that this is not a Modified AGI, it's simply the number that ripper1 provided. His MAGI could be lower).
4. Is employer coverage available? No
5. Number of people in family? 2
6. Number of adults (21 and older) enrolling in exchange coverage: 2
Age: 60 Uses Tobacco? No
Age: 60 Uses Tobacco? No
7. Number of children (20 and younger) enrolling in exchange coverage: No children
... [Submit] ...
Household income in 2014: 400% of poverty level
Unsubsidized annual health insurance premium in 2014: $13,761*
Maximum % of income you have to pay for the non-tobacco premium, if eligible for a subsidy: 9.5%
Amount you pay for the premium: $5,890 per year*
(which equals 9.5% of your household income and covers 43% of the overall premium)
You could receive a government tax credit subsidy of up to: $7,871*
(which covers 57% of the overall premium)
*The premium and subsidy amounts above are based on a Silver plan. You have the option to apply the subsidy toward the purchase of other levels of coverage, such as a Gold plan (which would be more comprehensive) or a Bronze plan (which would be less comprehensive).
-------------------------------------------------
So ~ $500 per month for 2 people aged 60 with an income of $62,000,
with no limitations for prexisting conditions, is being "crucified" ?