I’ve had a number of positive things to say about the Max Baucus health care draft along with some criticisms. But it’s worth emphasizing that not all bullet points are created equal. To say that the subsidy levels Baucus is envisioning are not adequate is just one sentence. But it’s a really big problem. Baucus’ plan would be a boon to currently uninsured people earning less than 133 percent of the federal poverty line. And it’s fine for those of us who already have good employer-based health insurance. But for the 25 million or so uninsured people earning between 133 and 300 percent of FPL, the math just doesn’t really add up. In this chart Nick Beaudrot compared premium levels under Baucuscare to what they do currently in Massachusetts (which seems to work okay) with what federal health reform could do under some alternative scenarios:

Matthew Yglesias » Can’t Make Insurance Affordable for All Without Making it Affordable