The non-partisan Congressional Budget Office has released an analysis “of how proposals being considered by the Congress to change the health care and health insurance systems would affect premiums paid for health insurance in various markets.”
Specifically, they analyzed the Senate’s Patient Protection and Affordable Care Act. You can read it here.
Some outlets are already making judgments on this report. According to Reuters, the Senate’s bill “would raise insurance premiums by at least 10 percent by 2016 for those independently buying coverage, but subsidies would reduce the actual costs for half of that group, the Congressional Budget Office said on Monday.”
The nonpartisan CBO said the bill would have a much smaller impact on those who receive coverage through employer-based plans. Employers with 50 or fewer workers could see premiums go up slightly, but costs could decline by as much as 2 percent per worker relative to current expectations, CBO estimated.
Premiums for larger employers could be as much as 3 percent lower in 2016, the report said.
Meanwhile, The Hill reports that “insurance premiums would increase by an average of 10 percent or more, according to the CBO’s analysis of Senate healthcare reform.”
The long-awaited report by the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) also concluded that subsidies provided by the legislation would make coverage cheaper for those who qualify.
(credit image – the takeaway)
Congress in Your Pocket
