Monday, November 30, 2009

ObamaCare to Raise Insurance Premiums

Another "no big deal" for Congress.

Individual insurance premiums would increase by an average of 10 percent or more, according to an analysis of the Senate healthcare bill.

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. …

Though Republicans will seize on the projections that insurance premiums for individuals would increase, Democrats will highlight the conclusion that the legislation would lower premiums by 56 to 59 percent for those individuals who would receive subsidies to buy insurance on the exchange created by the legislation. Of those who participate in the exchange, 57 percent would be eligible for subsidies. The subsidy would cover about two-thirds of their premiums, the report says. --AP via Ace

Of course, "subsidies" are financed through taxation and fees on medical equipment manufacturers, as well as whatever else the Democrats feel like taxing.


Amy said...

Bankrupting the middle class onto the dole. That's the hope and change Obama's planning for us.

J. Strupp said...

"ObamaCare to Raise Insurance Premiums"

Except that's not what the CBO report says at all. Other than that you are correct.

Dad29 said...

You could look at the link.

In fact, it DOES raise premiums.