The cost of Obamacare

PriceWaterhouseCoopers, a consulting firm, has issued a study of health care costs:

The report makes clear that several major provisions in the current legislative proposal will cause health care costs to increase far faster and higher than they would under the current system. The report finds that the proposal “will increase premiums above what they would increase under the current system for both individual and family coverage in all four market segments for every year from 2010-2019.”
For example, the analysis shows that the cost of the average family policy is approximately $12,300 today and will rise to:

• $15,500 in 2013 under current law and to $17,200 if these provisions are implemented.
• $18,400 in 2016 under current law and to $21,300 if these provisions are implemented.
• $21,900 in 2019 under current law and to $25,900 if these provisions are implemented.

In fact, between 2010 and 2019 the cumulative increases in the cost of a typical family policy under this reform proposal will be approximately $20,700 more than it would be under the current system.

This is from Keith Hennessey. See also here.

Summary: lower wages and higher premiums.