Tuesday, December 1, 2009

Senate bill consequences

Philip Klein:
In another blow to Democrats' health care claims, the Congressional Budget Office released an analysis on Monday projecting that the Senate health care bill would raise premiums by more than $2,000 on family policies compared to what the cost otherwise would be if Congress were simply to do nothing.
The report, prepared at the request of Sen. Evan Bayh, found that premiums on policies individuals purchase on their own or through the government-run exchanges would cost 10 percent to 13 percent more in 2016 than under current law. In dollar terms, in 2016 an individual policy would cost $5,800 and a family policy would cost $15,200 if the Senate bill were enacted, according to the CBO, compared with $5,500 and $13,100 under the status quo.
Dick Morris: State taxes will go up dramatically under Obamacare because states must expand Medicaid eligibility. Arkansas, for example, will have to increase spending by $402 million.

UPDATE: The WSJ has an article on future premiums. As usual, information is conflicting.

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