Buyers beware: President Barack Obama says his health care overhaul will lower premiums by double digits, but check the fine print.No kidding.
Premiums are likely to keep going up even if the health care bill passes, experts say. If cost controls work as advertised, annual increases would level off with time. But don't look for a rollback. Instead, the main reason premiums would be more affordable is that a new government tax credit would help millions of people who can't afford the cost now.
Listening to Obama pitch his plan, you might not realize that's how it works.
Wednesday, March 17, 2010
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