http://www.cbo.gov/ftpdocs/107xx/doc10781/11-30-Premiums.pdf
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http://www.cnsnews.com/news/article/57820
“Millions of Families Will Pay $2,100 More in Annual Health Insurance Premiums Under Senate Bill”
Tuesday, December 01, 2009
By Susan Jones, Senior Editor
SNIPPET: “(CSNews.com) – For millions of American families, the cost of health insurance premiums will increase $2,100 a year under the Democratic health care bill now being debated in the U.S. Senate.
That’s according to an analysis conducted by the Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation (JTO).
The CBO-JCT analysis of Sen. Harry Reid’s bill found that people buying their own health insurance policies on government-run exchanges – as they will be required to do if they lack coverage through work — will see their premiums increase by up to 13 percent in 2016, the year in which the Senate bill takes full effect.
For people purchasing their own insurance on government-run exchanges, “Average premiums per policy …in 2016 would be roughly $5,800 for single policies and $15,200 for family policies under the proposal, compared with roughly $5,500 for single policies and $13,100 for family policies under current law.”
Put another way, under Reid’s bill, a family in 2016 would pay $15,200 for an insurance plan, up $2,100 from the $13,100 they currently pay.”
ADDING to post no. 357:
Quote:
http://www.freerepublic.com/focus/f-news/2401297/posts
Blue Cross Blue Patients (Another study predicts higher insurance prices.)
The Wall Street Journal ^ | 12-05-09 | The Wall Street Journal Editorial Staff
Posted on December 5, 2009 6:18:00 PM PST by GOP_Lady
Another day, another study confirming that ObamaCare will increase the price of health insurance. The Blue Cross Blue Shield Association has found that premiums in the individual market will rise on average by 54% over the status quo, which translates into an extra $3,341 a year for families and $1,576 for singles. The White House denounced the report as a “sham” before it was even released, which shows how seriously it takes such concerns.
The Congressional Budget Office also found this week that ObamaCare will boost premiums in the individual market by as much as 13%. But the White House called that a triumph because the higher costs will be offset by taxpayer subsidies that will be transferred to the federal balance sheet.
The Blue Cross study is in fact more precise than CBO’s because it is based on real market data, rather than modeling assumptions. The association mined the actuarial data from its six million individual or small-business policies, nearly one-eighth of those sold in the U.S.
(Excerpt) Read more at online.wsj.com ...