CBO: Health Care Reform Will Lower Out-Of-Pocket Burden For Most Consumers
OPS_admin | Nov 30, 2009 | Comments 0
A new CBO report, requested by Sen. Evan Bayh (D-IN) contains some helpful, though not unexpected information about the impact of Senate health care legislation on insurance premiums, particularly in the individual market.
According to CBO, average premiums in the individual market would increase 10 to 13 percent because of provisions in the Senate health care bill, but, crucially, most people (about 57 percent) would actually find themselves paying significantly less money for insurance, thanks to federal subsidies for low- and middle-class consumers, than they would under current law.
Those are two separate findings, but it seems likely that Republicans will use the former finding to attack reform, claiming it will raise people's premiums, and leave people confused about the second finding, which is actually the one that impacts people’s pocket books.
The report finds that for the minority of consumers in the individual market who receive no federal assistance, premiums (and therefore out-of-pocket costs) will increase slightly–on the order of 10 percent–which could prove politically difficult in the years after health care reform takes effect.
Full Story CBO: Health Care Reform Will Lower Out-Of-Pocket Burden For Most Consumers | TPMDC.
Filed Under: Economy - Labor
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The oligarchs openly talking about a coup d'état in America?
Multi-millionaire lobbyist Grover Norquist is calling for the impeachment of President Obama. In an interview with the right-wing National Journal - Norquist warned that if President Obama wins re-election and decides to let the Bush tax cuts for the top 2% expire at the end of the year - then Republicans will "have enough votes in the Senate in 2014 to impeach [him]."What does that mean? It means that the super rich in America - and their political operatives like Norquist in Washington, DC - have now compared a tiny tax increase on the wealthy to high crimes and treason - the only Constitutional basis Congress can use to impeach a President. It sounds like the oligarchs are now openly talking about a coup d'état in America.-Thom(Do you think will try it? Tell us here.) -
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