CBO - Senate HCR bill will keep premiums for those with group insurance Level to lower - DAMN!

[JohnWxy]

What's a Corporate Lobbyist party propagandist to do, the CBO says the HCR bill being debated in the Senate will keep premiums for those with group health insurance level or up to 3% LOWER!



http://www.usatoday.com/news/washington/2009-11-30-premiums_N.htm

By John Fritze, USA TODAY

WASHINGTON — Americans who buy health insurance through their employer wouldn't see a big difference in premiums if the Senate's health care bill becomes law, a non-partisan analysis released Monday predicts.
For the 70% of Americans who will sign up for health insurance through a large company in 2016, average premiums would remain steady or fall by as much as 3% compared with prices if the legislation doesn't pass, the Congressional Budget Office (CBO) report said.

The budget agency painted a more mixed picture for the 17% of Americans who buy coverage on their own, separately from work. People eligible for government subsidies would pay nearly 60% less, but those who aren't would pay up to 13% more.

Premiums on those families would rise partly because they would be required to buy more comprehensive policies that would cover a larger share of health care costs, the report said.
(more)

[Demeter]

1. And If You Buy That, I've Got a GREAT Bridge in Brooklyn For Sale--Historical Property, Dirt Cheap!

There's a sucker born every minute--which PT Barnum did NOT say, so stop saying that!

[JohnWxy]

5. You would prefer the Insurance industry propaganda? Yeah, you can trust them. LOL, LOL

[JohnWxy]

6. Here is a complete contradiction of Republican (insurance co) propaganda

(page 12)

Some observers have argued that private insurance premiums would also be affected by changes in the extent of “cost shifting”—a process in which lower rates paid to providers for some patients (such as uninsured people or enrollees in government insurance programs) lead to higher payments for others (such as privately insured individuals). However, the effect of the proposal on premiums through changes in cost shifting seems likely to be quite small because the proposal has opposing effects on different potential sources of cost shifting, and the total amount of cost shifting in the current health care system appears to be modest relative to the overall cost of health insurance. CBO and JCT estimate that the elements of the legislation that would change the price of providing a given amount of coverage for a given population would, on net, reduce the average premium per person for nongroup coverage in 2016 by about 7 percent to 10 percent relative to the amount under current law. Those elements of the legislation would reduce the average premium per person in the small group market by about 1 percent to 4 percent and would not have a measurable impact on premiums in the large group market.

[OHdem10]

2. Too many reports have appeared showing the supposed copy of

CBO Report--which indicates Premiums will increase.

[JohnWxy]

3. so can you provide a link to these numerous reports?

[JohnWxy]

4. Here's a link to the very real CBO report..

http://www.cbo.gov/ftpdocs/107xx/doc10781/11-30-Premiums.pdf#zoom=100%

(page 7)
"In the large group market, which is defined here as consisting of employers with more than 50 workers, the legislation would yield an average premium per person that is zero to 3 percent lower in 2016 (relative to current law)."