CBO report estimates premiums for group insured will stay flat or drop 3% if Senate HCR bill passes.

[JohnWxy]

This wasn't easy to find. CBO must think these reports are top secret. They made it hard as hell to copy too.


http://www.cbo.gov/ftpdocs/107xx/doc10781/11-30-Premiums.pdf


Employment-Based Coverage

The legislation would have much smaller effects on premiums for employment-based coverage, which would account for about five-sixths of the total health insurance market. In the small group market, which is defined in this analysis as consisting of employers with 50 or fewer workers, CBO and JCT estimate that the change in the average premium per person resulting from the legislation could range from an increase of 1 percent to a reduction of 2 percent in 2016 (relative to current law).6 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). Those overall effects reflect the net impact of many relatively small changes, some of which would tend to increase premiums and some of which would tend to reduce them (as shown in Table 1).7

[FreakinDJ]

1. Move along folks - nothin to see here - just your usual reduction in cost

glad to see the corporate media gave it all the attention it deserves

[JohnWxy]

2. Right. It directly contradicts insurance industry propaganda chanted by Republicans.

Wouldn't want to inform the viewers. Better to show hours of idiots yelling nonsense about fantasy fears.

[FreakinDJ]

4. New TV Game Show - 6th Graders are Smarter Journalist

LOL

[SandWalker1984]

3. That's if you assume that the insurance corporations won't raise premiums in the 3 yrs before...

...the actual proposed legislation kicks in.

After watching the banks dramatically raise rates to 29%, 30% or more on customers ahead of the deadline for the credit card reforms, I have serious doubts about the health insurance corporation's behavior.

These are the same corporations that, since 2002 have:
Raised the average premiums charged by 87%
Increased their profits by 428%


If I were a betting person, I'd say the odds of rates remaining unchanged are slim to none.