Freedom Line Blog

Taxes, higher premiums and rationing.  That’s what consumers will face if the Senate’s version of health care reform becomes law.

According to a new report released by the Congressional Budget Office (CBO), some self-insured individuals could see a jump in premiums if the Senate bill becomes law.   In some instances, the hike in premiums could be upwards of 13%.  As CBO Director Doug Elmendorf wrote on his blog yesterday, “The average, unsubsidized premium per person covered (including dependents) for new nongroup policies would be about 10 percent to 13 percent higher in 2016 than the average premium for nongroup coverage in that same year under current law.”

And for those of you who have employer-based “platinum” health insurance?  Expect new taxes on you and your employer.  The CBO projects that 1 in 5 people with employer-based coverage will be subject to the new 40% excise tax on health insurance.

With projected costs of the Senate bill reaching $6 trillion over ten years, it’s no wonder that 53% of the nation opposes this sordid version of “reform.”