HCR Summit: The Senate Bill and Premiums

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Before Sen. Tom Coburn, Republican of Oklahoma, began to talk about costs, President Obama and Sen. Lamar Alexander, Republican of Tennesse, engaged in a high-profile debate over the effects of the Senate legislation on the cost of premiums. Sen. Alexander said the Congressional Budget Office has found that individual premiums would rise as a result of health care reform. Obama said Alexander’s wrong, premiums will go down. Who’s right? From what I can tell, they both are.

Here’s the CBO report in question. It found: “CBO and JCT estimate that the average 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.” Point goes to Alexander.

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