Tuesday, December 1, 2009

CNSNews.com - Millions of Families Will Pay $2,100 More in Annual Health Insurance Premiums Under Senate Bill

CNSNews.com - Millions of Families Will Pay $2,100 More in Annual Health Insurance Premiums Under Senate Bill: "(CSNews.com) – For millions of American families, the cost of health insurance premiums will increase $2,100 a year under the Democratic health care bill now being debated in the U.S. Senate.

That’s according to an analysis conducted by the Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation (JTO).

The CBO-JCT analysis of Sen. Harry Reid’s bill found that people buying their own health insurance policies on government-run exchanges – as they will be required to do if they lack coverage through work -- will see their premiums increase by up to 13 percent in 2016, the year in which the Senate bill takes full effect.

For people purchasing their own insurance on government-run exchanges, 'Average premiums per policy …in 2016 would be roughly $5,800 for single policies and $15,200 for family policies under the proposal, compared with roughly $5,500 for single policies and $13,100 for family policies under current law.'"

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