Democrats drive up cost of health insurance 10%
Individual insurance premiums would increase by an average of 10 percent or more, according to an analysis of the Senate healthcare bill.Only 17 percent would be eligible for the subsidies so most folks would wind up paying more for health insurance. That is not what Obama and the Democrats promised when they started this process. It is another reason why most voters are rejecting the Democrat plan.
The long-awaited report by the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) also concluded that subsidies provided by the legislation would make coverage cheaper for those who qualify.
"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. About half of those enrollees would receive government subsidies that would reduce their costs well below the premiums that would be charged for such policies under current law," the report says.