The Washington Post (12/1,
Montgomery) reports that as the Senate began debate on its
healthcare reform bill, the Congressional Budget Office "said
the measure would leave premiums unchanged or slightly lower for
the vast majority of Americans, contradicting assertions by the
insurance industry that the average family's coverage would rise
by thousands of dollars if the proposal became law." The CBO
report "was released hours before the Senate began debate on the
package," and it "said the legislation would lead to higher
average premiums in the relatively small and troubled individual
market, where the self-employed and others buy coverage directly
from insurers. But that extra cost would buy better coverage,
the CBO said, and hefty federal subsidies would drive down
payments by nearly 60 percent on average for low- and
middle-income families."
USA Today (12/1,
Fritze) reports the CBO said "for the 70% of Americans who will
sign up for health insurance through a large company in 2016,
average premiums would remain steady or fall by as much as 3%
compared with prices if the legislation doesn't pass." The
Washington Times (12/1,
Haberkorn) reports the CBO report says "people who purchase
healthcare individually could face premium hikes of up to 13
percent under the Senate healthcare overhaul, but the vast
majority of Americans would not be hit by rate increases." CBO
"found that the approximately 18 million people who buy
insurance on the individual market and qualify for new
income-based tax subsidies would see their costs fall by more
than half; the 14 million people who don't qualify would see
their costs jump 10 to 13 percent." The
Wall Street Journal (12/1,
A4, Adamy, Hitt, subscription required) also reports the story.
The Hill (12/1,
Young, subscription required) reports Senate Democrats and
Republicans "seized on" the CBO report "to bolster their
arguments on the same day the floor debate formally commenced."
To Democrats, "the report affirms the bill offers affordable
access to healthcare to tens of millions of people without
insurance while offering modest relief to the nearly 160 million
people who receive insurance through their jobs." Republicans
"contend that the findings prove the Senate legislation would
result in higher premiums for millions of people compared to
what it would cost them in today's market."
However, in a front-page story, the
New York Times (12/1, A1,
Pear, Herszenhorn) reports that the analysis "provided Democrats
with ammunition against Republicans who have criticized the bill
on the ground that it would raise costs for a majority of
Americans." The CBO concluded that "for most people who get
health insurance through employers -- five-sixths of the total
market -- there would be little change in their premiums
relative to the amounts projected under current law."
The Christian Science
Monitor (12/1, Chaddock) calls the CBO report "highly
qualified. Any estimates of the impact of such substantial
changes in the health insurance and healthcare sectors must
reflect 'considerable uncertainty,' the report concludes."
Still, "the nuances quickly fell out of the political firestorm
around healthcare reform." The AP
(12/1), Bloomberg News
(12/1, Nussbaum), and Reuters
(12/1, Smith, Whitesides) also cover the story.
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