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October 12, 2009
Democrats' health care bill to cost families additional $1,700 per year
Topics: Political News and commentariesAccording to a newly released PricewaterhouseCoopers analysis, the Democrat's nationalized health care bill will add $1,700 a year to the cost of family coverage in 2013 . Premiums for a single person would go up $600 more than would be the case without the legislation. And the cost just gets far worse after that.
Via the AP:
The health insurance industry has been working until recently to help draft legislation, while publicly endorsing President Barack Obama's goal of affordable coverage for all Americans. The alliance has grown strained as legislation advances toward votes in Congress.And let's keep in mind that the Democrats in Congress have yet to provide the actual language of their proposed law, which is only going to be adding to the cost and increasing the taxes of middle-class America.Late Sunday, the industry trade group America's Health Insurance Plans sent its member companies a new accounting firm study that projects the legislation would add $1,700 a year to the cost of family coverage in 2013, when most of the major provisions in the bill would be in effect.
Premiums for a single person would go up by $600 more than would be the case without the legislation, the PricewaterhouseCoopers analysis concluded in the study commissioned by the insurance group.
"Several major provisions in the current legislative proposal will cause health care costs to increase far faster and higher than they would under the current system," Karen Ignagni, the top industry lobbyist in Washington, wrote in a memo to insurance company CEOs.
The study projected that in 2019, family premiums could be $4,000 higher and individual premiums could be $1,500 higher. (More)
Posted by Abdul at October 12, 2009 7:00 AM
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